Vise Technologies Inc. Invests $2.46 Million in Simon Property Group, Inc. $SPG

Key Points

• Vise Technologies acquired 10,980 shares of Simon Property Group worth approximately $2.46 million during the second quarter. Institutional investors collectively own 93.01% of SPG’s outstanding shares.
• Simon reported quarterly EPS of $1.49, missing estimates of $1.64, while revenue rose 19.5% year over year to $1.79 billion and exceeded expectations.
• The company declared a quarterly dividend of $2.25 per share, equivalent to $9.00 annually and a 4.1% yield. Analysts maintain a consensus “Hold” rating with an average price target of $223.

Vise Technologies Inc. bought a new stake in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,980 shares of the real estate investment trust's stock, valued at approximately $2,456,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SPG. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of Simon Property Group during the 2nd quarter worth $12,882,000. E Fund Management Co. Ltd. purchased a new position in Simon Property Group in the second quarter valued at about $265,000. Pasadena Private Wealth LLC purchased a new position in Simon Property Group in the second quarter valued at about $2,702,000. Northcape Wealth Management LLC bought a new position in Simon Property Group in the second quarter worth about $221,000. Finally, Strathmore Capital Advisors Inc. bought a new position in Simon Property Group in the second quarter worth about $864,000. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Simon Property Group Price Performance

Shares of NYSE SPG opened at $218.52 on Friday. Simon Property Group, Inc. has a fifty-two week low of $172.19 and a fifty-two week high of $238.50. The company has a market cap of $70.70 billion, a PE ratio of 15.41, a P/E/G ratio of 2.74 and a beta of 1.30. The company has a debt-to-equity ratio of 5.19, a quick ratio of 1.05 and a current ratio of 1.05. The business has a 50-day simple moving average of $223.06 and a two-hundred day simple moving average of $207.13.

Simon Property Group (NYSE:SPG - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.15). The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The business's revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.70 EPS. 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 EPS for the current fiscal 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 paid 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 yield of 4.1%. Simon Property Group's dividend payout ratio is presently 63.47%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SPG. UBS Group raised their price target on shares of Simon Property Group from $199.00 to $222.00 and gave the company a "neutral" rating in a report on Thursday, July 9th. Barclays boosted their price objective on shares of Simon Property Group from $213.00 to $215.00 and gave the stock an "equal weight" rating in a research note on Monday. Truist Financial raised their target price on shares of Simon Property Group from $196.00 to $215.00 and gave the company a "hold" rating in a research note on Tuesday, June 23rd. Scotiabank lifted their price target on shares of Simon Property Group from $220.00 to $222.00 and gave the stock a "sector perform" rating in a report on Thursday. Finally, Wolfe Research lowered shares of Simon Property Group from an "outperform" rating to a "peer perform" rating in a report on Tuesday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $223.00.

Insider Buying and Selling at Simon Property Group

In related news, Director Larry C. Glasscock purchased 397 shares of the firm's stock in a transaction on Tuesday, June 30th. The stock was acquired at an average price of $223.38 per share, with a total value of $88,681.86. Following the completion of the acquisition, the director owned 45,902 shares in the company, valued at approximately $10,253,588.76. This represents a 0.87% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Glyn Aeppel acquired 243 shares of the stock in a transaction dated Tuesday, June 30th. The shares were bought at an average price of $223.36 per share, with a total value of $54,276.48. Following the completion of the purchase, the director directly owned 21,067 shares of the company's stock, valued at approximately $4,705,525.12. This trade represents a 1.17% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 2,387 shares of company stock worth $533,056 in the last three months. 8.73% of the stock is owned by company insiders.

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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