Empowered Funds LLC Cuts Position in Simon Property Group, Inc. $SPG

Empowered Funds LLC lowered its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 10.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 88,615 shares of the real estate investment trust’s stock after selling 10,631 shares during the quarter. Empowered Funds LLC’s holdings in Simon Property Group were worth $19,819,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of SPG. BlackRock Inc. increased its position in shares of Simon Property Group by 1.2% in 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 acquiring an additional 455,543 shares in the last quarter. State Street Corp increased its holdings in Simon Property Group by 1.5% in the 3rd quarter. State Street Corp now owns 21,765,492 shares of the real estate investment trust’s stock valued at $4,084,730,000 after purchasing an additional 312,995 shares in the last quarter. Geode Capital Management LLC raised its position in Simon Property Group by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 10,572,677 shares of the real estate investment trust’s stock valued at $1,950,967,000 after purchasing an additional 363,337 shares during the period. Capital World Investors lifted its stake in shares of Simon Property Group by 2.7% during the fourth quarter. Capital World Investors now owns 8,610,404 shares of the real estate investment trust’s stock worth $1,593,872,000 after purchasing an additional 226,271 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of 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 buying an additional 491,519 shares during the period. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Simon Property Group Stock Down 1.0%

Shares of NYSE:SPG opened at $214.84 on Friday. The company’s fifty day moving average is $223.46 and its two-hundred day moving average is $207.87. The company has a debt-to-equity ratio of 5.19, a quick ratio of 1.05 and a current ratio of 1.05. Simon Property Group, Inc. has a 1-year low of $172.19 and a 1-year high of $238.50. The stock has a market capitalization of $69.51 billion, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 2.70 and a beta of 1.30.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data 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). The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. Simon Property Group’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.70 EPS. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Equities analysts anticipate that Simon Property Group, Inc. will post 13.2 EPS for the current year.

Simon Property Group Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently commented on SPG shares. Citigroup boosted their price target on Simon Property Group from $205.00 to $230.00 and gave the stock a “neutral” rating in a research report on Monday, August 17th. Bank of America upped their target price on shares of Simon Property Group from $225.00 to $236.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Morgan Stanley upped their price objective on shares of Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft downgraded Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 target price for the company. in a research note on Thursday, July 9th. Finally, Scotiabank increased their price target on Simon Property Group from $220.00 to $222.00 and gave the company a “sector perform” rating in a report on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $225.27.

Insiders Place Their Bets

In related news, Director Marta R. Stewart acquired 182 shares of Simon Property Group stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average price of $223.16 per share, for a total transaction of $40,615.12. Following the transaction, the director directly owned 18,000 shares of the company’s stock, valued at $4,016,880. This trade represents a 1.02% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Glyn Aeppel acquired 243 shares of the stock in a transaction that occurred 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 completion of the purchase, the director owned 21,067 shares in the company, valued at $4,705,525.12. The trade was a 1.17% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have purchased 2,387 shares of company stock worth $533,056. 8.73% of the stock is currently owned by 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.