Saudi Central Bank Grows Stock Holdings in Simon Property Group, Inc. $SPG

Key Points

• Saudi Central Bank increased its Simon Property Group stake by 88.7% in the second quarter to 22,739 shares valued at about $5.1 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 and above estimates, but EPS of $1.49 missed expectations of $1.64. The company maintained 2026 guidance of $13.20–$13.30 in EPS.
• The REIT declared a quarterly dividend of $2.25 per share, equivalent to $9.00 annually and a 4.3% yield. Analysts have a consensus “Hold” rating and an average price target of $228.14.

Saudi Central Bank lifted its stake in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 88.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,739 shares of the real estate investment trust's stock after purchasing an additional 10,689 shares during the period. Saudi Central Bank's holdings in Simon Property Group were worth $5,086,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Simon Property Group in the fourth quarter valued at approximately $1,112,111,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Simon Property Group by 13,579.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,604,590 shares of the real estate investment trust's stock worth $806,167,000 after buying an additional 3,578,240 shares during the last quarter. Legal & General Group Plc acquired a new position in Simon Property Group during the second quarter worth $783,974,000. Canada Pension Plan Investment Board acquired a new position in Simon Property Group during the second quarter worth $489,647,000. Finally, Caisse de depot et placement du Quebec purchased a new stake in Simon Property Group in the 2nd quarter valued at $143,948,000. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Simon Property Group

In related news, Director Glyn Aeppel acquired 243 shares of the firm's stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average cost of $223.36 per share, for a total transaction of $54,276.48. Following the acquisition, the director owned 21,067 shares in the company, valued at $4,705,525.12. The trade was a 1.17% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Larry Glasscock acquired 397 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average cost of $223.38 per share, with a total value of $88,681.86. Following the transaction, the director directly owned 45,902 shares in the company, valued at $10,253,588.76. This trade represents a 0.87% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders acquired 2,387 shares of company stock valued at $533,056. 8.73% of the stock is currently owned by company insiders.

Simon Property Group Stock Performance

Shares of Simon Property Group stock opened at $209.49 on Monday. The firm has a market cap of $67.78 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 3.16 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, Inc. has a 52 week low of $172.19 and a 52 week high of $238.50. The business's fifty day simple moving average is $222.53 and its 200-day simple moving average is $208.55.

Simon Property Group (NYSE:SPG - Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.64 by ($0.15). The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.The firm'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 posted $1.70 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Equities analysts forecast that Simon Property Group, Inc. will post 13.2 earnings per share for the current 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 given a dividend of $2.25 per share. The ex-dividend date is Wednesday, September 9th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.3%. Simon Property Group's dividend payout ratio (DPR) is currently 63.47%.

Analysts Set New Price Targets

A number of brokerages have issued reports on SPG. UBS Group raised their target price on Simon Property Group from $199.00 to $222.00 and gave the stock a "neutral" rating in a research note on Thursday, July 9th. Scotiabank upped their price objective on shares of Simon Property Group from $220.00 to $222.00 and gave the company a "sector perform" rating in a report on Thursday, August 20th. Stifel Nicolaus raised their price objective on shares of Simon Property Group from $194.00 to $209.00 and gave the stock a "hold" rating in a research report on Tuesday, August 11th. Mizuho lifted their target price on shares of Simon Property Group from $211.00 to $226.00 and gave the stock a "neutral" rating in a research note on Thursday, August 27th. Finally, LADENBURG THALM/SH SH boosted their target price on shares of Simon Property Group from $250.00 to $275.00 and gave the company a "buy" rating in a report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $228.14.

Simon Property Group Company 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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