Global Retirement Partners LLC Invests $1.95 Million in Simon Property Group, Inc. $SPG

Global Retirement Partners LLC purchased a new stake in Simon Property Group, Inc. (NYSE:SPG) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,728 shares of the real estate investment trust’s stock, valued at approximately $1,952,000.

Several other institutional investors have also made changes to their positions in the stock. Norges Bank acquired a new position in Simon Property Group in the 4th quarter valued at $1,112,111,000. Wellington Management Group LLP grew its holdings 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 worth $1,469,748,000 after purchasing an additional 569,772 shares in the last quarter. Bank of America Corp DE increased its position in shares of Simon Property Group by 6.1% in 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 during the period. Cardano Risk Management B.V. bought a new position in shares of Simon Property Group in the second quarter worth $104,281,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Simon Property Group by 1,329.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 468,497 shares of the real estate investment trust’s stock valued at $86,723,000 after purchasing an additional 435,721 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors.

Simon Property Group Stock Down 0.1%

Shares of SPG opened at $219.34 on Monday. Simon Property Group, Inc. has a 52 week low of $171.22 and a 52 week high of $238.50. The stock has a market capitalization of $70.97 billion, a price-to-earnings ratio of 15.47, a PEG 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 stock has a fifty day moving average of $222.30 and a 200-day moving average of $206.09.

Simon Property Group (NYSE:SPG) last released 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 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 company’s revenue was up 19.5% compared to the same quarter last year. During the same period last year, the business earned $1.70 EPS. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. As a group, sell-side analysts anticipate that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th will be paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, September 9th. Simon Property Group’s dividend payout ratio (DPR) is presently 63.47%.

Insider Activity

In other news, Director Marta R. Stewart purchased 182 shares of Simon Property Group stock in a transaction dated Tuesday, June 30th. The shares were bought at an average cost of $223.16 per share, for a total transaction of $40,615.12. Following the completion of the acquisition, the director owned 18,000 shares in the company, valued at approximately $4,016,880. This trade represents a 1.02% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Larry C. Glasscock acquired 397 shares of the stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average cost of $223.38 per share, with a total value of $88,681.86. Following the purchase, the director directly owned 45,902 shares of the company’s stock, valued at $10,253,588.76. This trade represents a 0.87% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders acquired 2,387 shares of company stock valued at $533,056. 8.73% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SPG. Bank of America upped their price objective on shares of Simon Property Group from $225.00 to $236.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Scotiabank raised their target price on shares of Simon Property Group from $206.00 to $220.00 and gave the company a “sector perform” rating in a report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft cut shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 target price for the company. in a research report on Thursday, July 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 report on Tuesday, August 11th. Finally, Barclays increased their price target on shares of Simon Property Group from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 25th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $221.07.

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.