Massachusetts Financial Services Co. MA Trims Stock Holdings in Simon Property Group, Inc. $SPG

Massachusetts Financial Services Co. MA lowered its stake in Simon Property Group, Inc. (NYSE:SPG) by 5.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 923,713 shares of the real estate investment trust’s stock after selling 48,791 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Simon Property Group were worth $221,012,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. PFG Investments LLC increased its position in shares of Simon Property Group by 2.2% during the first quarter. PFG Investments LLC now owns 2,341 shares of the real estate investment trust’s stock valued at $437,000 after acquiring an additional 50 shares during the last quarter. Great Valley Advisor Group Inc. lifted its holdings in shares of Simon Property Group by 2.3% in the 4th quarter. Great Valley Advisor Group Inc. now owns 2,360 shares of the real estate investment trust’s stock worth $437,000 after acquiring an additional 52 shares during the last quarter. Veridan Wealth LLC boosted its position in shares of Simon Property Group by 1.2% during the 4th quarter. Veridan Wealth LLC now owns 4,563 shares of the real estate investment trust’s stock worth $845,000 after purchasing an additional 53 shares during the period. CYBER HORNET ETFs LLC increased its holdings in Simon Property Group by 6.2% in the 4th quarter. CYBER HORNET ETFs LLC now owns 936 shares of the real estate investment trust’s stock valued at $173,000 after purchasing an additional 55 shares during the last quarter. Finally, Centaurus Financial Inc. raised its position in Simon Property Group by 5.4% in the first quarter. Centaurus Financial Inc. now owns 1,089 shares of the real estate investment trust’s stock valued at $203,000 after purchasing an additional 56 shares during the period. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Insider Activity at Simon Property Group

In related news, Director Marta R. Stewart acquired 182 shares of the firm’s stock in a transaction dated 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 purchase, the director owned 18,000 shares of the company’s stock, valued at $4,016,880. This represents a 1.02% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel C. Smith acquired 372 shares of the stock in a transaction dated Tuesday, June 30th. The shares were bought at an average cost of $223.31 per share, with a total value of $83,071.32. Following the completion of the transaction, the director owned 34,480 shares of the company’s stock, valued at approximately $7,699,728.80. This represents a 1.09% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 2,387 shares of company stock worth $533,056 over the last quarter. 8.73% of the stock is currently owned by insiders.

Simon Property Group Stock Performance

NYSE:SPG opened at $219.34 on Friday. The company has a fifty day simple moving average of $222.30 and a two-hundred day simple moving average of $205.94. The company has a market cap of $71.13 billion, a price-to-earnings ratio of 15.47, a price-to-earnings-growth ratio of 2.86 and a beta of 1.30. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 5.19. Simon Property Group, Inc. has a 52 week low of $171.22 and a 52 week high of $238.50.

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 (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.15). The company had revenue of $1.79 billion during the quarter, compared to analyst estimates 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 was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.70 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. As a group, equities analysts anticipate that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

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 dividend of $2.25 per share. The ex-dividend date is Wednesday, September 9th. This represents a $9.00 annualized dividend and a yield of 4.1%. Simon Property Group’s dividend payout ratio is 63.47%.

Analyst Ratings Changes

SPG has been the topic of a number of research reports. Morgan Stanley upped their price target on Simon Property Group from $205.00 to $207.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 9th. UBS Group boosted their price objective on Simon Property Group from $199.00 to $222.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Stifel Nicolaus boosted their price objective on Simon Property Group from $194.00 to $209.00 and gave the company a “hold” rating in a report on Tuesday. Truist Financial raised their target price on Simon Property Group from $196.00 to $215.00 and gave the company a “hold” rating in a report on Tuesday, June 23rd. Finally, Wolfe Research lowered shares of Simon Property Group from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $221.07.

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.