Russell Investments Group Ltd. Raises Stock Holdings in Simon Property Group, Inc. $SPG

Key Points

• Russell Investments increased its Simon Property Group stake by 2.8% in the second quarter to 957,972 shares valued at approximately $214.5 million. Institutional investors collectively own 93.01% of SPG’s outstanding stock.
• Simon Property Group insiders purchased 2,387 shares worth $533,056 over the past quarter, including purchases by directors Daniel C. Smith and Glyn Aeppel.
• SPG reported quarterly revenue of $1.79 billion, up 19.5% year over year, but earnings per share of $1.49 missed estimates by $0.15. The REIT declared a $2.25 quarterly dividend, equivalent to a 4.1% yield.

Russell Investments Group Ltd. increased its holdings in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 2.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 957,972 shares of the real estate investment trust's stock after acquiring an additional 26,476 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.30% of Simon Property Group worth $214,513,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stance Capital LLC bought a new position in Simon Property Group in the 3rd quarter valued at $26,000. Wilkerson Advisory Group LLC bought a new stake in shares of Simon Property Group during the 4th quarter worth $29,000. SHP Wealth Management bought a new stake in shares of Simon Property Group during the 4th quarter worth $34,000. Dynamic Wealth Strategies LLC boosted its holdings in shares of Simon Property Group by 195.8% in the 1st quarter. Dynamic Wealth Strategies LLC now owns 210 shares of the real estate investment trust's stock worth $39,000 after buying an additional 139 shares during the last quarter. Finally, WPG Advisers LLC boosted 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 worth $40,000 after buying an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 93.01% of the company's stock.

Insider Buying and Selling

In other Simon Property Group news, Director Daniel C. Smith purchased 372 shares of the company's stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average cost of $223.31 per share, for a total transaction of $83,071.32. Following the purchase, the director owned 34,480 shares of the company's stock, valued at $7,699,728.80. This represents a 1.09% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Glyn Aeppel acquired 243 shares of the business's stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired 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 owned 21,067 shares in the company, valued at $4,705,525.12. This trade represents a 1.17% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 2,387 shares of company stock valued at $533,056. Corporate insiders own 8.73% of the company's stock.

Simon Property Group Stock Down 1.0%

SPG stock opened at $219.34 on Friday. The company has a debt-to-equity ratio of 5.19, a quick ratio of 0.84 and a current ratio of 1.05. The company has a market capitalization of $71.13 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 2.84 and a beta of 1.30. Simon Property Group, Inc. has a fifty-two week low of $171.22 and a fifty-two week high of $238.50. The stock has a fifty day moving average of $222.30 and a 200-day moving average of $205.94.

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 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 during the quarter, compared to analysts' expectations of $1.61 billion. During the same period last year, the business posted $1.70 EPS. 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. As a group, equities research analysts predict that Simon Property Group, Inc. will post 13.2 earnings per share for the current year.

Simon Property Group Announces Dividend

The firm also recently announced 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 is Wednesday, September 9th. This represents a $9.00 annualized dividend and a dividend yield of 4.1%. Simon Property Group's dividend payout ratio (DPR) is presently 63.47%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SPG shares. LADENBURG THALM/SH SH increased their price target 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. UBS Group lifted their price objective on shares of Simon Property Group from $199.00 to $222.00 and gave the stock a "neutral" rating in a research report on Thursday, July 9th. Scotiabank boosted their target price on shares of Simon Property Group from $206.00 to $220.00 and gave the company a "sector perform" rating in a research note on Thursday, June 18th. Barclays increased their target price on shares of Simon Property Group from $212.00 to $213.00 and gave the company an "equal weight" rating in a research report on Thursday, June 25th. Finally, Jefferies Financial Group upgraded shares of Simon Property Group to a "strong-buy" rating in a research note on Friday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $221.07.

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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