Baird Financial Group Inc. Reduces Stock Position in Simon Property Group, Inc. $SPG

Baird Financial Group Inc. lessened its stake in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 21.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,096 shares of the real estate investment trust's stock after selling 8,356 shares during the quarter. Baird Financial Group Inc.'s holdings in Simon Property Group were worth $6,731,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Ancora Advisors LLC purchased a new stake in shares of Simon Property Group in the 2nd quarter valued at approximately $27,000. Osbon Capital Management LLC acquired a new position in Simon Property Group in the second quarter valued at approximately $32,000. Fiduciary Financial Advisors purchased a new position in Simon Property Group in the second quarter worth approximately $34,000. N.E.W. Advisory Services LLC increased its stake in Simon Property Group by 335.0% during the second quarter. N.E.W. Advisory Services LLC now owns 174 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 134 shares during the last quarter. Finally, WPG Advisers LLC increased its stake in 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 acquiring an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 93.01% of the company's stock.

Insider Buying and Selling

In other Simon Property Group news, Director Larry Glasscock purchased 397 shares of the company's stock in a transaction on Tuesday, June 30th. The stock was acquired at an average price of $223.38 per share, for a total transaction of $88,681.86. Following the completion of the purchase, the director directly owned 45,902 shares in the company, valued at approximately $10,253,588.76. The trade was a 0.87% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Glyn Aeppel acquired 243 shares of Simon Property Group stock in a transaction dated Tuesday, June 30th. The stock was bought at an average price of $223.36 per share, for a total transaction of $54,276.48. Following the completion of the purchase, the director owned 21,067 shares of the company's stock, valued at approximately $4,705,525.12. This represents a 1.17% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 2,387 shares of company stock worth $533,056 over the last three months. 8.73% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Weiss Ratings raised Simon Property Group from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Wednesday, August 12th. Wolfe Research downgraded Simon Property Group from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, June 30th. JPMorgan Chase & Co. boosted their price objective on shares of Simon Property Group from $210.00 to $217.00 and gave the company a "neutral" rating in a report on Monday, June 1st. Scotiabank upped their target price on shares of Simon Property Group from $220.00 to $222.00 and gave the company a "sector perform" rating in a research report on Thursday, August 20th. Finally, UBS Group increased their target price on shares of Simon Property Group from $199.00 to $222.00 and gave the stock a "neutral" rating in a research note on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, Simon Property Group presently has a consensus rating of "Hold" and an average price target of $228.43.

Simon Property Group Stock Performance

Shares of Simon Property Group stock opened at $204.91 on Tuesday. The business has a 50-day moving average of $220.34 and a 200 day moving average of $208.82. Simon Property Group, Inc. has a 12 month low of $172.19 and a 12 month high of $238.50. The stock has a market capitalization of $66.30 billion, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 3.09 and a beta of 1.28. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.05 and a quick ratio of 1.05.

Simon Property Group (NYSE:SPG - Get Free Report) last issued its quarterly 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 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% on a year-over-year basis. During the same quarter last year, the company earned $1.70 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. As a group, sell-side analysts forecast that Simon Property Group, Inc. will post 13.2 earnings per share for the current year.

Simon Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be issued a dividend of $2.25 per share. The ex-dividend date is Wednesday, September 9th. This represents a $9.00 dividend on an annualized basis and a yield of 4.4%. Simon Property Group's dividend payout ratio is 63.47%.

Simon Property Group Profile

Simon Property Group, Inc is a self-administered and self-managed real estate investment trust that owns, develops and operates premier shopping, dining, entertainment and mixed-use destinations. Its portfolio includes regional malls, premium outlet centers and The Mills properties, serving consumers and retail tenants through a range of high-quality commercial properties.

The company generates revenue primarily by leasing retail and commercial space to national, regional and local retailers, restaurants and other businesses.

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