Wellington Management Group LLP Increases Position in Simon Property Group, Inc. $SPG

Wellington Management Group LLP lifted its stake in Simon Property Group, Inc. (NYSE:SPG) by 2.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,390,325 shares of the real estate investment trust’s stock after purchasing an additional 242,709 shares during the period. Wellington Management Group LLP owned approximately 2.90% of Simon Property Group worth $2,100,146,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in SPG. Brighton Jones LLC purchased a new stake in shares of Simon Property Group during the 4th quarter worth approximately $295,000. Marshall Wace LLP grew its holdings in shares of Simon Property Group by 316.2% in the 2nd quarter. Marshall Wace LLP now owns 19,787 shares of the real estate investment trust’s stock worth $3,181,000 after acquiring an additional 15,033 shares during the period. Jump Financial LLC increased its stake in Simon Property Group by 80.1% in the 2nd quarter. Jump Financial LLC now owns 16,881 shares of the real estate investment trust’s stock valued at $2,714,000 after purchasing an additional 7,506 shares in the last quarter. Cerity Partners LLC increased its stake in Simon Property Group by 1.7% in the 2nd quarter. Cerity Partners LLC now owns 35,740 shares of the real estate investment trust’s stock valued at $5,745,000 after purchasing an additional 598 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in Simon Property Group by 13.4% during the second quarter. NewEdge Advisors LLC now owns 28,444 shares of the real estate investment trust’s stock worth $4,573,000 after purchasing an additional 3,372 shares during the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Simon Property Group Price Performance

Shares of NYSE:SPG opened at $214.65 on Friday. The business’s fifty day moving average price is $223.52 and its two-hundred day moving average price is $207.92. The stock has a market cap of $69.45 billion, a PE ratio of 15.14, a price-to-earnings-growth ratio of 2.68 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 one year low of $172.19 and a one year high of $238.50.

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 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 company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the firm earned $1.70 earnings per share. The business’s 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, analysts forecast that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal year.

Simon Property Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Wednesday, September 9th. Simon Property Group’s dividend payout ratio is 63.47%.

Analyst Ratings Changes

A number of analysts have commented on SPG shares. Weiss Ratings upgraded Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, August 12th. Piper Sandler raised their price target on Simon Property Group from $230.00 to $285.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Mizuho lifted their price target on Simon Property Group from $211.00 to $226.00 and gave the stock a “neutral” rating in a research note on Thursday. Wolfe Research lowered shares of Simon Property Group from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, June 30th. Finally, Truist Financial increased their price objective on shares of Simon Property Group from $196.00 to $215.00 and gave the company a “hold” rating in a research note on Tuesday, June 23rd. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $225.27.

Insider Buying and Selling

In other news, Director Gary M. Rodkin acquired 256 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average price of $223.34 per share, with a total value of $57,175.04. Following the completion of the transaction, the director directly owned 21,016 shares in the company, valued at approximately $4,693,713.44. This 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 C. Glasscock acquired 397 shares of Simon Property Group stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average cost of $223.38 per share, for a total transaction of $88,681.86. Following the purchase, the director directly owned 45,902 shares of the company’s stock, valued at approximately $10,253,588.76. This trade represents a 0.87% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought 2,387 shares of company stock worth $533,056 in the last 90 days. 8.73% of the stock is currently owned by corporate insiders.

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.