OVERSEA CHINESE BANKING Corp Ltd Acquires New Shares in Simon Property Group, Inc. $SPG

Key Points

• Oversea-Chinese Banking Corp. acquired 57,597 Simon Property Group shares in the second quarter, valued at approximately $12.9 million. Institutional investors collectively own 93.01% of SPG.
• Simon Property Group reported quarterly revenue of $1.79 billion, up 19.5% year over year, but earnings per share of $1.49 missed analysts’ $1.64 consensus estimate. The company maintained fiscal 2026 EPS guidance of $13.20–$13.30.
• SPG declared a quarterly dividend of $2.25, equivalent to $9.00 annually and a 4.1% yield. Analysts’ consensus rating is Hold, with an average price target of $223 versus the stock’s recent price of $220.33.

OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Simon Property Group, Inc. (NYSE:SPG - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 57,597 shares of the real estate investment trust's stock, valued at approximately $12,882,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stance Capital LLC purchased a new position in Simon Property Group during the 3rd quarter valued at about $26,000. Wilkerson Advisory Group LLC purchased a new stake in shares of Simon Property Group in the 4th quarter worth approximately $29,000. N.E.W. Advisory Services LLC boosted its stake in shares of Simon Property Group by 335.0% during the second quarter. N.E.W. Advisory Services LLC now owns 174 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 134 shares in the last quarter. WPG Advisers LLC boosted its stake in shares of Simon Property Group by 40.3% during the second quarter. WPG Advisers LLC now owns 181 shares of the real estate investment trust's stock valued at $40,000 after purchasing an additional 52 shares in the last quarter. Finally, SHP Wealth Management bought a new position in shares of Simon Property Group during the fourth quarter valued at approximately $34,000. 93.01% of the stock is currently owned by institutional investors.

Simon Property Group Price Performance

Shares of SPG stock opened at $220.33 on Friday. Simon Property Group, Inc. has a fifty-two week low of $172.19 and a fifty-two week high of $238.50. 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 market capitalization of $71.29 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 2.78 and a beta of 1.30. The stock's 50-day simple moving average is $223.07 and its 200-day simple moving average is $207.05.

Simon Property Group (NYSE:SPG - Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.49 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.15). The company had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.61 billion. Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The business's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.70 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. As a group, equities analysts forecast that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

The business also recently declared 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 dividend yield of 4.1%. Simon Property Group's dividend payout ratio (DPR) is currently 63.47%.

Analyst Upgrades and Downgrades

SPG has been the subject of a number of recent research reports. Wolfe Research downgraded shares of Simon Property Group from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, June 30th. Citigroup increased their target price on Simon Property Group from $205.00 to $230.00 and gave the company a "neutral" rating in a research report on Monday. Deutsche Bank Aktiengesellschaft cut Simon Property Group from a "buy" rating to a "hold" rating and set a $220.00 target price on the stock. in a research report on Thursday, July 9th. Bank of America boosted their price target on Simon Property Group from $225.00 to $236.00 and gave the stock a "buy" rating in a research report on Monday, June 29th. Finally, Stifel Nicolaus upped their price objective on Simon Property Group from $194.00 to $209.00 and gave the stock a "hold" rating in a research note on Tuesday, August 11th. Two 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 presently has a consensus rating of "Hold" and an average target price of $223.00.

Insiders Place Their Bets

In other news, Director Glyn Aeppel bought 243 shares of the business's stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average cost of $223.36 per share, with a total value of $54,276.48. Following the transaction, the director directly owned 21,067 shares in the company, valued at approximately $4,705,525.12. The trade was a 1.17% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Daniel C. Smith bought 372 shares of Simon Property Group stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average price of $223.31 per share, with a total value of $83,071.32. Following the purchase, the director directly owned 34,480 shares in the company, valued at $7,699,728.80. The trade was a 1.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have bought 2,387 shares of company stock valued at $533,056. Corporate 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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