Nicholas Investment Partners LP Makes New $11.02 Million Investment in Simon Property Group, Inc. $SPG

Nicholas Investment Partners LP acquired a new stake in shares of Simon Property Group, Inc. (NYSE:SPG) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 49,290 shares of the real estate investment trust’s stock, valued at approximately $11,024,000.

Several other large investors have also recently added to or reduced their stakes in SPG. Legal & General Group Plc acquired a new stake in shares of Simon Property Group during the second quarter worth approximately $783,974,000. The Manufacturers Life Insurance Company bought a new position in shares of Simon Property Group in the second quarter worth about $55,586,000. Jones Financial Companies Lllp acquired a new position in Simon Property Group during the 2nd quarter worth $8,194,000. Fiduciary Financial Advisors acquired a new position in shares of Simon Property Group during the second quarter valued at $34,000. Finally, L2 Asset Management LLC acquired a new position in Simon Property Group during the 2nd quarter valued at about $785,000. 93.01% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Reuben S. Leibowitz acquired 508 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average cost of $223.38 per share, for a total transaction of $113,477.04. Following the completion of the acquisition, the director directly owned 55,797 shares in the company, valued at approximately $12,463,933.86. The trade was a 0.92% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Gary M. Rodkin acquired 256 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average cost of $223.34 per share, for a total transaction of $57,175.04. Following the completion of the transaction, the director directly owned 21,016 shares in the company, valued at $4,693,713.44. This represents a 1.23% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have acquired 2,387 shares of company stock valued at $533,056. 8.73% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on SPG. UBS Group increased their target price on Simon Property Group from $199.00 to $222.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft cut shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price objective for the company. in a report on Thursday, July 9th. LADENBURG THALM/SH SH increased their target price 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. Barclays increased their target price on shares of Simon Property Group from $213.00 to $215.00 and gave the stock an “equal weight” rating in a report on Monday, August 17th. 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 stock. Based on data from MarketBeat.com, Simon Property Group currently has an average rating of “Hold” and a consensus target price of $223.00.

Simon Property Group Trading Up 1.1%

NYSE SPG opened at $220.66 on Tuesday. Simon Property Group, Inc. has a one year low of $172.19 and a one year high of $238.50. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market cap of $71.40 billion, a P/E ratio of 15.56, a P/E/G ratio of 2.72 and a beta of 1.30. The stock’s 50-day moving average is $223.18 and its 200-day moving average is $207.46.

Simon Property Group (NYSE:SPG) last issued 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). 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 analyst estimates of $1.61 billion. During the same quarter in the prior year, the firm posted $1.70 earnings per share. Simon Property Group’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. Sell-side analysts anticipate that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

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 $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 yield of 4.1%. Simon Property Group’s payout ratio is presently 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.