Simon Property Group, Inc. $SPG Shares Sold by Resolution Capital Ltd

Resolution Capital Ltd decreased its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 1.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,998,411 shares of the real estate investment trust’s stock after selling 28,021 shares during the quarter. Simon Property Group makes up 7.8% of Resolution Capital Ltd’s investment portfolio, making the stock its 4th biggest holding. Resolution Capital Ltd’s holdings in Simon Property Group were worth $372,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC purchased a new position in Simon Property Group in the fourth quarter worth approximately $295,000. Marshall Wace LLP increased its position in shares of Simon Property Group by 316.2% in the 2nd quarter. Marshall Wace LLP now owns 19,787 shares of the real estate investment trust’s stock valued at $3,181,000 after purchasing an additional 15,033 shares during the last quarter. Jump Financial LLC increased its holdings in Simon Property Group by 80.1% in the second quarter. Jump Financial LLC now owns 16,881 shares of the real estate investment trust’s stock valued at $2,714,000 after buying an additional 7,506 shares during the last quarter. Cerity Partners LLC raised its position in shares of Simon Property Group by 1.7% during the 2nd quarter. Cerity Partners LLC now owns 35,740 shares of the real estate investment trust’s stock worth $5,745,000 after acquiring an additional 598 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of Simon Property Group by 13.4% during the 2nd quarter. NewEdge Advisors LLC now owns 28,444 shares of the real estate investment trust’s stock worth $4,573,000 after acquiring an additional 3,372 shares in the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Insider Transactions at Simon Property Group

In related news, Director Gary M. Rodkin bought 256 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average price of $223.34 per share, with a total value of $57,175.04. Following the completion of the acquisition, the director owned 21,016 shares in the company, valued at approximately $4,693,713.44. This trade represents a 1.23% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Reuben S. Leibowitz purchased 508 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were bought at an average price of $223.38 per share, with a total value of $113,477.04. Following the purchase, the director directly owned 55,797 shares of the company’s stock, valued at approximately $12,463,933.86. The trade was a 0.92% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 2,387 shares of company stock worth $533,056 over the last three months. 8.73% of the stock is currently owned by company insiders.

Simon Property Group Stock Up 2.3%

Shares of NYSE SPG opened at $237.01 on Wednesday. The business has a 50-day moving average price of $217.27 and a 200 day moving average price of $202.42. The stock has a market cap of $76.86 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 2.99 and a beta of 1.29. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 4.68. Simon Property Group, Inc. has a 52-week low of $159.70 and a 52-week high of $237.89.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 EPS for the quarter, topping the consensus estimate of $1.46 by $0.02. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the previous year, the company posted $2.95 earnings per share. The firm’s revenue was up 19.3% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Equities research analysts forecast that Simon Property Group, Inc. will post 13.21 earnings per share for the current year.

Simon Property Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were issued a dividend of $2.25 per share. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Tuesday, June 9th. Simon Property Group’s dividend payout ratio is 62.54%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SPG shares. Jefferies Financial Group upgraded Simon Property Group to a “strong-buy” rating in a research note on Friday, June 26th. Scotiabank raised their price objective on shares of Simon Property Group from $206.00 to $220.00 and gave the stock a “sector perform” rating in a report on Thursday, June 18th. Citigroup boosted their price objective on shares of Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Stifel Nicolaus increased their target price on shares of Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a research report on Tuesday, May 12th. Finally, UBS Group lifted their price target on shares of Simon Property Group from $199.00 to $222.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $216.14.

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.