Jupiter Topco LLC Buys New Shares in Simon Property Group, Inc. $SPG

Jupiter Topco LLC bought a new position in shares of Simon Property Group, Inc. (NYSE:SPG) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 462,314 shares of the real estate investment trust’s stock, valued at approximately $103,445,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Stance Capital LLC acquired a new position in shares of Simon Property Group during the 3rd quarter worth about $26,000. Ancora Advisors LLC acquired a new stake in Simon Property Group in the 2nd quarter valued at about $27,000. Wilkerson Advisory Group LLC acquired a new stake in Simon Property Group in the 4th quarter valued at about $29,000. Osbon Capital Management LLC bought a new position in Simon Property Group during the second quarter worth about $32,000. Finally, SHP Wealth Management bought a new position in Simon Property Group during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 93.01% of the company’s stock.

Insider Buying and Selling at Simon Property Group

In other Simon Property Group news, Director Reuben S. Leibowitz acquired 508 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was acquired at an average price of $223.38 per share, for a total transaction of $113,477.04. Following the purchase, the director directly owned 55,797 shares of the company’s stock, valued at $12,463,933.86. This trade represents a 0.92% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel C. Smith acquired 372 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was acquired at an average cost of $223.31 per share, with a total value of $83,071.32. Following the acquisition, the director directly owned 34,480 shares in the company, valued at approximately $7,699,728.80. This trade represents a 1.09% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 2,387 shares of company stock valued at $533,056 in the last quarter. Company insiders own 8.73% of the company’s stock.

Simon Property Group Price Performance

Shares of NYSE SPG opened at $217.12 on Thursday. The firm has a market cap of $70.25 billion, a P/E ratio of 15.31, a price-to-earnings-growth ratio of 2.73 and a beta of 1.30. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 5.19. 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 moving average is $223.39 and its 200-day moving average is $207.76.

Simon Property Group (NYSE:SPG) last released its quarterly 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). The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.70 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Equities research analysts predict that Simon Property Group, Inc. will post 13.2 earnings per share for the current year.

Simon Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be paid a $2.25 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $9.00 annualized dividend and a dividend yield of 4.1%. Simon Property Group’s dividend payout ratio is 63.47%.

Wall Street Analyst Weigh In

Several analysts have issued reports on SPG shares. Barclays upped their price objective on Simon Property Group from $213.00 to $215.00 and gave the company an “equal weight” rating in a research note on Monday, August 17th. Truist Financial lifted their target price on Simon Property Group from $196.00 to $215.00 and gave the stock a “hold” rating in a research note on Tuesday, June 23rd. Stifel Nicolaus boosted their target price on Simon Property Group from $194.00 to $209.00 and gave the stock a “hold” rating in a report on Tuesday, August 11th. Bank of America increased their price target on Simon Property Group from $225.00 to $236.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft downgraded Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price target for the company. in a report on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $223.00.

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.