Whittier Trust Co. of Nevada Inc. Sells 37,538 Shares of Simon Property Group, Inc. $SPG

Whittier Trust Co. of Nevada Inc. cut its holdings in Simon Property Group, Inc. (NYSE:SPG) by 95.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,941 shares of the real estate investment trust’s stock after selling 37,538 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Simon Property Group were worth $369,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its holdings in shares of Simon Property Group by 634.5% during the 3rd quarter. Wellington Management Group LLP now owns 7,370,089 shares of the real estate investment trust’s stock valued at $1,383,145,000 after purchasing an additional 6,366,711 shares in the last quarter. Norges Bank bought a new stake in Simon Property Group in the fourth quarter worth $1,112,111,000. Capital World Investors boosted its holdings in Simon Property Group by 45.0% in the third quarter. Capital World Investors now owns 8,384,133 shares of the real estate investment trust’s stock worth $1,573,450,000 after purchasing an additional 2,600,508 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Simon Property Group by 1,329.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 468,497 shares of the real estate investment trust’s stock worth $86,723,000 after buying an additional 435,721 shares during the last quarter. Finally, Bbfit Investments PTE Ltd. acquired a new position in Simon Property Group during the fourth quarter worth $80,060,000. 93.01% of the stock is owned by institutional investors.

Insider Transactions at Simon Property Group

In other Simon Property Group news, Director Reuben S. Leibowitz acquired 508 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was bought at an average price of $223.38 per share, for a total transaction of $113,477.04. Following the purchase, the director owned 55,797 shares in the company, valued at $12,463,933.86. This represents a 0.92% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Glyn Aeppel acquired 243 shares of Simon Property Group stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average cost of $223.36 per share, with a total value of $54,276.48. Following the completion of the acquisition, the director directly owned 21,067 shares in the company, valued at $4,705,525.12. This trade represents a 1.17% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 2,387 shares of company stock valued at $533,056 over the last 90 days. Corporate insiders own 8.73% of the company’s stock.

Simon Property Group Stock Up 1.1%

SPG stock opened at $227.37 on Wednesday. Simon Property Group, Inc. has a twelve month low of $159.33 and a twelve month high of $229.59. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 4.68. The company has a market cap of $73.73 billion, a PE ratio of 15.80, a price-to-earnings-growth ratio of 4.07 and a beta of 1.29. The business’s 50-day simple moving average is $210.26 and its 200 day simple moving average is $198.26.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 EPS for the quarter, beating the consensus estimate of $1.46 by $0.02. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the prior year, the firm posted $2.95 EPS. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. On average, research analysts anticipate that Simon Property Group, Inc. will post 13.21 earnings per share for the current year.

Simon Property Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were paid a $2.25 dividend. The ex-dividend date was Tuesday, June 9th. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.0%. Simon Property Group’s dividend payout ratio is currently 62.54%.

Analyst Ratings Changes

A number of analysts have weighed in on SPG shares. Scotiabank boosted their price target on Simon Property Group from $206.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 18th. UBS Group set a $220.00 target price on Simon Property Group in a research report on Thursday, June 18th. Bank of America increased their price target on Simon Property Group from $225.00 to $236.00 and gave the company a “buy” rating in a report on Monday, June 29th. JPMorgan Chase & Co. boosted their price objective on shares of Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a research note on Monday, June 1st. Finally, Barclays raised their target price on shares of Simon Property Group from $212.00 to $213.00 and gave the company an “equal weight” rating in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $211.93.

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.