15,116 Shares in Simon Property Group, Inc. $SPG Acquired by Man Group plc

Key Points

• Man Group plc acquired 15,116 shares of Simon Property Group in the second quarter, worth approximately $3.38 million. Institutional investors collectively own 93.01% of SPG.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $225.27; targets range from $215 to $236.
• Simon Property Group reported quarterly revenue of $1.79 billion, up 19.5% year over year, but earnings per share of $1.49 missed estimates. The company declared a quarterly dividend of $2.25 per share, representing a 4.2% annualized yield.

Man Group plc bought a new position in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 15,116 shares of the real estate investment trust's stock, valued at approximately $3,381,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Stance Capital LLC acquired a new stake in shares of Simon Property Group during the third quarter worth $26,000. Ancora Advisors LLC acquired a new position in Simon Property Group in the 2nd quarter worth $27,000. Wilkerson Advisory Group LLC acquired a new position in Simon Property Group in the 4th quarter worth $29,000. Osbon Capital Management LLC bought a new position in Simon Property Group during the 2nd quarter worth about $32,000. Finally, SHP Wealth Management bought a new position in Simon Property Group during the 4th quarter worth about $34,000. Institutional investors own 93.01% of the company's stock.

Insider Buying and Selling at Simon Property Group

In other news, Director Daniel C. Smith acquired 372 shares of the firm's stock in a transaction dated Tuesday, June 30th. The stock was bought at an average price of $223.31 per share, with a total value of $83,071.32. Following the transaction, the director directly owned 34,480 shares in the company, valued at approximately $7,699,728.80. The trade was a 1.09% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Reuben S. Leibowitz acquired 508 shares of the stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average price of $223.38 per share, for a total transaction of $113,477.04. Following the completion of the purchase, the director directly owned 55,797 shares in the company, valued at $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. Insiders acquired 2,387 shares of company stock valued at $533,056 in the last 90 days. Company insiders own 8.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SPG. Barclays lifted their price target on Simon Property Group from $213.00 to $215.00 and gave the company an "equal weight" rating in a research note on Monday, August 17th. Jefferies Financial Group raised Simon Property Group to a "strong-buy" rating in a research report on Friday, June 26th. Wolfe Research downgraded Simon Property Group from an "outperform" rating to a "peer perform" rating in a report on Tuesday, June 30th. Truist Financial lifted their target price on Simon Property Group from $196.00 to $215.00 and gave the company a "hold" rating in a research report on Tuesday, June 23rd. Finally, Bank of America boosted their target price on Simon Property Group from $225.00 to $236.00 and gave the company a "buy" rating in a research note on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, Simon Property Group currently has a consensus rating of "Hold" and an average target price of $225.27.

Simon Property Group Stock Performance

Shares of NYSE SPG opened at $212.38 on Tuesday. The company has a debt-to-equity ratio of 5.19, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a 50 day moving average price of $223.48 and a 200 day moving average price of $208.11. The stock has a market capitalization of $68.72 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 2.69 and a beta of 1.30. Simon Property Group, Inc. has a 52 week low of $172.19 and a 52 week 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 the consensus estimate of $1.64 by ($0.15). Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the firm earned $1.70 EPS. The firm's revenue for the quarter was up 19.5% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Analysts predict that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

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 issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Wednesday, September 9th. Simon Property Group's payout ratio is presently 63.47%.

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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