OP Asset Management Ltd Invests $6.08 Million in Simon Property Group, Inc. $SPG

OP Asset Management Ltd bought a new position in shares of Simon Property Group, Inc. (NYSE:SPG) in the 1st quarter, Holdings Channel.com reports. The firm bought 32,570 shares of the real estate investment trust’s stock, valued at approximately $6,075,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Banque Cantonale Vaudoise bought a new stake in Simon Property Group during the 1st quarter valued at approximately $610,000. Assenagon Asset Management S.A. boosted its stake in Simon Property Group by 3.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 7,223 shares of the real estate investment trust’s stock worth $1,347,000 after purchasing an additional 254 shares during the period. Cidel Asset Management Inc. grew its holdings in Simon Property Group by 17.2% during the 1st quarter. Cidel Asset Management Inc. now owns 1,370 shares of the real estate investment trust’s stock valued at $256,000 after buying an additional 201 shares in the last quarter. Krilogy Financial LLC grew its holdings in Simon Property Group by 6.0% during the 1st quarter. Krilogy Financial LLC now owns 1,481 shares of the real estate investment trust’s stock valued at $298,000 after buying an additional 84 shares in the last quarter. Finally, WealthBridge Capital Management LLC bought a new stake in shares of Simon Property Group during the first quarter valued at approximately $517,000. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Stock Up 1.3%

Shares of SPG opened at $225.10 on Friday. The stock has a market capitalization of $73.00 billion, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 4.01 and a beta of 1.31. Simon Property Group, Inc. has a 1 year low of $157.59 and a 1 year high of $226.44. The business’s 50 day simple moving average is $206.72 and its 200-day simple moving average is $195.81. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84.

Simon Property Group (NYSE:SPG) last posted its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period last year, the firm posted $2.95 earnings per share. Simon Property Group’s revenue for the quarter was up 19.3% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. As a group, equities analysts expect that Simon Property Group, Inc. will post 13.21 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, June 9th. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s dividend payout ratio is 62.54%.

Analyst Upgrades and Downgrades

SPG has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a report on Monday, June 1st. UBS Group set a $220.00 target price on shares of Simon Property Group in a research note on Thursday, June 18th. Weiss Ratings upgraded shares of Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, June 15th. Stifel Nicolaus boosted their price target on shares of Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a research note on Tuesday, May 12th. Finally, Citigroup increased their price objective on shares of Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $209.71.

Simon Property Group Company Profile

Simon Property Group, Inc (NYSE: SPG) is a publicly traded real estate investment trust (REIT) that owns, develops and manages retail real estate properties. Its core business activities include acquisition, development, leasing and property management of regional malls, outlet centers and mixed‑use retail destinations. The company operates retail brands that include high‑profile regional shopping centers and the Premium Outlets platform, and it provides services such as tenant leasing, marketing, property operations and capital projects to optimize asset performance.

Simon’s portfolio spans a broad mix of enclosed malls, open‑air centers, outlet properties and mixed‑use developments, and the company pursues redevelopment and repositioning to adapt properties to changing consumer and retail trends.