Simon Property Group, Inc. $SPG Shares Purchased by Meeder Asset Management Inc.

Key Points

• Meeder Asset Management increased its Simon Property Group stake by 90.4% in the second quarter, acquiring 70,917 additional shares worth approximately $33.4 million. Institutional investors and hedge funds collectively own 93.01% of SPG.
• Simon Property Group reported quarterly revenue of $1.79 billion, exceeding estimates, but earnings per share of $1.49 fell short of the $1.64 consensus. 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 4.1% yield. Analysts’ consensus rating remains “Hold,” with an average price target of $222.87.

Meeder Asset Management Inc. raised its holdings in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 90.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 149,386 shares of the real estate investment trust's stock after purchasing an additional 70,917 shares during the period. Simon Property Group comprises about 1.7% of Meeder Asset Management Inc.'s portfolio, making the stock its 12th largest holding. Meeder Asset Management Inc.'s holdings in Simon Property Group were worth $33,410,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Simon Property Group in the 4th quarter valued at about $1,112,111,000. Wellington Management Group LLP grew its position in shares of Simon Property Group by 7.7% during the 4th quarter. Wellington Management Group LLP now owns 7,939,861 shares of the real estate investment trust's stock valued at $1,469,748,000 after buying an additional 569,772 shares during the last quarter. Bank of America Corp DE grew its position in shares of Simon Property Group by 6.1% during 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 last quarter. Cardano Risk Management B.V. acquired a new stake in Simon Property Group during the second quarter worth about $104,281,000. Finally, BlackRock Inc. raised its stake in Simon Property Group by 1.2% during the second quarter. BlackRock Inc. now owns 37,269,192 shares of the real estate investment trust's stock worth $8,335,255,000 after acquiring an additional 455,543 shares during the period. 93.01% of the stock is owned by institutional investors and hedge funds.

Simon Property Group Stock Up 0.7%

Simon Property Group stock opened at $221.16 on Tuesday. The company has a debt-to-equity ratio of 5.19, a quick ratio of 1.05 and a current ratio of 1.05. Simon Property Group, Inc. has a one year low of $172.09 and a one year high of $238.50. The company has a 50-day simple moving average of $222.58 and a 200-day simple moving average of $206.35. The firm has a market capitalization of $71.72 billion, a P/E ratio of 15.60, a P/E/G ratio of 2.74 and a beta of 1.30.

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 for the quarter, missing the consensus estimate 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%. The company's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.70 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. As a group, equities analysts expect that Simon Property Group, Inc. will post 13.2 earnings per share for the current year.

Simon Property Group Announces Dividend

The company also recently declared 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 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

A number of equities analysts have issued reports on the stock. Bank of America raised their target price on shares of Simon Property Group from $225.00 to $236.00 and gave the stock a "buy" rating in a report on Monday, June 29th. Jefferies Financial Group raised Simon Property Group to a "strong-buy" rating in a report on Friday, June 26th. Stifel Nicolaus increased their price target on Simon Property Group from $194.00 to $209.00 and gave the stock a "hold" rating in a research report on Tuesday, August 11th. Citigroup raised their price target on Simon Property Group from $205.00 to $230.00 and gave the stock a "neutral" rating in a report on Monday. Finally, Scotiabank boosted their price objective on Simon Property Group from $206.00 to $220.00 and gave the company a "sector perform" rating in a research report on Thursday, June 18th. 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 stock. Based on data from MarketBeat.com, Simon Property Group has an average rating of "Hold" and a consensus price target of $222.87.

Insider Buying and Selling

In other Simon Property Group news, Director Daniel C. Smith purchased 372 shares of the business's stock in a transaction dated Tuesday, June 30th. The shares were bought at an average price of $223.31 per share, with a total value of $83,071.32. Following the completion of the acquisition, the director owned 34,480 shares in the company, valued at approximately $7,699,728.80. This represents a 1.09% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Larry C. Glasscock acquired 397 shares of Simon Property Group stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average price of $223.38 per share, with a total value of $88,681.86. Following the completion of the transaction, the director owned 45,902 shares of the company's stock, valued at approximately $10,253,588.76. This trade represents a 0.87% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 2,387 shares of company stock valued at $533,056 in the last ninety days. Insiders own 8.73% of the company's stock.

Simon Property Group 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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