Vise Technologies Inc. Buys New Holdings in Simon Property Group, Inc. $SPG

Vise Technologies Inc. purchased a new position in Simon Property Group, Inc. (NYSE:SPG) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 10,980 shares of the real estate investment trust’s stock, valued at approximately $2,456,000.

A number of other institutional investors also recently bought and sold shares of the business. Danske Bank A S boosted its stake in shares of Simon Property Group by 11.1% in the fourth quarter. Danske Bank A S now owns 193,946 shares of the real estate investment trust’s stock worth $35,901,000 after buying an additional 19,300 shares during the last quarter. Legal & General Group Plc raised its position in Simon Property Group by 3.3% during the fourth quarter. Legal & General Group Plc now owns 3,783,976 shares of the real estate investment trust’s stock valued at $700,452,000 after acquiring an additional 122,186 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Simon Property Group by 3.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 604,773 shares of the real estate investment trust’s stock valued at $111,950,000 after acquiring an additional 20,477 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings 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 acquiring an additional 435,721 shares during the period. Finally, L & S Advisors Inc purchased a new stake in Simon Property Group in the 4th quarter worth approximately $4,058,000. 93.01% of the stock is owned by hedge funds and other institutional investors.

Simon Property Group Trading Down 0.6%

Shares of NYSE:SPG opened at $218.52 on Friday. The business’s 50 day moving average price is $223.06 and its 200-day moving average price is $207.13. Simon Property Group, Inc. has a 1 year low of $172.19 and a 1 year high of $238.50. The firm has a market capitalization of $70.70 billion, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 2.74 and a beta of 1.30. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.05 and a quick ratio of 1.05.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 89.32% and a net margin of 66.56%.The business’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.70 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. On average, equities research analysts forecast that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

The business also recently announced 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. 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 payout ratio is currently 63.47%.

Insider Activity

In related news, Director Gary M. Rodkin purchased 256 shares of Simon Property Group stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average price of $223.34 per share, for a total transaction of $57,175.04. Following the transaction, the director directly owned 21,016 shares in the company, valued at approximately $4,693,713.44. This trade represents a 1.23% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Reuben S. Leibowitz purchased 508 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average cost of $223.38 per share, for a total transaction of $113,477.04. Following the completion of the purchase, the director directly owned 55,797 shares in the company, valued at $12,463,933.86. This represents a 0.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have acquired 2,387 shares of company stock worth $533,056. Company insiders own 8.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SPG. Piper Sandler raised their price objective on shares of Simon Property Group from $230.00 to $285.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Stifel Nicolaus increased their price target on shares of Simon Property Group from $194.00 to $209.00 and gave the stock a “hold” rating in a report on Tuesday, August 11th. Barclays increased their price target 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. Scotiabank lifted their price objective on shares of Simon Property Group from $220.00 to $222.00 and gave the company a “sector perform” rating in a report on Thursday. Finally, Wolfe Research downgraded shares of Simon Property Group from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, June 30th. Two equities research 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. Based on data from MarketBeat, Simon Property Group currently has an average rating of “Hold” and a consensus target price of $223.00.

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.