Pasadena Private Wealth LLC Acquires Shares of 12,082 Simon Property Group, Inc. $SPG

Posted by George Bondi on Aug 20th, 2026

Pasadena Private Wealth LLC acquired a new position in shares of Simon Property Group, Inc. (NYSE:SPG – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 12,082 shares of the real estate investment trust’s stock, valued at approximately $2,702,000.

Several other hedge funds also recently made changes to their positions in SPG. Danske Bank A S lifted its stake in Simon Property Group by 11.1% in the fourth quarter. Danske Bank A S now owns 193,946 shares of the real estate investment trust’s stock valued at $35,901,000 after buying an additional 19,300 shares during the last quarter. Legal & General Group Plc grew its position in shares of Simon Property Group by 3.3% during the fourth quarter. Legal & General Group Plc now owns 3,783,976 shares of the real estate investment trust’s stock worth $700,452,000 after acquiring an additional 122,186 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of Simon Property Group by 3.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 604,773 shares of the real estate investment trust’s stock worth $111,950,000 after acquiring an additional 20,477 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Simon Property Group by 1,329.4% in the 4th 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 acquiring an additional 435,721 shares during the period. Finally, L & S Advisors Inc acquired a new position in shares of Simon Property Group in the 4th quarter valued at $4,058,000. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Simon Property Group Price Performance

Simon Property Group stock opened at $223.20 on Thursday. Simon Property Group, Inc. has a 12 month low of $172.19 and a 12 month high of $238.50. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.05 and a quick ratio of 1.05. The business has a 50 day simple moving average of $222.96 and a 200-day simple moving average of $206.84. The stock has a market capitalization of $72.22 billion, a PE ratio of 15.74, a price-to-earnings-growth ratio of 2.75 and a beta of 1.30.

Simon Property Group (NYSE:SPG – Get Free Report) last issued its quarterly earnings results 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 return on equity of 89.32% and a net margin of 66.56%.The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the business earned $1.70 earnings per share. Simon Property Group’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. Equities analysts predict that Simon Property Group, Inc. will post 13.2 earnings per share for the current year.

Simon Property Group Announces Dividend

The company also recently announced 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 4.0%. The ex-dividend date is Wednesday, September 9th. Simon Property Group’s dividend payout ratio (DPR) is 63.47%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SPG. Bank of America increased their price target on shares of Simon Property Group from $225.00 to $236.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Evercore set a $215.00 price objective on shares of Simon Property Group in a research note on Tuesday, July 7th. LADENBURG THALM/SH SH upped their target price on shares of Simon Property Group from $250.00 to $275.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Barclays upped 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 report on Monday. Finally, Weiss Ratings upgraded shares of Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Simon Property Group currently has a consensus rating of “Hold” and a consensus target price of $222.87.

View Our Latest Analysis on SPG

Insiders Place Their Bets

In other news, Director Larry C. Glasscock acquired 397 shares of Simon Property Group stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 45,902 shares in the company, valued at approximately $10,253,588.76. This trade represents a 0.87% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel C. Smith acquired 372 shares of the stock in a transaction on Tuesday, June 30th. The stock was acquired at an average cost of $223.31 per share, for a total transaction of $83,071.32. Following the acquisition, the director directly owned 34,480 shares in the company, valued at $7,699,728.80. This represents a 1.09% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have bought 2,387 shares of company stock valued at $533,056. Corporate insiders own 8.73% of the company’s stock.

Simon Property Group Profile

(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.