Principal Financial Group Inc. Has $461.04 Million Stock Position in Simon Property Group, Inc. $SPG

Key Points

• Principal Financial Group cut its Simon Property Group stake by 20.6% in the second quarter, selling 533,805 shares and retaining 2.06 million shares worth approximately $461 million.
• Simon Property Group reported quarterly EPS of $1.49, missing estimates of $1.64, while revenue rose 19.5% year over year to $1.79 billion. The REIT maintained annual guidance of $13.20–$13.30 EPS.
• The company declared a quarterly dividend of $2.25, or $9.00 annually, representing a 4.1% yield. Analysts’ consensus rating is “Hold,” with an average price target of $221.07.

Principal Financial Group Inc. lowered its stake in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 20.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,061,411 shares of the real estate investment trust's stock after selling 533,805 shares during the quarter. Principal Financial Group Inc. owned approximately 0.64% of Simon Property Group worth $461,037,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of SPG. Stance Capital LLC purchased a new stake in Simon Property Group during the third quarter valued at about $26,000. Wilkerson Advisory Group LLC purchased a new position in shares of Simon Property Group in the fourth quarter worth approximately $29,000. SHP Wealth Management purchased a new position in shares of Simon Property Group in the fourth quarter worth approximately $34,000. Dynamic Wealth Strategies LLC raised its holdings in shares of Simon Property Group by 195.8% during the first quarter. Dynamic Wealth Strategies LLC now owns 210 shares of the real estate investment trust's stock valued at $39,000 after acquiring an additional 139 shares during the period. Finally, MV Capital Management Inc. acquired a new stake in shares of Simon Property Group during the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 93.01% of the company's stock.

Simon Property Group Stock Down 1.0%

SPG opened at $219.34 on Friday. Simon Property Group, Inc. has a fifty-two week low of $171.22 and a fifty-two week high of $238.50. The business has a 50-day moving average of $222.30 and a 200-day moving average of $205.94. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.05 and a quick ratio of 0.84. The company has a market capitalization of $71.13 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 2.86 and a beta of 1.30.

Simon Property Group (NYSE:SPG - Get Free Report) last announced its quarterly 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). The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The firm's quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.70 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Equities research analysts forecast that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal 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 paid a $2.25 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $9.00 dividend on an annualized basis and a yield of 4.1%. Simon Property Group's payout ratio is 63.47%.

Analyst Upgrades and Downgrades

SPG has been the topic of several recent analyst reports. Bank of America boosted their target price on shares of Simon Property Group from $225.00 to $236.00 and gave the company a "buy" rating in a research note on Monday, June 29th. LADENBURG THALM/SH SH raised their target price on Simon Property Group from $250.00 to $275.00 and gave the stock a "buy" rating in a research report on Tuesday. Wolfe Research cut Simon Property Group from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, June 30th. Jefferies Financial Group upgraded Simon Property Group to a "strong-buy" rating in a report on Friday, June 26th. Finally, UBS Group upped their price target on Simon Property Group from $199.00 to $222.00 and gave the company a "neutral" rating in a research report on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, Simon Property Group has an average rating of "Hold" and a consensus target price of $221.07.

Insider Transactions at Simon Property Group

In other Simon Property Group news, Director Gary M. Rodkin bought 256 shares of the firm's stock in a transaction on Tuesday, June 30th. The stock was bought at an average cost of $223.34 per share, with a total value of $57,175.04. Following the completion of the transaction, the director directly owned 21,016 shares of the company's stock, valued at approximately $4,693,713.44. The trade was a 1.23% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Marta R. Stewart bought 182 shares of the firm's stock in a transaction on Tuesday, June 30th. The stock was acquired at an average cost of $223.16 per share, with a total value of $40,615.12. Following the completion of the transaction, the director directly owned 18,000 shares of the company's stock, valued at approximately $4,016,880. This represents a 1.02% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders acquired 2,387 shares of company stock valued at $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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