Elevation Point Wealth Partners LLC Makes New $2.27 Million Investment in Simon Property Group, Inc. $SPG

Elevation Point Wealth Partners LLC purchased a new stake in Simon Property Group, Inc. (NYSE:SPG) in the 2nd quarter, Holdings Channel reports. The fund purchased 10,158 shares of the real estate investment trust’s stock, valued at approximately $2,272,000.

Other institutional investors have also recently modified their holdings of the company. Danske Bank A S boosted its holdings in Simon Property Group by 11.1% during the fourth quarter. Danske Bank A S now owns 193,946 shares of the real estate investment trust’s stock worth $35,901,000 after buying an additional 19,300 shares in the last quarter. Legal & General Group Plc increased its holdings in Simon Property Group by 3.3% in the fourth quarter. Legal & General Group Plc now owns 3,783,976 shares of the real estate investment trust’s stock valued at $700,452,000 after buying an additional 122,186 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Simon Property Group by 3.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 604,773 shares of the real estate investment trust’s stock valued at $111,950,000 after buying an additional 20,477 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Simon Property Group by 1,329.4% during the 4th 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. Finally, L & S Advisors Inc acquired a new stake in shares of Simon Property Group during the 4th quarter valued at approximately $4,058,000. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Simon Property Group Trading Up 0.1%

Shares of SPG opened at $218.52 on Monday. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a 50 day simple moving average of $223.06 and a 200-day simple moving average of $207.24. Simon Property Group, Inc. has a 1-year low of $172.19 and a 1-year high of $238.50. The stock has a market cap of $70.70 billion, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 2.72 and a beta of 1.30.

Simon Property Group (NYSE:SPG) last posted its earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.15). Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the previous year, the company posted $1.70 EPS. Simon Property Group’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. Equities analysts forecast that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal year.

Simon Property Group Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Piper Sandler boosted 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. Evercore set a $215.00 price objective on Simon Property Group in a research note on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft downgraded Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 target price on the stock. in a research report on Thursday, July 9th. Truist Financial upped their target price on Simon Property Group from $196.00 to $215.00 and gave the company a “hold” rating in a report on Tuesday, June 23rd. Finally, Stifel Nicolaus raised their price target on Simon Property Group from $194.00 to $209.00 and gave the company a “hold” rating in a research report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $223.00.

Insiders Place Their Bets

In related news, Director Larry C. Glasscock acquired 397 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average price of $223.38 per share, with a total value of $88,681.86. Following the completion of the purchase, the director directly owned 45,902 shares in the company, valued at approximately $10,253,588.76. The trade was a 0.87% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary M. Rodkin acquired 256 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average price of $223.34 per share, with a total value of $57,175.04. Following the transaction, the director owned 21,016 shares in the company, valued at $4,693,713.44. This represents a 1.23% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders bought 2,387 shares of company stock valued at $533,056. Insiders own 8.73% of the company’s stock.

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.