Commerce Bank Makes New Investment in Simon Property Group, Inc. $SPG

Commerce Bank purchased a new stake in Simon Property Group, Inc. (NYSE:SPG) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 24,420 shares of the real estate investment trust’s stock, valued at approximately $5,462,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in shares of Simon Property Group during the fourth quarter worth $295,000. Marshall Wace LLP boosted its holdings in shares of Simon Property Group by 316.2% in the second quarter. Marshall Wace LLP now owns 19,787 shares of the real estate investment trust’s stock valued at $3,181,000 after acquiring an additional 15,033 shares during the period. Jump Financial LLC grew its position 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 purchasing an additional 7,506 shares during the last quarter. Cerity Partners LLC grew 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 worth $5,745,000 after buying an additional 598 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of Simon Property Group by 13.4% in the 2nd quarter. NewEdge Advisors LLC now owns 28,444 shares of the real estate investment trust’s stock valued at $4,573,000 after purchasing an additional 3,372 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Simon Property Group Price Performance

Shares of NYSE:SPG opened at $218.52 on Monday. The business’s fifty day moving average price is $223.06 and its two-hundred day moving average price is $207.24. Simon Property Group, Inc. has a one year low of $172.19 and a one year high of $238.50. The stock has a market cap of $70.70 billion, a PE ratio of 15.41, a price-to-earnings-growth ratio of 2.72 and a beta of 1.30. The company has a debt-to-equity ratio of 5.19, a quick ratio of 1.05 and a current ratio of 1.05.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the prior year, the company earned $1.70 EPS. The company’s revenue for the quarter 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. On average, analysts forecast that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal year.

Simon Property Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors 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 annualized dividend and a yield of 4.1%. Simon Property Group’s payout ratio is 63.47%.

Insider Transactions at Simon Property Group

In other news, Director Glyn Aeppel acquired 243 shares of the stock in a transaction on Tuesday, June 30th. The stock was bought at an average price of $223.36 per share, with a total value of $54,276.48. Following the completion of the transaction, the director directly owned 21,067 shares of the company’s stock, valued at $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 SEC, which can be accessed through the SEC website. Also, Director Gary M. Rodkin bought 256 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average price of $223.34 per share, with a total value of $57,175.04. Following the completion of the purchase, the director directly owned 21,016 shares of the company’s stock, valued at approximately $4,693,713.44. This trade represents a 1.23% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 2,387 shares of company stock worth $533,056 over the last 90 days. 8.73% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SPG shares. Piper Sandler lifted their target price on shares of Simon Property Group from $230.00 to $285.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Jefferies Financial Group upgraded shares of Simon Property Group to a “strong-buy” rating in a research report on Friday, June 26th. Bank of America lifted their price objective on Simon Property Group from $225.00 to $236.00 and gave the company a “buy” rating in a report on Monday, June 29th. Wolfe Research downgraded Simon Property Group from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 30th. Finally, LADENBURG THALM/SH SH raised their price target on Simon Property Group from $250.00 to $275.00 and gave the company a “buy” rating in a report 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 assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $223.00.

Simon Property Group 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.