Commerce Bank Makes New Investment in Simon Property Group, Inc. $SPG

Commerce Bank acquired a new stake in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 24,420 shares of the real estate investment trust's stock, valued at approximately $5,462,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Simon Property Group by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 46,969,966 shares of the real estate investment trust's stock valued at $8,694,610,000 after purchasing an additional 286,464 shares during the last quarter. BlackRock Inc. grew its stake in Simon Property Group by 1.2% during the 2nd quarter. BlackRock Inc. now owns 37,269,192 shares of the real estate investment trust's stock worth $8,335,255,000 after buying an additional 455,543 shares during the last quarter. State Street Corp increased its position in Simon Property Group by 1.5% during the 3rd quarter. State Street Corp now owns 21,765,492 shares of the real estate investment trust's stock valued at $4,084,730,000 after buying an additional 312,995 shares in the last quarter. Geode Capital Management LLC increased its position in Simon Property Group by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 10,572,677 shares of the real estate investment trust's stock valued at $1,950,967,000 after buying an additional 363,337 shares in the last quarter. Finally, Capital World Investors raised its stake in Simon Property Group by 2.7% in the fourth quarter. Capital World Investors now owns 8,610,404 shares of the real estate investment trust's stock valued at $1,593,872,000 after buying an additional 226,271 shares during the last quarter. Hedge funds and other institutional investors own 93.01% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SPG shares. Evercore set a $215.00 price target on Simon Property Group in a research note on Tuesday, July 7th. Jefferies Financial Group raised Simon Property Group to a "strong-buy" rating in a research report on Friday, June 26th. Barclays upped their price objective on shares of Simon Property Group from $213.00 to $215.00 and gave the company an "equal weight" rating in a report on Monday, August 17th. JPMorgan Chase & Co. increased their price target on Simon Property Group from $210.00 to $217.00 and gave the stock a "neutral" rating in a research report on Monday, June 1st. Finally, Bank of America upped their target price on Simon Property Group from $225.00 to $236.00 and gave the stock a "buy" rating in a research note on Monday, June 29th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $223.00.

Simon Property Group Price Performance

Shares of NYSE SPG opened at $218.52 on Monday. 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 firm has a fifty day moving average of $223.06 and a 200 day moving average of $207.24. The firm has a market cap of $70.70 billion, a PE ratio of 15.41, a PEG ratio of 2.72 and a beta of 1.30. Simon Property Group, Inc. has a one year low of $172.19 and a one year high of $238.50.

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 for the quarter, missing the consensus estimate of $1.64 by ($0.15). Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The firm had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.61 billion. During the same quarter last year, the business earned $1.70 EPS. The business's revenue 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. As a group, research analysts predict that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal year.

Simon Property Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th will be paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, September 9th. Simon Property Group's dividend payout ratio is 63.47%.

Insider Buying and Selling at Simon Property Group

In related news, Director Glyn Aeppel bought 243 shares of the firm's stock in a transaction on Tuesday, June 30th. The shares were bought at an average price of $223.36 per share, with a total value of $54,276.48. Following the completion of the transaction, the director directly owned 21,067 shares of the company's stock, valued at $4,705,525.12. This represents a 1.17% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Larry C. Glasscock acquired 397 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average cost of $223.38 per share, with a total value of $88,681.86. Following the transaction, the director directly owned 45,902 shares in the company, valued at $10,253,588.76. This trade represents a 0.87% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders bought 2,387 shares of company stock worth $533,056. Insiders own 8.73% of the company's stock.

About Simon Property Group

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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