Simon Property Group, Inc. $SPG Shares Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lifted its position in Simon Property Group, Inc. (NYSE:SPG) by 502.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,031 shares of the real estate investment trust’s stock after purchasing an additional 24,215 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Simon Property Group were worth $6,475,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPG. Premier Path Wealth Partners LLC boosted its holdings in Simon Property Group by 6.1% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 4,201 shares of the real estate investment trust’s stock valued at $939,000 after purchasing an additional 241 shares during the last quarter. NEOS Investment Management LLC increased its holdings in shares of Simon Property Group by 15.2% during the 2nd quarter. NEOS Investment Management LLC now owns 118,677 shares of the real estate investment trust’s stock worth $26,542,000 after buying an additional 15,638 shares during the last quarter. AXQ Capital LP purchased a new stake in shares of Simon Property Group during the 2nd quarter valued at approximately $248,000. Continuum Advisory LLC purchased a new stake in shares of Simon Property Group during the 2nd quarter valued at approximately $60,000. Finally, Nykredit A S acquired a new position in Simon Property Group in the second quarter valued at approximately $25,186,000. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SPG has been the subject of several analyst reports. Truist Financial increased their price objective on Simon Property Group from $196.00 to $215.00 and gave the stock a “hold” rating in a research report on Tuesday, June 23rd. LADENBURG THALM/SH SH lifted their target price on Simon Property Group from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Bank of America upped their price target on Simon Property Group from $225.00 to $236.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Scotiabank increased their price target on Simon Property Group from $220.00 to $222.00 and gave the stock a “sector perform” rating in a report on Thursday, August 20th. Finally, Morgan Stanley raised their price objective on Simon Property Group from $205.00 to $207.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 9th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $228.14.

Simon Property Group Stock Performance

NYSE:SPG opened at $209.49 on Monday. 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 $67.78 billion, a P/E ratio of 14.77, a PEG ratio of 3.16 and a beta of 1.28. The company has a 50 day moving average price of $222.53 and a 200 day moving average price of $208.55. 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 posted 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 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 analyst estimates of $1.61 billion. During the same quarter last year, the business posted $1.70 EPS. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Equities research analysts forecast that Simon Property Group, Inc. will post 13.2 EPS for the current year.

Simon Property Group Dividend Announcement

The company 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 dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Wednesday, September 9th. Simon Property Group’s dividend payout ratio (DPR) is 63.47%.

Insider Buying and Selling

In other Simon Property Group news, Director Glyn Aeppel purchased 243 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were bought 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 directly owned 21,067 shares of the company’s stock, valued at approximately $4,705,525.12. This trade represents a 1.17% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Larry Glasscock purchased 397 shares of Simon Property Group stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average cost of $223.38 per share, for a total transaction of $88,681.86. Following the transaction, the director directly owned 45,902 shares of the company’s stock, valued at approximately $10,253,588.76. This represents a 0.87% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 2,387 shares of company stock worth $533,056 over the last 90 days. 8.73% of the stock is owned by insiders.

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.