UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 3,578,240 Shares of Simon Property Group, Inc. $SPG

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 13,579.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,604,590 shares of the real estate investment trust's stock after acquiring an additional 3,578,240 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.11% of Simon Property Group worth $806,167,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Brighton Jones LLC bought a new stake in Simon Property Group during the 4th quarter valued at approximately $295,000. Marshall Wace LLP boosted its stake in Simon Property Group by 316.2% in the 2nd quarter. Marshall Wace LLP now owns 19,787 shares of the real estate investment trust's stock worth $3,181,000 after purchasing an additional 15,033 shares during the period. Jump Financial LLC grew its holdings in Simon Property Group by 80.1% during the 2nd quarter. Jump Financial LLC now owns 16,881 shares of the real estate investment trust's stock valued at $2,714,000 after buying an additional 7,506 shares in the last quarter. Cerity Partners LLC grew its holdings in Simon Property Group by 1.7% during the 2nd quarter. Cerity Partners LLC now owns 35,740 shares of the real estate investment trust's stock valued at $5,745,000 after buying an additional 598 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of Simon Property Group by 13.4% during the second quarter. NewEdge Advisors LLC now owns 28,444 shares of the real estate investment trust's stock valued at $4,573,000 after buying an additional 3,372 shares during the last quarter. Institutional investors own 93.01% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Jefferies Financial Group raised shares of Simon Property Group to a "strong-buy" rating in a report on Friday, June 26th. Bank of America lifted their price target on shares of Simon Property Group from $225.00 to $236.00 and gave the company a "buy" rating in a report on Monday, June 29th. Wolfe Research cut shares of Simon Property Group from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, June 30th. Scotiabank increased 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. Finally, Weiss Ratings upgraded Simon Property Group from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $225.27.

Insiders Place Their Bets

In other Simon Property Group news, Director Glyn Aeppel purchased 243 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average price of $223.36 per share, with a total value of $54,276.48. Following the acquisition, the director owned 21,067 shares in the company, valued at approximately $4,705,525.12. The trade was a 1.17% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Reuben S. Leibowitz purchased 508 shares of the company's stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average price of $223.38 per share, with a total value of $113,477.04. Following the transaction, 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 position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders bought 2,387 shares of company stock worth $533,056. Insiders own 8.73% of the company's stock.

Simon Property Group Stock Down 0.1%

Shares of SPG opened at $214.65 on Friday. The stock has a market capitalization of $69.45 billion, a price-to-earnings ratio of 15.14, a price-to-earnings-growth ratio of 2.67 and a beta of 1.30. Simon Property Group, Inc. has a 1 year low of $172.19 and a 1 year high of $238.50. The business's 50 day simple moving average is $223.52 and its 200-day simple moving average is $207.92. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.05 and a quick ratio of 1.05.

Simon Property Group (NYSE:SPG - Get Free Report) last posted 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). Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The business 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 earnings per share. The company'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. As a group, equities analysts expect that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

The firm also recently disclosed 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. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, September 9th. Simon Property Group's dividend payout ratio (DPR) is presently 63.47%.

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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