Simon Property Group, Inc. $SPG Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA cut its stake in Simon Property Group, Inc. (NYSE:SPG) by 5.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 923,713 shares of the real estate investment trust’s stock after selling 48,791 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.28% of Simon Property Group worth $221,012,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SPG. Vanguard Group Inc. increased its stake in Simon Property Group by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 46,969,966 shares of the real estate investment trust’s stock worth $8,694,610,000 after buying an additional 286,464 shares in the last quarter. State Street Corp lifted its position in shares of Simon Property Group by 1.5% in the third quarter. State Street Corp now owns 21,765,492 shares of the real estate investment trust’s stock valued at $4,084,730,000 after acquiring an additional 312,995 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Simon Property Group by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 10,572,677 shares of the real estate investment trust’s stock worth $1,950,967,000 after acquiring an additional 363,337 shares during the last quarter. Capital World Investors increased its position in shares of 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 purchasing an additional 226,271 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Simon Property Group by 6.1% during the first quarter. Bank of America Corp DE now owns 8,503,133 shares of the real estate investment trust’s stock worth $1,586,089,000 after purchasing an additional 491,519 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Daniel C. Smith purchased 372 shares of Simon Property Group stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average price of $223.31 per share, with a total value of $83,071.32. Following the transaction, the director owned 34,480 shares in the company, valued at $7,699,728.80. This represents a 1.09% 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 Glyn Aeppel acquired 243 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average price of $223.36 per share, for a total transaction of $54,276.48. Following the completion of the acquisition, the director directly owned 21,067 shares of the company’s stock, valued at $4,705,525.12. The trade was a 1.17% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 2,387 shares of company stock valued at $533,056 in the last quarter. Insiders own 8.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on SPG. Citigroup increased their price objective on Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Scotiabank upped their target price on shares of Simon Property Group from $206.00 to $220.00 and gave the stock a “sector perform” rating in a report on Thursday, June 18th. Stifel Nicolaus increased their target price on shares of Simon Property Group from $194.00 to $209.00 and gave the company a “hold” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft downgraded shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price target on the stock. in a research note on Thursday, July 9th. Finally, Evercore set a $215.00 price target on shares of Simon Property Group in a research report on Tuesday, July 7th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $221.07.

Simon Property Group Stock Performance

NYSE SPG opened at $219.34 on Friday. The stock’s fifty day moving average is $222.30 and its two-hundred day moving average is $205.94. The firm has a market capitalization of $71.13 billion, a P/E ratio of 15.47, a price-to-earnings-growth ratio of 2.86 and a beta of 1.30. The company has a debt-to-equity ratio of 5.19, a quick ratio of 0.84 and a current ratio of 1.05. Simon Property Group, Inc. has a fifty-two week low of $171.22 and a fifty-two week high of $238.50.

Simon Property Group (NYSE:SPG) last issued its earnings results 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). Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the previous year, the company earned $1.70 earnings per share. The firm’s quarterly revenue 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. On average, research analysts anticipate 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. Investors of record on Wednesday, September 9th will be issued a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.1%. Simon Property Group’s dividend payout ratio is currently 63.47%.

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.