Evolve Private Wealth LLC Acquires Shares of 12,750 Simon Property Group, Inc. $SPG

Evolve Private Wealth LLC bought a new position in Simon Property Group, Inc. (NYSE:SPG) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,750 shares of the real estate investment trust’s stock, valued at approximately $2,852,000.

A number of other large investors have also recently made changes to their positions in SPG. Vanguard Group Inc. increased its stake in Simon Property Group by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 46,969,966 shares of the real estate investment trust’s stock worth $8,694,610,000 after buying an additional 286,464 shares during the period. BlackRock Inc. lifted its stake in 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 during the period. State Street Corp boosted its stake in shares of Simon Property Group by 1.5% during the third 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 lifted its holdings in Simon Property Group by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 10,572,677 shares of the real estate investment trust’s stock worth $1,950,967,000 after buying an additional 363,337 shares during the period. Finally, Capital World Investors boosted its position in Simon Property Group by 2.7% during the 4th quarter. Capital World Investors now owns 8,610,404 shares of the real estate investment trust’s stock valued at $1,593,872,000 after acquiring an additional 226,271 shares in the last quarter. 93.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SPG has been the subject of a number of analyst reports. Stifel Nicolaus upped their price objective on Simon Property Group from $194.00 to $209.00 and gave the stock a “hold” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. raised 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. UBS Group boosted their price objective on shares of Simon Property Group from $199.00 to $222.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Morgan Stanley increased their target price 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. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of 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. Two research 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $223.00.

Simon Property Group Price Performance

NYSE SPG opened at $218.52 on Friday. The company has a market cap of $70.70 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 2.72 and a beta of 1.30. 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 stock’s fifty day moving average price is $223.06 and its 200 day moving average price is $207.13. 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 posted its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.15). The firm had revenue of $1.79 billion for 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 revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.70 EPS. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. As a group, equities research analysts forecast that Simon Property Group, Inc. will post 13.2 earnings per share for the current year.

Simon Property Group Announces Dividend

The company 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 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 currently 63.47%.

Insider Buying and Selling

In other Simon Property Group news, Director Daniel C. Smith acquired 372 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average cost of $223.31 per share, with a total value of $83,071.32. Following the acquisition, the director directly owned 34,480 shares of the company’s stock, valued at approximately $7,699,728.80. The trade was a 1.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Reuben S. Leibowitz acquired 508 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average price of $223.38 per share, for a total transaction of $113,477.04. Following the purchase, the director directly owned 55,797 shares of the company’s stock, valued at approximately $12,463,933.86. This trade represents a 0.92% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 2,387 shares of company stock worth $533,056 in the last quarter. 8.73% of the stock is currently owned by corporate insiders.

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.