Kentucky Retirement Systems Increases Stock Holdings in Simon Property Group, Inc. $SPG

Kentucky Retirement Systems increased its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 26.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 25,621 shares of the real estate investment trust’s stock after purchasing an additional 5,280 shares during the quarter. Kentucky Retirement Systems’ holdings in Simon Property Group were worth $4,779,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in Simon Property Group during the fourth quarter worth $1,112,111,000. Wellington Management Group LLP raised its stake in shares of Simon Property Group by 7.7% in the fourth quarter. Wellington Management Group LLP now owns 7,939,861 shares of the real estate investment trust’s stock valued at $1,469,748,000 after acquiring an additional 569,772 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Simon Property Group by 1,329.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 468,497 shares of the real estate investment trust’s stock valued at $86,723,000 after acquiring an additional 435,721 shares during the period. Bbfit Investments PTE Ltd. bought a new stake in shares of Simon Property Group in the 4th quarter worth about $80,060,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Simon Property Group by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 10,572,677 shares of the real estate investment trust’s stock worth $1,950,967,000 after acquiring an additional 363,337 shares during the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Simon Property Group Price Performance

SPG opened at $230.17 on Friday. The company has a market capitalization of $74.64 billion, a price-to-earnings ratio of 16.00, a PEG ratio of 3.04 and a beta of 1.29. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68. Simon Property Group, Inc. has a 12-month low of $159.70 and a 12-month high of $238.50. The business’s fifty day simple moving average is $218.40 and its 200-day simple moving average is $203.10.

Simon Property Group (NYSE:SPG) last released its quarterly earnings data on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.02. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the previous year, the company posted $2.95 earnings per share. The firm’s quarterly revenue was up 19.3% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. On average, equities research analysts anticipate 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 declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were issued a $2.25 dividend. The ex-dividend date was Tuesday, June 9th. This represents a $9.00 annualized dividend and a dividend yield of 3.9%. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s dividend payout ratio (DPR) is presently 62.54%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SPG shares. Deutsche Bank Aktiengesellschaft downgraded shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price target on the stock. in a report on Thursday, July 9th. Evercore set a $215.00 target price on Simon Property Group in a research report on Tuesday, July 7th. Wolfe Research lowered Simon Property Group from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, June 30th. Morgan Stanley upped their target price on Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 9th. Finally, Piper Sandler raised their price target on Simon Property Group from $230.00 to $285.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $216.14.

Insiders Place Their Bets

In other Simon Property Group news, Director Marta R. Stewart purchased 182 shares of the stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average price of $223.16 per share, with a total value of $40,615.12. Following the transaction, the director owned 18,000 shares of the company’s stock, valued at approximately $4,016,880. This trade represents a 1.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Glyn Aeppel acquired 243 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average price of $223.36 per share, for a total transaction of $54,276.48. Following the completion of the purchase, the director owned 21,067 shares of the company’s stock, valued at approximately $4,705,525.12. This represents a 1.17% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have purchased 2,387 shares of company stock worth $533,056. 8.73% of the stock is owned by corporate insiders.

About Simon Property Group

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.