Amundi Trims Stake in Simon Property Group, Inc. $SPG

Key Points

• Amundi cut its Simon Property Group stake by 32.9% in the second quarter, selling 654,903 shares and retaining 1.34 million shares worth approximately $298.8 million. Institutional investors collectively own 93.01% of SPG.
• Analysts remain broadly neutral, with a consensus “Hold” rating and an average price target of $228.14. Recent target increases ranged from $215 to $236, while Bank of America maintained a “Buy” rating.
• Simon Property Group reported quarterly revenue of $1.79 billion, up 19.5% year over year, but EPS of $1.49 missed estimates. The company declared a quarterly dividend of $2.25, or $9.00 annually, representing a 4.3% yield.

Amundi reduced its stake in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 32.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,335,838 shares of the real estate investment trust's stock after selling 654,903 shares during the quarter. Amundi owned approximately 0.41% of Simon Property Group worth $298,764,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. PFG Investments LLC grew its holdings in 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 purchasing an additional 50 shares during the period. Great Valley Advisor Group Inc. raised 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 worth $437,000 after purchasing an additional 52 shares during the period. WPG Advisers LLC boosted its position in shares of Simon Property Group by 40.3% during the second quarter. WPG Advisers LLC now owns 181 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 52 shares in the last quarter. Veridan Wealth LLC grew its holdings in shares of Simon Property Group by 1.2% in the 4th quarter. Veridan Wealth LLC now owns 4,563 shares of the real estate investment trust's stock valued at $845,000 after buying an additional 53 shares during the period. Finally, CYBER HORNET ETFs LLC grew its holdings in shares of 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 buying an additional 55 shares during the period. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Simon Property Group news, Director Daniel Smith bought 372 shares of Simon Property Group stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average price of $223.31 per share, for a total transaction of $83,071.32. Following the completion of the acquisition, the director owned 34,480 shares of the company's stock, valued at $7,699,728.80. This trade represents a 1.09% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Gary Rodkin bought 256 shares of the firm's stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average cost 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 $4,693,713.44. This represents a 1.23% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 2,387 shares of company stock valued at $533,056 over the last 90 days. 8.73% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SPG. Mizuho raised their price objective on Simon Property Group from $211.00 to $226.00 and gave the stock a "neutral" rating in a research note on Thursday, August 27th. UBS Group boosted their target price on Simon Property Group from $199.00 to $222.00 and gave the company a "neutral" rating in a research note on Thursday, July 9th. Truist Financial increased 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. Scotiabank raised their price target on Simon Property Group from $220.00 to $222.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 20th. Finally, Bank of America lifted their price objective on Simon Property Group from $225.00 to $236.00 and gave the company a "buy" rating in a report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and twelve have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $228.14.

Simon Property Group Trading Up 0.0%

SPG opened at $209.49 on Tuesday. The stock has a market capitalization of $67.78 billion, a P/E ratio of 14.77, a P/E/G ratio of 3.16 and a beta of 1.28. 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. The firm's fifty day simple moving average is $222.17 and its 200 day simple moving average is $208.60.

Simon Property Group (NYSE:SPG - Get Free Report) last released its earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.64 by ($0.15). The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.Simon Property Group's revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the company posted $1.70 EPS. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. As a group, research analysts anticipate that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal year.

Simon Property Group Dividend Announcement

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 4.3%. Simon Property Group's dividend payout ratio (DPR) is 63.47%.

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.

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