Corient Private Wealth LP Makes New $20.64 Million Investment in Simon Property Group, Inc. $SPG

Corient Private Wealth LP acquired a new stake in shares of Simon Property Group, Inc. (NYSE:SPG) in the second quarter, Holdings Channel.com reports. The firm acquired 92,272 shares of the real estate investment trust’s stock, valued at approximately $20,636,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Danske Bank A S grew its position in Simon Property Group by 11.1% in the 4th quarter. Danske Bank A S now owns 193,946 shares of the real estate investment trust’s stock worth $35,901,000 after purchasing an additional 19,300 shares during the last quarter. Legal & General Group Plc grew its position in Simon Property Group by 3.3% during the fourth quarter. Legal & General Group Plc now owns 3,783,976 shares of the real estate investment trust’s stock worth $700,452,000 after buying an additional 122,186 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Simon Property Group by 3.5% during 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 acquiring an additional 20,477 shares during the period. Northwestern Mutual Wealth Management Co. increased 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 valued at $86,723,000 after acquiring an additional 435,721 shares during the period. Finally, L & S Advisors Inc acquired a new position in Simon Property Group in the 4th quarter valued at approximately $4,058,000. Institutional investors and hedge funds own 93.01% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on SPG shares. Weiss Ratings upgraded Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, August 12th. UBS Group boosted their price target on shares of Simon Property Group from $199.00 to $222.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Evercore set a $215.00 price objective on shares of Simon Property Group in a report on Tuesday, July 7th. Citigroup lifted their target price 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, August 17th. Finally, Barclays upped their target price on shares of Simon Property Group from $213.00 to $215.00 and gave the company an “equal weight” rating in a research note on Monday, August 17th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $225.27.

Simon Property Group Stock Performance

Shares of SPG stock opened at $214.65 on Friday. 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 stock has a market cap of $69.45 billion, a PE ratio of 15.14, a price-to-earnings-growth ratio of 2.68 and a beta of 1.30. The stock has a 50-day moving average of $223.52 and a 200-day moving average of $207.92. Simon Property Group, Inc. has a one year low of $172.19 and a one year high of $238.50.

Simon Property Group (NYSE:SPG) last released its quarterly earnings data 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 firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.The firm’s revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.70 EPS. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. As a group, sell-side analysts expect that Simon Property Group, Inc. will post 13.2 earnings per share 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. Shareholders of record on Wednesday, September 9th will be issued a $2.25 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $9.00 annualized dividend and a yield of 4.2%. Simon Property Group’s dividend payout ratio (DPR) is 63.47%.

Insider Activity at Simon Property Group

In other news, Director Daniel C. Smith purchased 372 shares of the firm’s stock in a transaction dated 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 acquisition, the director directly owned 34,480 shares of the company’s stock, valued at approximately $7,699,728.80. This represents a 1.09% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Glyn Aeppel acquired 243 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average price of $223.36 per share, with a total value of $54,276.48. Following the transaction, the director owned 21,067 shares in the company, valued at $4,705,525.12. This represents a 1.17% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders purchased 2,387 shares of company stock valued at $533,056. 8.73% of the stock is owned by corporate insiders.

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.