TD Waterhouse Canada Inc. Grows Position in Simon Property Group, Inc. $SPG

TD Waterhouse Canada Inc. lifted its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 502.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,031 shares of the real estate investment trust’s stock after purchasing an additional 24,215 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Simon Property Group were worth $6,475,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SPG. Norges Bank purchased a new position in shares of Simon Property Group in the 4th quarter valued at about $1,112,111,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Simon Property Group by 13,579.7% during 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 worth $806,167,000 after purchasing an additional 3,578,240 shares in the last quarter. Legal & General Group Plc purchased a new position in Simon Property Group during the second quarter worth approximately $783,974,000. Canada Pension Plan Investment Board acquired a new stake in Simon Property Group in the second quarter valued at approximately $489,647,000. Finally, Caisse de depot et placement du Quebec acquired a new stake in Simon Property Group in the second quarter valued at approximately $143,948,000. 93.01% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Simon Property Group

In other Simon Property Group news, Director Larry C. Glasscock acquired 397 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was bought at an average price of $223.38 per share, for a total transaction of $88,681.86. Following the acquisition, the director owned 45,902 shares in the company, valued at approximately $10,253,588.76. The trade was a 0.87% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Daniel C. Smith bought 372 shares of the stock in a transaction dated Tuesday, June 30th. The shares were bought at an average price of $223.31 per share, for a total transaction of $83,071.32. Following the completion of the acquisition, the director owned 34,480 shares in the company, valued at approximately $7,699,728.80. The trade was a 1.09% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders bought 2,387 shares of company stock valued at $533,056. Company insiders own 8.73% of the company’s stock.

Analyst Upgrades and Downgrades

SPG has been the topic of a number of recent analyst reports. Evercore set a $215.00 target price on Simon Property Group in a research report on Tuesday, July 7th. Wolfe Research cut shares of Simon Property Group from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, June 30th. Scotiabank increased 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, August 20th. Barclays lifted 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 report on Monday, August 17th. Finally, Weiss Ratings raised shares of Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, Simon Property Group has an average rating of “Hold” and an average target price of $228.14.

Simon Property Group Stock Performance

Shares of NYSE:SPG opened at $209.49 on Monday. 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, Inc. has a 1 year low of $172.19 and a 1 year high of $238.50. The firm has a market capitalization of $67.78 billion, a PE ratio of 14.77, a P/E/G ratio of 3.16 and a beta of 1.28. The business’s 50 day moving average price is $222.53 and its 200-day moving average price is $208.55.

Simon Property Group (NYSE:SPG) last posted 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 net margin of 66.56% and a return on equity of 89.32%. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the company posted $1.70 earnings per share. The firm’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. As a group, equities research analysts expect that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th will be paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, September 9th. 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.