12,082 Shares in Simon Property Group, Inc. $SPG Acquired by Pasadena Private Wealth LLC

Key Points

• Pasadena Private Wealth LLC acquired 12,082 Simon Property Group shares worth approximately $2.7 million in the second quarter. Institutional investors collectively own 93.01% of SPG, while insiders own 8.73%.
• Simon Property Group reported quarterly revenue of $1.79 billion, up 19.5% year over year, but earnings per share of $1.49 fell short of the $1.64 analyst consensus. The company maintained fiscal 2026 EPS guidance of $13.20–$13.30.
• SPG declared a quarterly dividend of $2.25, equivalent to $9.00 annually and a 4.0% yield. Analysts maintain a consensus “Hold” rating with an average price target of $222.87, near the stock’s reported $223.20 opening price.

Pasadena Private Wealth LLC bought a new position in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 12,082 shares of the real estate investment trust's stock, valued at approximately $2,702,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. 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 worth $437,000 after acquiring an additional 50 shares during the period. WPG Advisers LLC boosted its holdings in 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 valued at $40,000 after purchasing an additional 52 shares during the period. Great Valley Advisor Group Inc. boosted its holdings in 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 purchasing an additional 52 shares during the period. Veridan Wealth LLC boosted its holdings in 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 purchasing an additional 53 shares during the period. Finally, CYBER HORNET ETFs LLC grew its stake in Simon Property Group by 6.2% during the 4th quarter. CYBER HORNET ETFs LLC now owns 936 shares of the real estate investment trust's stock worth $173,000 after purchasing an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 93.01% of the company's stock.

Insider Buying and Selling at Simon Property Group

In other Simon Property Group news, Director Gary M. Rodkin bought 256 shares of the business's stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average price of $223.34 per share, with a total value of $57,175.04. Following the transaction, the director owned 21,016 shares of the company's stock, valued at approximately $4,693,713.44. The trade was a 1.23% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Larry C. Glasscock bought 397 shares of the firm's stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average price of $223.38 per share, with a total value of $88,681.86. Following the purchase, the director owned 45,902 shares of the company's stock, valued at $10,253,588.76. The trade was a 0.87% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have acquired 2,387 shares of company stock worth $533,056. 8.73% of the stock is currently owned by corporate insiders.

Simon Property Group Stock Performance

Shares of SPG stock opened at $223.20 on Thursday. The company has a market cap of $72.22 billion, a P/E ratio of 15.74, a PEG ratio of 2.75 and a beta of 1.30. The firm has a fifty day moving average price of $222.96 and a 200 day moving average price of $206.84. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 5.19. Simon Property Group, Inc. has a 12 month low of $172.19 and a 12 month high of $238.50.

Simon Property Group (NYSE:SPG - Get Free Report) 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 analysts' consensus estimates of $1.64 by ($0.15). The business 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 quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.70 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Sell-side analysts predict that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th will be issued a $2.25 dividend. The ex-dividend date is Wednesday, September 9th. 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 presently 63.47%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Truist Financial upped their price target on Simon Property Group from $196.00 to $215.00 and gave the stock a "hold" rating in a report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft cut Simon Property Group from a "buy" rating to a "hold" rating and set a $220.00 price objective for the company. in a research note on Thursday, July 9th. Piper Sandler boosted their price objective on Simon Property Group from $230.00 to $285.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 21st. Citigroup upped their target price on shares of Simon Property Group from $205.00 to $230.00 and gave the stock a "neutral" rating in a research note on Monday. Finally, Bank of America raised their target price on shares of Simon Property Group from $225.00 to $236.00 and gave the company a "buy" rating in a report on Monday, June 29th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $222.87.

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.

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