HighTower Advisors LLC Has $228.46 Million Stake in Simon Property Group, Inc. $SPG

HighTower Advisors LLC cut its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 4.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,021,493 shares of the real estate investment trust’s stock after selling 44,597 shares during the quarter. HighTower Advisors LLC owned approximately 0.32% of Simon Property Group worth $228,457,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPG. Ancora Advisors LLC acquired a new position in shares of Simon Property Group during the second quarter valued at about $27,000. Stance Capital LLC acquired a new stake in shares of Simon Property Group in the 3rd quarter valued at about $26,000. Osbon Capital Management LLC bought a new stake in Simon Property Group in the 2nd quarter valued at about $32,000. Fiduciary Financial Advisors bought a new stake in Simon Property Group in the 2nd quarter valued at about $34,000. Finally, Wilkerson Advisory Group LLC bought a new position in Simon Property Group in the fourth quarter worth approximately $29,000. 93.01% of the stock is owned by institutional investors.

Insider Activity at Simon Property Group

In other news, Director Larry Glasscock acquired 397 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average price of $223.38 per share, for a total transaction of $88,681.86. Following the completion of the purchase, the director owned 45,902 shares in the company, valued at approximately $10,253,588.76. This trade represents a 0.87% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel Smith bought 372 shares of the stock in a transaction on Tuesday, June 30th. The stock was purchased at an average price of $223.31 per share, for a total transaction of $83,071.32. Following the completion of the purchase, the director owned 34,480 shares of the company’s stock, valued at approximately $7,699,728.80. This trade represents a 1.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought a total of 2,387 shares of company stock worth $533,056 over the last 90 days. Corporate insiders own 8.73% of the company’s stock.

Simon Property Group Stock Up 0.0%

Shares of NYSE:SPG opened at $209.49 on Monday. The business’s 50 day moving average is $222.53 and its 200 day moving average is $208.55. Simon Property Group, Inc. has a 12-month low of $172.19 and a 12-month high of $238.50. The stock has a market cap of $67.78 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 3.16 and a beta of 1.28. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.19.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $1.49 EPS 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 the consensus estimate of $1.61 billion. During the same quarter last year, the business posted $1.70 earnings per share. The business’s 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. On average, sell-side analysts forecast that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

The business also recently disclosed 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%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Weiss Ratings raised Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, August 12th. Citigroup increased their target price on Simon Property Group from $205.00 to $230.00 and gave the stock a “neutral” rating in a report on Monday, August 17th. Barclays lifted their price target on shares of Simon Property Group from $213.00 to $215.00 and gave the company an “equal weight” rating in a research report on Monday, August 17th. Piper Sandler boosted their price target on shares of Simon Property Group from $230.00 to $285.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Finally, Mizuho upped their price objective on shares of Simon Property Group from $211.00 to $226.00 and gave the stock a “neutral” rating in a report on Thursday, August 27th. Two equities research 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $228.14.

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.