Wellington Management Group LLP Grows Stock Position in Simon Property Group, Inc. $SPG

Wellington Management Group LLP boosted its holdings in Simon Property Group, Inc. (NYSE:SPG) by 2.7% during the second quarter, Holdings Channel reports. The institutional investor owned 9,390,325 shares of the real estate investment trust’s stock after buying an additional 242,709 shares during the period. Wellington Management Group LLP’s holdings in Simon Property Group were worth $2,100,146,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ancora Advisors LLC purchased a new position in shares of Simon Property Group during the 2nd quarter worth about $27,000. Stance Capital LLC purchased a new stake in Simon Property Group in the third quarter valued at approximately $26,000. Osbon Capital Management LLC purchased a new stake in Simon Property Group in the second quarter valued at approximately $32,000. Fiduciary Financial Advisors acquired a new position in Simon Property Group during the second quarter worth approximately $34,000. Finally, Wilkerson Advisory Group LLC acquired a new position in Simon Property Group during the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Simon Property Group Stock Down 0.1%

SPG opened at $214.65 on Friday. Simon Property Group, Inc. has a 1 year low of $172.19 and a 1 year high of $238.50. The firm has a 50 day moving average price of $223.52 and a 200 day moving average price of $207.92. The company has a debt-to-equity ratio of 5.19, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $69.45 billion, a PE ratio of 15.14, a price-to-earnings-growth ratio of 2.68 and a beta of 1.30.

Simon Property Group (NYSE:SPG) last announced its quarterly 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 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 analyst estimates of $1.61 billion. During the same period last year, the firm earned $1.70 earnings per share. The company’s quarterly 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. Sell-side analysts expect that Simon Property Group, Inc. will post 13.2 earnings per share for the current 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 paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, September 9th. Simon Property Group’s dividend payout ratio (DPR) is currently 63.47%.

Insider Buying and Selling at Simon Property Group

In other Simon Property Group news, Director Gary M. Rodkin bought 256 shares of Simon Property Group stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average price of $223.34 per share, for a total transaction of $57,175.04. Following the acquisition, the director owned 21,016 shares of the company’s stock, valued at $4,693,713.44. The trade was a 1.23% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Larry C. Glasscock purchased 397 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average cost of $223.38 per share, with a total value of $88,681.86. Following the completion of the transaction, the director owned 45,902 shares in the company, valued at $10,253,588.76. This trade represents a 0.87% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have acquired 2,387 shares of company stock worth $533,056. Corporate insiders own 8.73% of the company’s stock.

Wall Street Analysts Forecast Growth

SPG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Simon Property Group from $210.00 to $217.00 and gave the company a “neutral” rating in a report on Monday, June 1st. Scotiabank upped their price objective on Simon Property Group from $220.00 to $222.00 and gave the stock a “sector perform” rating in a report on Thursday, August 20th. LADENBURG THALM/SH SH upped their price objective on Simon Property Group from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft lowered Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 target price on the stock. in a research report on Thursday, July 9th. Finally, Piper Sandler lifted their target price on Simon Property Group from $230.00 to $285.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $225.27.

Simon Property Group Company 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.