Principal Financial Group Inc. Sells 533,805 Shares of Simon Property Group, Inc. $SPG

Posted by Stanley Muller on Aug 15th, 2026

Principal Financial Group Inc. decreased its stake in shares of Simon Property Group, Inc. (NYSE:SPG – Free Report) by 20.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,061,411 shares of the real estate investment trust’s stock after selling 533,805 shares during the period. Principal Financial Group Inc.’s holdings in Simon Property Group were worth $461,037,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in SPG. Norges Bank acquired a new stake in Simon Property Group in the 4th quarter worth approximately $1,112,111,000. Wellington Management Group LLP grew its holdings in Simon Property Group by 7.7% during the fourth 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 purchasing an additional 569,772 shares during the last quarter. Bank of America Corp DE grew its holdings in Simon Property Group by 6.1% during the first 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 purchasing an additional 491,519 shares during the last quarter. Cardano Risk Management B.V. bought a new position in shares of Simon Property Group in the second quarter valued at approximately $104,281,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of 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 purchasing an additional 435,721 shares during the period. 93.01% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Daniel C. Smith purchased 372 shares of the firm’s stock in a transaction on Tuesday, June 30th. The shares were bought at an average cost of $223.31 per share, for a total transaction of $83,071.32. Following the transaction, the director directly owned 34,480 shares of the company’s stock, valued at approximately $7,699,728.80. This trade represents a 1.09% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Reuben S. Leibowitz acquired 508 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were bought at an average price of $223.38 per share, for a total transaction of $113,477.04. Following the acquisition, the director owned 55,797 shares in the company, valued at approximately $12,463,933.86. This trade represents a 0.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders acquired 2,387 shares of company stock worth $533,056. Corporate insiders own 8.73% of the company’s stock.

Analyst Ratings Changes

SPG has been the subject of a number of analyst reports. Barclays boosted their price objective on shares of Simon Property Group from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. Jefferies Financial Group upgraded shares of Simon Property Group to a “strong-buy” rating in a research note on Friday, June 26th. Scotiabank lifted their target price on shares of Simon Property Group from $206.00 to $220.00 and gave the stock a “sector perform” rating in a report on Thursday, June 18th. UBS Group boosted their target price on shares of Simon Property Group from $199.00 to $222.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price target for the company. in a report on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Simon Property Group presently has an average rating of “Hold” and a consensus target price of $221.07.

Get Our Latest Stock Report on Simon Property Group

Simon Property Group Stock Performance

Shares of NYSE SPG opened at $219.34 on Friday. Simon Property Group, Inc. has a 12 month low of $171.22 and a 12 month high of $238.50. The company has a market cap of $71.13 billion, a P/E ratio of 15.47, a P/E/G ratio of 2.86 and a beta of 1.30. The business’s 50 day moving average is $222.30 and its two-hundred day moving average is $205.94. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 5.19.

Simon Property Group (NYSE:SPG – Get Free Report) 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 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 business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the company posted $1.70 earnings per share. The firm’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, equities analysts expect that Simon Property Group, Inc. will post 13.2 EPS for the current year.

Simon Property Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 4.1%. The ex-dividend date is Wednesday, September 9th. Simon Property Group’s dividend payout ratio is presently 63.47%.

About Simon Property Group

(Free Report)

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.