HighTower Advisors LLC Has $228.46 Million Stock Position in Simon Property Group, Inc. $SPG

Key Points

• HighTower Advisors reduced its Simon Property Group stake by 4.2% in the second quarter, selling 44,597 shares but retaining 1.02 million shares valued at approximately $228.5 million. Institutional investors collectively own 93.01% of SPG.
• Analyst sentiment remains cautious, with the stock carrying an average “Hold” rating and a consensus price target of $221.07. Recent ratings included downgrades from Wolfe Research and Deutsche Bank, despite several analysts raising their price targets.
• Simon Property Group reported quarterly EPS of $1.49, below the $1.64 consensus estimate, while revenue rose 19.5% year over year to $1.79 billion. The company declared a quarterly dividend of $2.25, or $9.00 annualized, representing a 4.1% yield.

HighTower Advisors LLC lowered its holdings in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 4.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,021,493 shares of the real estate investment trust's stock after selling 44,597 shares during the quarter. HighTower Advisors LLC owned about 0.31% of Simon Property Group worth $228,457,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Stance Capital LLC bought a new stake in Simon Property Group in the third quarter worth $26,000. Wilkerson Advisory Group LLC bought a new position in Simon Property Group during the fourth quarter valued at about $29,000. SHP Wealth Management bought a new position in Simon Property Group during the fourth quarter valued at about $34,000. Dynamic Wealth Strategies LLC lifted its position in shares of Simon Property Group by 195.8% in the first quarter. Dynamic Wealth Strategies LLC now owns 210 shares of the real estate investment trust's stock worth $39,000 after buying an additional 139 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its position in shares of Simon Property Group by 79.3% in the fourth quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust's stock worth $46,000 after buying an additional 111 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Wolfe Research downgraded Simon Property Group from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, June 30th. Evercore set a $215.00 price objective on Simon Property Group in a research note on Tuesday, July 7th. Truist Financial boosted their target price on Simon Property Group from $196.00 to $215.00 and gave the stock a "hold" rating in a report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft cut Simon Property Group from a "buy" rating to a "hold" rating and set a $220.00 target price for the company. in a research report on Thursday, July 9th. Finally, JPMorgan Chase & Co. lifted their price target 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. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $221.07.

Insider Transactions at Simon Property Group

In other Simon Property Group news, Director Marta R. Stewart purchased 182 shares of the company's stock in a transaction on Tuesday, June 30th. The shares were bought at an average cost of $223.16 per share, with a total value of $40,615.12. Following the transaction, the director directly owned 18,000 shares in the company, valued at approximately $4,016,880. This represents a 1.02% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Daniel C. Smith purchased 372 shares of the business's stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average price of $223.31 per share, with a total value of $83,071.32. Following the completion of the acquisition, the director owned 34,480 shares of the company's stock, valued at approximately $7,699,728.80. The trade was a 1.09% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have acquired 2,387 shares of company stock worth $533,056. Insiders own 8.73% of the company's stock.

Simon Property Group Stock Down 1.0%

SPG stock opened at $219.34 on Friday. The stock has a market capitalization of $71.13 billion, a price-to-earnings ratio of 15.47, a price-to-earnings-growth ratio of 2.84 and a beta of 1.30. The company has a 50-day moving average of $222.30 and a two-hundred day moving average of $205.94. Simon Property Group, Inc. has a 52-week low of $171.22 and a 52-week high of $238.50. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.05 and a quick ratio of 0.84.

Simon Property Group (NYSE:SPG - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.49 EPS for the quarter, missing analysts' consensus estimates of $1.64 by ($0.15). The business had revenue of $1.79 billion during 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%.The company's revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.70 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. As a group, equities research analysts anticipate that Simon Property Group, Inc. will post 13.2 EPS for the current year.

Simon Property Group Dividend Announcement

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 $2.25 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $9.00 dividend on an annualized basis and a yield of 4.1%. Simon Property Group's dividend payout ratio (DPR) is 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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