Jupiter Topco LLC Invests $103.44 Million in Simon Property Group, Inc. $SPG

Jupiter Topco LLC purchased a new stake in Simon Property Group, Inc. (NYSE:SPG - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 462,314 shares of the real estate investment trust's stock, valued at approximately $103,445,000. Jupiter Topco LLC owned about 0.14% of Simon Property Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. PFG Investments LLC raised its holdings in Simon Property Group by 2.2% in the first quarter. PFG Investments LLC now owns 2,341 shares of the real estate investment trust's stock worth $437,000 after purchasing an additional 50 shares during the period. WPG Advisers LLC grew its holdings in shares of Simon Property Group by 40.3% in the 2nd quarter. WPG Advisers LLC now owns 181 shares of the real estate investment trust's stock valued at $40,000 after buying an additional 52 shares during the period. Great Valley Advisor Group Inc. grew its holdings in shares of Simon Property Group by 2.3% in the 4th quarter. Great Valley Advisor Group Inc. now owns 2,360 shares of the real estate investment trust's stock valued at $437,000 after buying an additional 52 shares during the period. Veridan Wealth LLC increased its position 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 in the last quarter. Finally, CYBER HORNET ETFs LLC increased its position 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 in the last quarter. Institutional investors own 93.01% of the company's stock.

Insiders Place Their Bets

In other Simon Property Group news, Director Daniel C. 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 M. 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.

Simon Property Group Stock Performance

SPG opened at $217.12 on Thursday. The company has a market capitalization of $70.25 billion, a price-to-earnings ratio of 15.31, a P/E/G ratio of 2.73 and a beta of 1.30. The business's 50-day moving average price is $223.39 and its two-hundred day moving average price is $207.76. Simon Property Group, Inc. has a 1 year low of $172.19 and a 1 year 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 1.05.

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 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.15). Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the company earned $1.70 earnings per share. The firm's quarterly revenue was up 19.5% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Equities analysts expect 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 4.1%. Simon Property Group's dividend payout ratio (DPR) is 63.47%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Barclays lifted their target price on Simon Property Group from $213.00 to $215.00 and gave the stock an "equal weight" rating in a report on Monday, August 17th. Wolfe Research downgraded Simon Property Group from an "outperform" rating to a "peer perform" rating in a report on Tuesday, June 30th. UBS Group raised their price target on Simon Property Group from $199.00 to $222.00 and gave the stock a "neutral" rating in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft lowered Simon Property Group from a "buy" rating to a "hold" rating and set a $220.00 price objective for the company. in a research report on Thursday, July 9th. Finally, Evercore set a $215.00 target price on Simon Property Group in a research note on Tuesday, July 7th. Two investment 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 company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $223.00.

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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