one8zero8 LLC Makes New $1.39 Million Investment in Simon Property Group, Inc. $SPG

one8zero8 LLC purchased a new stake in Simon Property Group, Inc. (NYSE:SPG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,224 shares of the real estate investment trust’s stock, valued at approximately $1,392,000.

A number of other hedge funds also recently made changes to their positions in SPG. Norges Bank bought a new position in shares of Simon Property Group during the 4th quarter worth about $1,112,111,000. Wellington Management Group LLP raised its position in Simon Property Group by 7.7% in the fourth quarter. Wellington Management Group LLP now owns 7,939,861 shares of the real estate investment trust’s stock worth $1,469,748,000 after purchasing an additional 569,772 shares in the last quarter. Bank of America Corp DE raised its position in Simon Property Group by 6.1% in the first quarter. Bank of America Corp DE now owns 8,503,133 shares of the real estate investment trust’s stock worth $1,586,089,000 after purchasing an additional 491,519 shares in the last quarter. Cardano Risk Management B.V. bought a new position in Simon Property Group during the second quarter worth about $104,281,000. Finally, BlackRock Inc. lifted its stake in Simon Property Group by 1.2% during the second quarter. BlackRock Inc. now owns 37,269,192 shares of the real estate investment trust’s stock worth $8,335,255,000 after purchasing an additional 455,543 shares during the period. Institutional investors and hedge funds own 93.01% of the company’s stock.

Simon Property Group Stock Up 1.2%

Shares of NYSE:SPG opened at $223.20 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.19. The firm has a market cap of $72.22 billion, a P/E ratio of 15.74, a P/E/G ratio of 2.75 and a beta of 1.30. Simon Property Group, Inc. has a 12 month low of $172.19 and a 12 month high of $238.50. The company’s 50-day moving average price is $222.96 and its two-hundred day moving average price is $206.84.

Simon Property Group (NYSE:SPG) last announced its 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 company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the firm posted $1.70 earnings per share. The company’s revenue 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. As a group, research analysts forecast that Simon Property Group, Inc. will post 13.2 EPS 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 given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 4.0%. The ex-dividend date is Wednesday, September 9th. Simon Property Group’s payout ratio is 63.47%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Scotiabank upped their price objective on Simon Property Group from $206.00 to $220.00 and gave the company a “sector perform” rating in a research note on Thursday, June 18th. Stifel Nicolaus upped their target price on shares of Simon Property Group from $194.00 to $209.00 and gave the stock a “hold” rating in a report on Tuesday, August 11th. 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 report on Monday. 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 report on Tuesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft cut shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price objective on the stock. in a research note on Thursday, July 9th. Two equities research 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $222.87.

Insider Transactions at Simon Property Group

In other news, Director Gary M. Rodkin bought 256 shares of the stock in a transaction dated Tuesday, June 30th. The stock was bought at an average cost of $223.34 per share, with a total value of $57,175.04. Following the purchase, the director owned 21,016 shares of the company’s stock, valued at approximately $4,693,713.44. This represents a 1.23% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Glyn Aeppel bought 243 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were 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 of the company’s stock, valued at $4,705,525.12. The trade was a 1.17% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 2,387 shares of company stock worth $533,056 over the last ninety days. 8.73% of the stock is currently owned by 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.