NEOS Investment Management LLC Raises Holdings in Simon Property Group, Inc. $SPG

NEOS Investment Management LLC lifted its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 15.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 118,677 shares of the real estate investment trust’s stock after acquiring an additional 15,638 shares during the quarter. NEOS Investment Management LLC’s holdings in Simon Property Group were worth $26,542,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Simon Property Group during the fourth quarter worth about $1,112,111,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Simon Property Group by 13,579.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,604,590 shares of the real estate investment trust’s stock valued at $806,167,000 after purchasing an additional 3,578,240 shares during the period. Legal & General Group Plc bought a new stake in shares of Simon Property Group in the second quarter valued at approximately $783,974,000. Canada Pension Plan Investment Board purchased a new stake in shares of Simon Property Group during the 2nd quarter valued at approximately $489,647,000. Finally, Caisse de depot et placement du Quebec purchased a new stake in shares of Simon Property Group during the 2nd quarter valued at approximately $143,948,000. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SPG shares. Piper Sandler lifted their price objective on shares of Simon Property Group from $230.00 to $285.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Stifel Nicolaus increased their target price on Simon Property Group from $194.00 to $209.00 and gave the stock a “hold” rating in a research report on Tuesday, August 11th. UBS Group raised their price objective on shares of Simon Property Group from $199.00 to $222.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Truist Financial lifted their price objective on Simon Property Group from $196.00 to $215.00 and gave the company a “hold” rating in a research note on Tuesday, June 23rd. Finally, Scotiabank lifted their target price on shares of Simon Property Group from $220.00 to $222.00 and gave the company a “sector perform” rating in a research report on Thursday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $228.14.

Simon Property Group Stock Performance

NYSE SPG opened at $209.49 on Friday. The company has a 50-day simple moving average of $222.53 and a two-hundred day simple moving average of $208.46. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.19. Simon Property Group, Inc. has a 12-month low of $172.19 and a 12-month high of $238.50. The firm has a market cap of $67.78 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 3.19 and a beta of 1.28.

Simon Property Group (NYSE:SPG) last released its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.49 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.15). Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.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 prior year, the firm posted $1.70 EPS. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. On average, equities analysts forecast that Simon Property Group, Inc. will post 13.2 EPS for the current 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. This represents a $9.00 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, September 9th. Simon Property Group’s payout ratio is 63.47%.

Insider Transactions at Simon Property Group

In related news, Director Gary Rodkin acquired 256 shares of the stock in a transaction 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 completion of the transaction, the director owned 21,016 shares of the company’s stock, valued at $4,693,713.44. This trade represents a 1.23% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Larry Glasscock bought 397 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average price of $223.38 per share, for a total transaction of $88,681.86. Following the acquisition, the director directly owned 45,902 shares of the company’s stock, valued at approximately $10,253,588.76. The trade was a 0.87% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 2,387 shares of company stock valued at $533,056. Insiders own 8.73% of the company’s stock.

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.