Corient Private Wealth LP Grows Position in Simon Property Group, Inc. $SPG

Corient Private Wealth LP lifted its position in Simon Property Group, Inc. (NYSE:SPG) by 74.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 92,273 shares of the real estate investment trust’s stock after purchasing an additional 39,245 shares during the period. Corient Private Wealth LP’s holdings in Simon Property Group were worth $20,636,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in Simon Property Group in the 4th quarter worth $295,000. Marshall Wace LLP grew its stake in shares of Simon Property Group by 316.2% in the second quarter. Marshall Wace LLP now owns 19,787 shares of the real estate investment trust’s stock worth $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% during the 2nd quarter. Jump Financial LLC now owns 16,881 shares of the real estate investment trust’s stock valued at $2,714,000 after purchasing an additional 7,506 shares during the period. Cerity Partners LLC raised its position in 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 valued at $5,745,000 after purchasing an additional 598 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of Simon Property Group by 13.4% in the 2nd quarter. NewEdge Advisors LLC now owns 28,444 shares of the real estate investment trust’s stock worth $4,573,000 after buying an additional 3,372 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Daniel C. Smith acquired 372 shares of Simon Property Group stock in a transaction that occurred on 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 transaction, the director directly owned 34,480 shares in the company, valued at approximately $7,699,728.80. This represents a 1.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Glyn Aeppel acquired 243 shares of the stock in a transaction on Tuesday, June 30th. The shares were bought at an average price of $223.36 per share, with a total value of $54,276.48. Following the purchase, the director directly owned 21,067 shares of the company’s stock, valued at $4,705,525.12. The trade was a 1.17% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders bought 2,387 shares of company stock valued at $533,056. 8.73% of the stock is currently owned by insiders.

Simon Property Group Stock Down 0.1%

Shares of Simon Property Group 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 company has a 50-day moving average of $223.52 and a 200 day moving average of $207.92. The firm has a market cap of $69.45 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 2.68 and a beta of 1.30. Simon Property Group, Inc. has a 1 year low of $172.19 and a 1 year high of $238.50.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.15). Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period last year, the business earned $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, sell-side analysts anticipate that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th will be issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Wednesday, September 9th. Simon Property Group’s dividend payout ratio (DPR) is presently 63.47%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SPG shares. Stifel Nicolaus upped their target price on Simon Property Group from $194.00 to $209.00 and gave the company a “hold” rating in a report on Tuesday, August 11th. Wolfe Research lowered shares of Simon Property Group from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 30th. JPMorgan Chase & Co. lifted their target price on shares of Simon Property Group from $210.00 to $217.00 and gave the company a “neutral” rating in a research note on Monday, June 1st. Barclays increased their price target on shares of Simon Property Group from $213.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Monday, August 17th. Finally, Truist Financial lifted their price objective on Simon Property Group from $196.00 to $215.00 and gave the company a “hold” rating in a research report on Tuesday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, Simon Property Group has a consensus rating of “Hold” and an average target price of $225.27.

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.