Russell Investments Group Ltd. Raises Stake in Simon Property Group, Inc. $SPG

Russell Investments Group Ltd. boosted its stake in Simon Property Group, Inc. (NYSE:SPG) by 2.8% in the 2nd quarter, Holdings Channel reports. The firm owned 957,972 shares of the real estate investment trust’s stock after acquiring an additional 26,476 shares during the quarter. Russell Investments Group Ltd.’s holdings in Simon Property Group were worth $214,513,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SPG. 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 buying an additional 50 shares during the period. WPG Advisers LLC lifted its holdings in shares of Simon Property Group by 40.3% in the second quarter. WPG Advisers LLC now owns 181 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 52 shares in the last quarter. Great Valley Advisor Group Inc. boosted its position in shares of Simon Property Group by 2.3% in the fourth quarter. Great Valley Advisor Group Inc. now owns 2,360 shares of the real estate investment trust’s stock valued at $437,000 after acquiring an additional 52 shares during the period. Veridan Wealth LLC boosted its position in shares of Simon Property Group by 1.2% in the fourth quarter. Veridan Wealth LLC now owns 4,563 shares of the real estate investment trust’s stock valued at $845,000 after acquiring an additional 53 shares during the period. Finally, CYBER HORNET ETFs LLC boosted its position in shares of Simon Property Group by 6.2% in the fourth quarter. CYBER HORNET ETFs LLC now owns 936 shares of the real estate investment trust’s stock valued at $173,000 after acquiring an additional 55 shares during the period. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Insiders Place Their Bets

In related news, Director Larry C. Glasscock purchased 397 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average price of $223.38 per share, with a total value of $88,681.86. Following the acquisition, the director directly owned 45,902 shares of the company’s stock, valued at approximately $10,253,588.76. This represents a 0.87% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Reuben S. Leibowitz purchased 508 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was bought at an average cost of $223.38 per share, for a total transaction of $113,477.04. Following the acquisition, the director directly owned 55,797 shares in the company, valued at approximately $12,463,933.86. The trade was a 0.92% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have bought 2,387 shares of company stock worth $533,056. 8.73% of the stock is owned by corporate insiders.

Simon Property Group Stock Performance

Shares of SPG opened at $219.34 on Friday. The company has a market cap of $71.13 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 2.84 and a beta of 1.30. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 5.19. The stock has a 50-day moving average price of $222.30 and a 200-day moving average price of $205.94. Simon Property Group, Inc. has a 12-month low of $171.22 and a 12-month high of $238.50.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data 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). The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period 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 analysts forecast 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 paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, September 9th. Simon Property Group’s payout ratio is currently 63.47%.

Analyst Ratings Changes

A number of research firms recently weighed in on SPG. JPMorgan Chase & Co. upped their target price on shares of Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a report on Monday, June 1st. Stifel Nicolaus raised their price target on shares of Simon Property Group from $194.00 to $209.00 and gave the company a “hold” rating in a report on Tuesday. Morgan Stanley raised their price target on shares of Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a report on Tuesday, June 9th. Wolfe Research lowered shares of Simon Property Group from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, June 30th. Finally, Scotiabank upped their price target on shares of Simon Property Group from $206.00 to $220.00 and gave the stock a “sector perform” rating in a report on Thursday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, Simon Property Group presently has a consensus rating of “Hold” and a consensus price target 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.