Handelsbanken Fonder AB Acquires 21,341 Shares of Simon Property Group, Inc. $SPG

Handelsbanken Fonder AB lifted its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 13.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 177,714 shares of the real estate investment trust’s stock after buying an additional 21,341 shares during the period. Handelsbanken Fonder AB’s holdings in Simon Property Group were worth $39,746,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SPG. Stance Capital LLC acquired a new stake in shares of Simon Property Group in the 3rd quarter valued at $26,000. Wilkerson Advisory Group LLC acquired a new position in Simon Property Group during the fourth quarter worth $29,000. SHP Wealth Management acquired a new position in Simon Property Group during the fourth quarter worth $34,000. Dynamic Wealth Strategies LLC raised its holdings in Simon Property Group by 195.8% during the first quarter. Dynamic Wealth Strategies LLC now owns 210 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 139 shares in the last quarter. Finally, MV Capital Management Inc. bought a new position in Simon Property Group during the fourth quarter valued at about $46,000. Institutional investors own 93.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SPG. Barclays upped their price target on Simon Property Group from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. Piper Sandler raised their price objective on Simon Property Group from $230.00 to $285.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Wolfe Research lowered Simon Property Group from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 30th. Stifel Nicolaus boosted their target price on Simon Property Group from $194.00 to $209.00 and gave the stock a “hold” rating in a report on Tuesday. Finally, LADENBURG THALM/SH SH upped their target price on Simon Property Group from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, Simon Property Group currently has an average rating of “Hold” and a consensus target price of $221.07.

Insider Activity at Simon Property Group

In related news, Director Daniel C. Smith acquired 372 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were bought at an average price of $223.31 per share, for a total transaction of $83,071.32. Following the acquisition, the director owned 34,480 shares in the company, valued at $7,699,728.80. This trade represents a 1.09% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary M. Rodkin acquired 256 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were bought at an average cost of $223.34 per share, with a total value of $57,175.04. Following the transaction, the director directly 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 disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have purchased 2,387 shares of company stock worth $533,056. Insiders own 8.73% of the company’s stock.

Simon Property Group News Summary

Here are the key news stories impacting Simon Property Group this week:

• Positive Sentiment: Q2 results exceeded expectations: Simon reported second-quarter 2026 funds from operations (FFO) of $3.29 per share, above the $3.18 consensus estimate and up from $3.05 a year earlier. Revenue rose approximately 19.5% year over year to $1.79 billion, topping forecasts. Simon Property Q2 FFO and Revenues Top Estimates
• Positive Sentiment: Leasing and retailer performance remained strong: Record leasing activity, higher retailer sales and 13.9% sales growth at its properties point to continued tenant demand and support future rent growth. Simon Property Group Q2 2026 Earnings Call Highlights
• Positive Sentiment: 2026 guidance was raised: Management increased its full-year real estate FFO-per-share outlook to $13.20-$13.30, modestly above the prior forecast, although the midpoint is close to the $13.21 analyst consensus. Simon Reports Second Quarter 2026 Results
• Positive Sentiment: Analyst sentiment improved: Ladenburg Thalmann raised its SPG price target from $250 to $275 and upgraded the stock to “Buy,” implying substantial upside based on the referenced price. Ladenburg Thalmann Raises Simon Property Price Target
• Positive Sentiment: Dividend supports income appeal: Simon declared a quarterly dividend of $2.25 per share, representing an annualized yield of roughly 4.1%.
• Neutral Sentiment: Saks closures could create an offsetting opportunity: Although Saks Global stopped paying $18 million in rent after vacating about one million square feet, Simon reportedly expects replacement leasing to generate more than twice that amount over time. Simon Poised to Gain Rent From Saks Closures
• Negative Sentiment: Reported GAAP earnings were weak: One data source indicated diluted EPS of $0.29 and a sharp decline in net income attributable to common shareholders, despite the strong FFO result. This discrepancy may have encouraged profit-taking and raised questions about one-time items and earnings quality. Simon Property Group Q2 Earnings Data
• Negative Sentiment: Guidance increase was limited: The updated outlook was only slightly above consensus, potentially disappointing investors looking for a larger upgrade following the quarterly beat. Ongoing mall, retailer and leverage risks also remain relevant for the highly leveraged REIT.

Simon Property Group Price Performance

Shares of NYSE:SPG opened at $219.61 on Wednesday. The company has a market cap of $71.22 billion, a price-to-earnings ratio of 15.49, a PEG ratio of 2.85 and a beta of 1.30. The business has a 50 day moving average price of $221.47 and a 200 day moving average price of $205.34. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 4.68. Simon Property Group, Inc. has a twelve month low of $165.37 and a twelve month 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 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.15). Simon Property Group had a return on equity of 91.46% and a net margin of 66.56%.The business 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 earned $1.70 earnings per share. The business’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. Research analysts predict that Simon Property Group, Inc. will post 13.21 earnings per share for the current year.

Simon Property Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be issued a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $9.00 dividend on an annualized basis and a yield of 4.1%. Simon Property Group’s dividend payout ratio is 63.47%.

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.