12,750 Shares in Simon Property Group, Inc. $SPG Purchased by Evolve Private Wealth LLC

Evolve Private Wealth LLC acquired a new stake in Simon Property Group, Inc. (NYSE:SPG) in the second quarter, Holdings Channel reports. The institutional investor acquired 12,750 shares of the real estate investment trust’s stock, valued at approximately $2,852,000.

Other large investors have also modified their holdings of the company. Brighton Jones LLC purchased a new stake in shares of Simon Property Group during the fourth quarter worth about $295,000. Marshall Wace LLP boosted its holdings in Simon Property Group by 316.2% in the 2nd quarter. Marshall Wace LLP now owns 19,787 shares of the real estate investment trust’s stock worth $3,181,000 after buying an additional 15,033 shares during the last quarter. Jump Financial LLC increased its stake in Simon Property Group by 80.1% during the 2nd quarter. Jump Financial LLC now owns 16,881 shares of the real estate investment trust’s stock worth $2,714,000 after buying an additional 7,506 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of Simon Property Group by 1.7% during the second quarter. Cerity Partners LLC now owns 35,740 shares of the real estate investment trust’s stock valued at $5,745,000 after acquiring an additional 598 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Simon Property Group by 13.4% in the second quarter. NewEdge Advisors LLC now owns 28,444 shares of the real estate investment trust’s stock valued at $4,573,000 after acquiring an additional 3,372 shares in the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Insider Buying and Selling

In other news, Director Gary M. Rodkin bought 256 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was bought at an average cost of $223.34 per share, with a total value of $57,175.04. Following the transaction, the director directly owned 21,016 shares in the company, valued at $4,693,713.44. The trade was a 1.23% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Marta R. Stewart purchased 182 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were acquired at an average price of $223.16 per share, for a total transaction of $40,615.12. Following the completion of the purchase, the director directly 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. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 2,387 shares of company stock valued at $533,056 over the last quarter. 8.73% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

SPG has been the subject of several research reports. UBS Group boosted their price target on Simon Property Group from $199.00 to $222.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft lowered Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price objective on the stock. in a report on Thursday, July 9th. Evercore set a $215.00 target price on shares of Simon Property Group in a report on Tuesday, July 7th. Scotiabank increased their target price on shares of Simon Property Group from $220.00 to $222.00 and gave the company a “sector perform” rating in a research report on Thursday. Finally, Stifel Nicolaus raised their price target on shares of Simon Property Group from $194.00 to $209.00 and gave the stock a “hold” rating in a research note on Tuesday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, Simon Property Group currently has a consensus rating of “Hold” and a consensus target price of $223.00.

Simon Property Group Trading Down 0.6%

Shares of Simon Property Group stock opened at $218.52 on Friday. The stock has a 50 day moving average of $223.06 and a 200 day moving average of $207.13. 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 firm has a market capitalization of $70.70 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 2.72 and a beta of 1.30. Simon Property Group, Inc. has a fifty-two week low of $172.19 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). Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period last year, the business earned $1.70 EPS. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. As a group, research analysts predict that Simon Property Group, Inc. will post 13.2 earnings per share for the current year.

Simon Property Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 4.1%. The ex-dividend date is Wednesday, September 9th. Simon Property Group’s dividend payout ratio (DPR) is 63.47%.

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.