Simon Property Group, Inc. $SPG Shares Acquired by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management increased its Simon Property Group stake by 3.7% in the second quarter, bringing its holdings to 337,371 shares valued at approximately $75.5 million. Institutional investors collectively own 93.01% of SPG.
• Simon Property Group reported quarterly revenue of $1.79 billion, surpassing estimates, but earnings of $1.49 per share missed consensus by $0.15. The company maintained fiscal 2026 EPS guidance of $13.20–$13.30.
• The REIT declared a quarterly dividend of $2.25 per share, equivalent to $9.00 annually and a 4.4% yield. Analysts maintain a consensus “Hold” rating with an average price target of $228.14.

Envestnet Asset Management Inc. raised its holdings in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 3.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 337,371 shares of the real estate investment trust's stock after purchasing an additional 11,947 shares during the period. Envestnet Asset Management Inc. owned approximately 0.10% of Simon Property Group worth $75,453,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Simon Property Group by 1.2% during the 2nd quarter. BlackRock Inc. now owns 37,269,192 shares of the real estate investment trust's stock valued at $8,335,255,000 after acquiring an additional 455,543 shares during the period. Wellington Management Group LLP grew its stake in Simon Property Group by 2.7% during the second quarter. Wellington Management Group LLP now owns 9,390,325 shares of the real estate investment trust's stock worth $2,100,146,000 after buying an additional 242,709 shares in the last quarter. Capital World Investors grew its stake in Simon Property Group by 2.7% during the fourth quarter. Capital World Investors now owns 8,610,404 shares of the real estate investment trust's stock worth $1,593,872,000 after buying an additional 226,271 shares in the last quarter. Bank of America Corp DE increased its holdings in Simon Property Group by 6.1% in the 1st quarter. Bank of America Corp DE now owns 8,503,133 shares of the real estate investment trust's stock valued at $1,586,089,000 after buying an additional 491,519 shares during the period. Finally, Norges Bank acquired a new position in shares of Simon Property Group in the 4th quarter valued at approximately $1,112,111,000. 93.01% of the stock is owned by institutional investors.

Simon Property Group Price Performance

Shares of SPG opened at $204.73 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.19. The stock has a market cap of $66.24 billion, a PE ratio of 14.44, a PEG ratio of 3.08 and a beta of 1.28. Simon Property Group, Inc. has a 12-month low of $172.19 and a 12-month high of $238.50. The business has a 50-day simple moving average of $217.06 and a two-hundred day simple moving average of $208.96.

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 EPS for the quarter, missing analysts' consensus estimates of $1.64 by ($0.15). Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period in the previous year, the business posted $1.70 earnings per share. The business's revenue for the quarter 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. Analysts anticipate that Simon Property Group, Inc. will post 13.23 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Wednesday, September 9th. Simon Property Group's dividend payout ratio (DPR) is currently 63.47%.

Insider Activity

In related news, Director Reuben Leibowitz bought 508 shares of the business's stock in a transaction on Tuesday, June 30th. The shares were purchased at an average cost of $223.38 per share, with a total value of $113,477.04. Following the acquisition, the director owned 55,797 shares of the company's stock, valued at $12,463,933.86. This represents a 0.92% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel Smith purchased 372 shares of Simon Property Group stock in a transaction on Tuesday, June 30th. The stock was bought at an average price of $223.31 per share, for a total transaction of $83,071.32. Following the transaction, the director directly owned 34,480 shares in the company, valued at approximately $7,699,728.80. The trade was a 1.09% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders acquired 2,387 shares of company stock worth $533,056. 8.73% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

SPG has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of Simon Property Group from $213.00 to $215.00 and gave the stock an "equal weight" rating in a report on Monday, August 17th. Piper Sandler lifted their price objective on shares of Simon Property Group from $230.00 to $285.00 and gave the company an "overweight" rating in a research note on Tuesday, July 21st. Wolfe Research downgraded shares of Simon Property Group from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, June 30th. Citigroup upped their target price on Simon Property Group from $205.00 to $230.00 and gave the stock a "neutral" rating in a research note on Monday, August 17th. Finally, Stifel Nicolaus raised their target price on Simon Property Group from $194.00 to $209.00 and gave the company a "hold" rating in a report on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and twelve have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Simon Property Group currently has a consensus rating of "Hold" and an average target price of $228.14.

About Simon Property Group

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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