Simon Property Group, Inc. $SPG Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC lowered its holdings in Simon Property Group, Inc. (NYSE:SPG) by 54.2% during the second quarter, Holdings Channel.com reports. The firm owned 2,710 shares of the real estate investment trust’s stock after selling 3,208 shares during the period. OneDigital Investment Advisors LLC’s holdings in Simon Property Group were worth $606,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Norges Bank purchased a new position in shares of Simon Property Group during the 4th quarter worth $1,112,111,000. Wellington Management Group LLP raised its holdings in Simon Property Group by 7.7% in the 4th 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 buying an additional 569,772 shares during the period. Bank of America Corp DE lifted its position in Simon Property Group by 6.1% in the first quarter. Bank of America Corp DE now owns 8,503,133 shares of the real estate investment trust’s stock valued at $1,586,089,000 after buying an additional 491,519 shares during the last quarter. Cardano Risk Management B.V. acquired a new position in Simon Property Group in the second quarter valued at about $104,281,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Simon Property Group by 1,329.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 468,497 shares of the real estate investment trust’s stock worth $86,723,000 after buying an additional 435,721 shares during the period. Institutional investors and hedge funds own 93.01% of the company’s stock.

Insider Buying and Selling at Simon Property Group

In related news, Director Glyn Aeppel acquired 243 shares of Simon Property Group stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average cost 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 in the company, valued at approximately $4,705,525.12. The trade was a 1.17% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel C. Smith bought 372 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average price of $223.31 per share, with a total value of $83,071.32. Following the completion of the acquisition, the director owned 34,480 shares of the company’s stock, valued at $7,699,728.80. This trade represents a 1.09% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have bought 2,387 shares of company stock valued at $533,056. Insiders own 8.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SPG. Citigroup lifted their price target on shares of Simon Property Group from $205.00 to $230.00 and gave the company a “neutral” rating in a research report on Monday. Stifel Nicolaus increased their price objective on shares of Simon Property Group from $194.00 to $209.00 and gave the stock a “hold” rating in a research report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft downgraded shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 target price for the company. in a report on Thursday, July 9th. Wolfe Research cut Simon Property Group from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 30th. Finally, Bank of America raised their price target on Simon Property Group from $225.00 to $236.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, Simon Property Group currently has an average rating of “Hold” and an average target price of $222.87.

Simon Property Group Trading Down 0.3%

Shares of SPG stock opened at $221.07 on Wednesday. The company has a debt-to-equity ratio of 5.19, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $71.53 billion, a P/E ratio of 15.59, a price-to-earnings-growth ratio of 2.74 and a beta of 1.30. The company has a 50 day moving average price of $222.76 and a 200 day moving average price of $206.61. Simon Property Group, Inc. has a fifty-two week low of $172.09 and a fifty-two week high of $238.50.

Simon Property Group (NYSE:SPG) last announced its earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.15). The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.Simon Property Group’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.70 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Equities research analysts predict that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal year.

Simon Property Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th will be given a dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.1%. Simon Property Group’s dividend payout ratio is currently 63.47%.

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.