Northwestern Mutual Wealth Management Co. Takes $8.20 Million Position in Simon Property Group, Inc. $SPG

Key Points

• Northwestern Mutual Wealth Management initiated an approximately $8.2 million position in Simon Property Group during the second quarter. Institutional investors collectively own 93.01% of SPG’s outstanding shares.
• Analyst sentiment remains mixed: Bank of America and Ladenburg raised their price targets and maintained “buy” ratings, while Deutsche Bank downgraded the stock to “hold.” The consensus rating is “Hold,” with an average price target of $223.
• Simon Property Group reported quarterly revenue of $1.79 billion, up 19.5% year over year, but EPS of $1.49 fell short of estimates. The REIT declared a quarterly dividend of $2.25, representing a 4.1% annualized yield.

Northwestern Mutual Wealth Management Co. purchased a new position in Simon Property Group, Inc. (NYSE:SPG - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 36,671 shares of the real estate investment trust's stock, valued at approximately $8,201,000.

Other large investors also recently modified their holdings of the company. Stance Capital LLC purchased a new position in Simon Property Group in the third quarter worth about $26,000. Wilkerson Advisory Group LLC bought a new stake in shares of Simon Property Group during the 4th quarter valued at about $29,000. SHP Wealth Management purchased a new stake in shares of Simon Property Group during the 4th quarter valued at about $34,000. Dynamic Wealth Strategies LLC increased its position in shares of Simon Property Group by 195.8% during 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 last quarter. Finally, N.E.W. Advisory Services LLC lifted its stake in shares of Simon Property Group by 335.0% in the 2nd quarter. N.E.W. Advisory Services LLC now owns 174 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 134 shares during the period. Institutional investors own 93.01% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on SPG. Bank of America raised their price objective on shares of Simon Property Group from $225.00 to $236.00 and gave the stock a "buy" rating in a report on Monday, June 29th. Deutsche Bank Aktiengesellschaft cut shares of Simon Property Group from a "buy" rating to a "hold" rating and set a $220.00 target price for the company. in a report on Thursday, July 9th. Citigroup increased their price target on shares of Simon Property Group from $205.00 to $230.00 and gave the stock a "neutral" rating in a research report on Monday, August 17th. Truist Financial lifted their price target on shares of Simon Property Group from $196.00 to $215.00 and gave the stock a "hold" rating in a research note on Tuesday, June 23rd. Finally, LADENBURG THALM/SH SH boosted their price objective on shares of Simon Property Group from $250.00 to $275.00 and gave the company a "buy" rating in a research report on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Simon Property Group has an average rating of "Hold" and a consensus price target of $223.00.

Simon Property Group Stock Up 0.1%

SPG stock opened at $218.52 on Monday. The business's 50-day moving average price is $223.06 and its 200-day moving average price is $207.24. The stock has a market cap of $70.70 billion, a P/E ratio of 15.41, a PEG ratio of 2.72 and a beta of 1.30. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.19. Simon Property Group, Inc. has a twelve month low of $172.19 and a twelve month 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 (EPS) 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 during the quarter, compared to analysts' expectations of $1.61 billion. During the same period in the prior year, the company posted $1.70 earnings per share. The company'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. On average, equities research analysts forecast that Simon Property Group, Inc. will post 13.2 EPS for the current year.

Simon Property Group Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend 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 is 63.47%.

Insider Activity

In other news, Director Daniel C. Smith bought 372 shares of the company's stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average price of $223.31 per share, with a total value of $83,071.32. Following the acquisition, the director owned 34,480 shares of the company's stock, valued at approximately $7,699,728.80. This represents a 1.09% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Glyn Aeppel purchased 243 shares of the business's stock in a transaction on Tuesday, June 30th. The stock was acquired at an average price of $223.36 per share, with a total value of $54,276.48. Following the purchase, the director directly owned 21,067 shares in the company, valued at $4,705,525.12. This represents a 1.17% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders purchased 2,387 shares of company stock worth $533,056. 8.73% of the stock is currently owned by insiders.

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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