Cardano Risk Management B.V. Makes New $104.28 Million Investment in Simon Property Group, Inc. $SPG

Key Points

• Cardano Risk Management B.V. acquired 466,269 Simon Property Group shares worth approximately $104.3 million, giving it a 0.14% stake. Institutional investors collectively own 93.01% of the REIT.
• Simon Property Group exceeded quarterly expectations, reporting $1.48 in EPS and $1.76 billion in revenue, up 19.3% year over year. Management provided fiscal 2026 EPS guidance of $13.10–$13.25.
• The company raised its quarterly dividend to $2.25 per share, or $9.00 annually, representing a 4.0% yield. Analysts maintain a consensus “Hold” rating with an average price target of $216.14.

Cardano Risk Management B.V. bought a new stake in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 466,269 shares of the real estate investment trust's stock, valued at approximately $104,281,000. Cardano Risk Management B.V. owned approximately 0.14% of Simon Property Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Stance Capital LLC purchased a new position in Simon Property Group during the third quarter valued at approximately $26,000. Wilkerson Advisory Group LLC purchased a new stake in Simon Property Group in the 4th quarter worth approximately $29,000. SHP Wealth Management purchased a new stake in Simon Property Group in the 4th quarter worth approximately $34,000. Dynamic Wealth Strategies LLC boosted its holdings in Simon Property Group by 195.8% in the 1st quarter. Dynamic Wealth Strategies LLC now owns 210 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 139 shares during the period. Finally, Cullen Frost Bankers Inc. boosted its holdings in Simon Property Group by 79.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust's stock valued at $46,000 after purchasing an additional 111 shares during the period. 93.01% of the stock is currently owned by institutional investors.

Simon Property Group Trading Up 0.3%

Shares of SPG stock opened at $222.56 on Friday. The business has a 50-day moving average price of $220.80 and a two-hundred day moving average price of $204.70. Simon Property Group, Inc. has a 12-month low of $163.29 and a 12-month high of $238.50. 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 firm has a market cap of $72.17 billion, a P/E ratio of 15.47, a price-to-earnings-growth ratio of 2.88 and a beta of 1.30.

Simon Property Group (NYSE:SPG - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.54 billion. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The company's revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.95 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Equities analysts anticipate that Simon Property Group, Inc. will post 13.21 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were given a dividend of $2.25 per share. The ex-dividend date was Tuesday, June 9th. This is an increase from Simon Property Group's previous quarterly dividend of $2.20. This represents a $9.00 dividend on an annualized basis and a yield of 4.0%. Simon Property Group's dividend payout ratio (DPR) is 62.54%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Citigroup lifted their price target on Simon Property Group from $189.00 to $205.00 and gave the company a "neutral" rating in a research report on Thursday, May 14th. UBS Group raised their target price on shares of Simon Property Group from $199.00 to $222.00 and gave the company a "neutral" rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. lifted their target price on shares of Simon Property Group from $210.00 to $217.00 and gave the company a "neutral" rating in a research report on Monday, June 1st. Jefferies Financial Group raised shares of Simon Property Group to a "strong-buy" rating in a research note on Friday, June 26th. Finally, Stifel Nicolaus increased their price target on shares of Simon Property Group from $185.00 to $194.00 and gave the stock a "hold" rating in a report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $216.14.

Insider Buying and Selling at Simon Property Group

In other Simon Property Group news, Director Reuben S. Leibowitz purchased 508 shares of the firm's stock in a transaction on Tuesday, June 30th. The shares were purchased at an average cost of $223.38 per share, with a total value of $113,477.04. Following the completion of the purchase, the director owned 55,797 shares of the company's stock, valued at $12,463,933.86. The trade was a 0.92% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Larry C. Glasscock acquired 397 shares of the stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average price of $223.38 per share, with a total value of $88,681.86. Following the completion of the acquisition, the director 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 SEC filing for this purchase provides additional information. Over the last three months, insiders purchased 2,387 shares of company stock valued at $533,056. 8.73% of the stock is currently owned by corporate insiders.

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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