QRG Capital Management Inc. Lowers Position in Simon Property Group, Inc. $SPG

Key Points

• QRG Capital Management cut its Simon Property Group stake by 58.9% in the second quarter, selling 72,171 shares and retaining 50,462 shares valued at $11.3 million. Institutional investors collectively own 93.01% of SPG.
• Simon Property Group reported quarterly EPS of $1.49, below the $1.64 consensus estimate, while revenue of $1.79 billion exceeded expectations and rose 19.5% year over year. The company maintained fiscal 2026 EPS guidance of $13.20–$13.30.
• SPG declared a quarterly dividend of $2.25 per share, equivalent to an annualized $9.00 payout and a 4.4% yield. Analysts’ average rating is “Hold,” with an average price target of $228.14 versus the reported share price of $204.20.

QRG Capital Management Inc. trimmed its position in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 58.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,462 shares of the real estate investment trust's stock after selling 72,171 shares during the quarter. QRG Capital Management Inc.'s holdings in Simon Property Group were worth $11,286,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its holdings in Simon Property Group by 3.7% in the second quarter. Envestnet Asset Management Inc. now owns 337,371 shares of the real estate investment trust's stock valued at $75,453,000 after acquiring an additional 11,947 shares during the period. U S Wealth Group LLC. increased its holdings in shares of Simon Property Group by 9.8% in the 2nd quarter. U S Wealth Group LLC. now owns 16,406 shares of the real estate investment trust's stock valued at $3,669,000 after purchasing an additional 1,458 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Simon Property Group by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 248,541 shares of the real estate investment trust's stock valued at $55,586,000 after purchasing an additional 2,902 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Simon Property Group by 20.2% during the second quarter. Sequoia Financial Advisors LLC now owns 11,752 shares of the real estate investment trust's stock worth $2,628,000 after buying an additional 1,974 shares in the last quarter. Finally, IPG Investment Advisors LLC acquired a new position in Simon Property Group during the second quarter worth about $1,903,000. 93.01% of the stock is owned by hedge funds and other institutional investors.

Simon Property Group Stock Down 0.8%

Shares of Simon Property Group stock opened at $204.20 on Thursday. The business has a 50-day moving average price of $218.01 and a 200 day moving average price of $208.92. Simon Property Group, Inc. has a fifty-two week low of $172.19 and a fifty-two week high of $238.50. The firm has a market cap of $66.07 billion, a P/E ratio of 14.40, a P/E/G ratio of 3.10 and a beta of 1.28. 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 (NYSE:SPG - Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.64 by ($0.15). The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. Simon Property Group's revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.70 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. On average, sell-side analysts forecast that Simon Property Group, Inc. will post 13.23 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Wednesday, September 9th. Simon Property Group's dividend payout ratio is currently 63.47%.

Insider Activity

In other Simon Property Group news, Director Larry Glasscock bought 397 shares of the business's stock in a transaction on Tuesday, June 30th. The shares were purchased at an average price of $223.38 per share, with a total value of $88,681.86. Following the completion of the acquisition, the director directly owned 45,902 shares of the company's stock, valued at approximately $10,253,588.76. The trade was a 0.87% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Glyn Aeppel bought 243 shares of the stock in a transaction dated Tuesday, June 30th. The shares were bought at an average cost of $223.36 per share, with a total value of $54,276.48. Following the completion of the acquisition, the director directly owned 21,067 shares of the company's stock, valued at approximately $4,705,525.12. The trade was a 1.17% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 2,387 shares of company stock valued at $533,056 over the last quarter. Corporate insiders own 8.73% of the company's stock.

Analysts Set New Price Targets

SPG has been the subject of several research reports. LADENBURG THALM/SH SH lifted their price objective on Simon Property Group from $250.00 to $275.00 and gave the stock a "buy" rating in a report on Tuesday, August 11th. Barclays lifted their target price on shares of Simon Property Group from $213.00 to $215.00 and gave the stock an "equal weight" rating in a research report on Monday, August 17th. Citigroup upped their target price on Simon Property Group from $205.00 to $230.00 and gave the company a "neutral" rating in a research note on Monday, August 17th. Wolfe Research downgraded Simon Property Group from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, June 30th. Finally, Deutsche Bank Aktiengesellschaft downgraded 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 research note on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, Simon Property Group has an average rating of "Hold" and an average target price of $228.14.

Simon Property Group Company Profile

Simon Property Group, Inc is a self-administered and self-managed real estate investment trust that owns, develops and operates premier shopping, dining, entertainment and mixed-use destinations. Its portfolio includes regional malls, premium outlet centers and The Mills properties, serving consumers and retail tenants through a range of high-quality commercial properties.

The company generates revenue primarily by leasing retail and commercial space to national, regional and local retailers, restaurants and other businesses.

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