The Manufacturers Life Insurance Company Invests $55.59 Million in Simon Property Group, Inc. $SPG

Key Points

• The Manufacturers Life Insurance Company acquired 248,541 Simon Property Group shares worth approximately $55.6 million, while institutional investors and hedge funds collectively owned 93.01% of the REIT.
• Simon Property Group reported quarterly EPS of $1.49, below the $1.64 consensus estimate, but revenue rose 19.5% year over year to $1.79 billion. The company maintained 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’ average rating remained “Hold,” with an average price target of $223.

The Manufacturers Life Insurance Company bought a new stake in Simon Property Group, Inc. (NYSE:SPG - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 248,541 shares of the real estate investment trust's stock, valued at approximately $55,586,000. The Manufacturers Life Insurance Company owned about 0.08% of Simon Property Group at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank bought a new stake in Simon Property Group during the 4th quarter worth approximately $1,112,111,000. Wellington Management Group LLP increased its holdings in 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 purchasing an additional 569,772 shares in the last quarter. Bank of America Corp DE raised its position 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 purchasing an additional 491,519 shares during the last quarter. Cardano Risk Management B.V. bought a new position in Simon Property Group in the 2nd quarter valued at $104,281,000. Finally, BlackRock Inc. boosted its stake in Simon Property Group by 1.2% in 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 purchasing an additional 455,543 shares in the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.

Simon Property Group Stock Down 0.8%

Shares of SPG opened at $218.92 on Wednesday. The business's fifty day moving average price is $223.25 and its two-hundred day moving average price is $207.62. The firm has a market capitalization of $70.83 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 2.75 and a beta of 1.30. Simon Property Group, Inc. has a 52 week low of $172.19 and a 52 week high of $238.50. 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 (NYSE:SPG - Get Free Report) last released its 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 for the quarter, compared to the consensus estimate of $1.61 billion. Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.The company's revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.70 EPS. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. On average, analysts predict that Simon Property Group, Inc. will post 13.2 earnings per share for the current year.

Simon Property Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, September 9th. Simon Property Group's payout ratio is currently 63.47%.

Insider Activity

In other Simon Property Group news, Director Glyn Aeppel purchased 243 shares of the stock in a transaction dated Tuesday, June 30th. The stock was bought at an average price of $223.36 per share, for a total transaction of $54,276.48. Following the transaction, the director directly owned 21,067 shares in the company, valued at $4,705,525.12. This represents a 1.17% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Larry C. Glasscock purchased 397 shares of the 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 transaction, the director owned 45,902 shares in the company, valued at $10,253,588.76. This trade represents a 0.87% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders purchased 2,387 shares of company stock worth $533,056. Corporate insiders own 8.73% of the company's stock.

Analyst Upgrades and Downgrades

SPG has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft cut Simon Property Group from a "buy" rating to a "hold" rating and set a $220.00 target price on the stock. in a report on Thursday, July 9th. Morgan Stanley lifted their price target on Simon Property Group from $205.00 to $207.00 and gave the company an "equal weight" rating in a report on Tuesday, June 9th. LADENBURG THALM/SH SH upped their price target on shares of Simon Property Group from $250.00 to $275.00 and gave the stock a "buy" rating in a research report on Tuesday, August 11th. Citigroup increased their price objective on shares of Simon Property Group from $205.00 to $230.00 and gave the stock a "neutral" rating in a report on Monday, August 17th. Finally, Truist Financial raised their price objective on shares of Simon Property Group from $196.00 to $215.00 and gave the company a "hold" rating in a research report on Tuesday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $223.00.

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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