Cullen Capital Management LLC Acquires New Holdings in Simon Property Group, Inc. $SPG

Cullen Capital Management LLC bought a new stake in shares of Simon Property Group, Inc. (NYSE:SPG) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 9,821 shares of the real estate investment trust’s stock, valued at approximately $2,196,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Danske Bank A S grew its holdings in Simon Property Group by 11.1% during the 4th quarter. Danske Bank A S now owns 193,946 shares of the real estate investment trust’s stock valued at $35,901,000 after buying an additional 19,300 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Simon Property Group by 3.3% in 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 acquiring an additional 122,186 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Simon Property Group by 3.5% in 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 in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Simon Property Group by 1,329.4% in 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 in the last quarter. Finally, L & S Advisors Inc acquired a new stake in shares of Simon Property Group during the fourth quarter valued at $4,058,000. Institutional investors and hedge funds own 93.01% of the company’s stock.

Simon Property Group Stock Performance

NYSE SPG opened at $220.66 on Tuesday. The business’s 50-day moving average price is $223.18 and its 200 day moving average price is $207.46. Simon Property Group, Inc. has a twelve month low of $172.19 and a twelve month high of $238.50. The company has a market capitalization of $71.40 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 2.72 and a beta of 1.30. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 5.19.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $1.49 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.15). The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.70 EPS. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. On average, research analysts predict that Simon Property Group, Inc. will post 13.2 earnings per share for the current year.

Simon Property Group Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $9.00 annualized dividend and a dividend yield of 4.1%. Simon Property Group’s dividend payout ratio (DPR) is currently 63.47%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SPG shares. Evercore set a $215.00 price objective on Simon Property Group in a research report on Tuesday, July 7th. Jefferies Financial Group upgraded shares of Simon Property Group to a “strong-buy” rating in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft downgraded shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price target for the company. in a report on Thursday, July 9th. Citigroup upped their price objective on shares of Simon Property Group from $205.00 to $230.00 and gave the company a “neutral” rating in a research note on Monday, August 17th. Finally, Wolfe Research lowered shares of Simon Property Group from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, June 30th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $223.00.

Insiders Place Their Bets

In related news, Director Daniel C. Smith purchased 372 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were bought at an average price of $223.31 per share, with a total value of $83,071.32. Following the completion of the purchase, the director directly owned 34,480 shares in the company, valued at approximately $7,699,728.80. This trade represents a 1.09% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Marta R. Stewart purchased 182 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were bought at an average cost of $223.16 per share, for a total transaction of $40,615.12. Following the purchase, the director owned 18,000 shares of the company’s stock, valued at $4,016,880. This trade represents a 1.02% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders acquired 2,387 shares of company stock valued at $533,056. 8.73% of the stock is currently owned by corporate insiders.

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.