PCM Encore LLC Makes New $783,000 Investment in Simon Property Group, Inc. $SPG

PCM Encore LLC bought a new stake in shares of Simon Property Group, Inc. (NYSE:SPG) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 3,500 shares of the real estate investment trust’s stock, valued at approximately $783,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Simon Property Group during the 4th quarter worth about $1,112,111,000. Wellington Management Group LLP raised its stake in shares of Simon Property Group by 7.7% in the 4th quarter. Wellington Management Group LLP now owns 7,939,861 shares of the real estate investment trust’s stock valued at $1,469,748,000 after acquiring an additional 569,772 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Simon Property Group by 6.1% in the 1st quarter. Bank of America Corp DE now owns 8,503,133 shares of the real estate investment trust’s stock valued at $1,586,089,000 after acquiring an additional 491,519 shares in the last quarter. Cardano Risk Management B.V. acquired a new stake in Simon Property Group in the 2nd quarter worth approximately $104,281,000. Finally, BlackRock Inc. lifted its holdings in Simon Property Group by 1.2% in the 2nd quarter. BlackRock Inc. now owns 37,269,192 shares of the real estate investment trust’s stock worth $8,335,255,000 after purchasing an additional 455,543 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Insider Activity at Simon Property Group

In other news, Director Glyn Aeppel acquired 243 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The shares were bought at an average price of $223.36 per share, with a total value of $54,276.48. Following the acquisition, the director owned 21,067 shares of the company’s stock, valued at $4,705,525.12. This trade represents a 1.17% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marta R. Stewart acquired 182 shares of the stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average price of $223.16 per share, for a total transaction of $40,615.12. Following the completion of the transaction, the director owned 18,000 shares of the company’s stock, valued at $4,016,880. This trade represents a 1.02% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 2,387 shares of company stock worth $533,056 in the last three months. Company insiders own 8.73% of the company’s stock.

Wall Street Analyst Weigh In

SPG has been the topic of several analyst reports. 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 report on Monday, June 29th. JPMorgan Chase & Co. boosted their price objective on shares of Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a research note on Monday, June 1st. Morgan Stanley upped their price objective on shares of Simon Property Group from $205.00 to $207.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 9th. Barclays raised their target price on shares of Simon Property Group from $213.00 to $215.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Weiss Ratings upgraded shares of Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $223.00.

Simon Property Group Stock Down 1.3%

Shares of SPG opened at $220.33 on Friday. The company has a 50-day simple moving average of $223.07 and a 200-day simple moving average of $207.05. The firm has a market capitalization of $71.29 billion, a P/E ratio of 15.54, a P/E/G ratio of 2.78 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. Simon Property Group, Inc. has a 52 week low of $172.19 and a 52 week high of $238.50.

Simon Property Group (NYSE:SPG) last released its earnings results 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). Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the business earned $1.70 earnings per share. The firm’s quarterly revenue 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. On average, equities research analysts expect that Simon Property Group, Inc. will post 13.2 earnings per share for the current year.

Simon Property Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be given a $2.25 dividend. The ex-dividend date 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 dividend payout ratio (DPR) is currently 63.47%.

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.