KMG Fiduciary Partners LLC grew its holdings in Simon Property Group, Inc. (NYSE:SPG – Free Report) by 186.9% during the second quarter, HoldingsChannel reports. The firm owned 6,972 shares of the real estate investment trust’s stock after acquiring an additional 4,542 shares during the period. KMG Fiduciary Partners LLC’s holdings in Simon Property Group were worth $1,559,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in SPG. Norges Bank purchased a new stake in Simon Property Group during the fourth quarter worth about $1,112,111,000. Wellington Management Group LLP boosted its stake in shares of Simon Property Group by 7.7% in 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 period. Bank of America Corp DE grew its holdings in shares of Simon Property Group by 6.1% in 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 in the last quarter. Cardano Risk Management B.V. purchased a new stake in Simon Property Group during the 2nd quarter worth approximately $104,281,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Simon Property Group by 1,329.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 468,497 shares of the real estate investment trust’s stock worth $86,723,000 after buying an additional 435,721 shares during the period. 93.01% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the stock. Citigroup raised their price target on shares of Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Scotiabank upped their price objective on Simon Property Group from $206.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 18th. Truist Financial increased their price objective on Simon Property Group from $196.00 to $215.00 and gave the company a “hold” rating in a research note on Tuesday, June 23rd. Jefferies Financial Group upgraded Simon Property Group to a “strong-buy” rating in a report on Friday, June 26th. Finally, Morgan Stanley boosted their target price on Simon Property Group from $205.00 to $207.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $216.14.
Insider Buying and Selling
In other news, Director Larry C. Glasscock bought 397 shares of Simon Property Group stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average cost of $223.38 per share, with a total value of $88,681.86. Following the acquisition, the director 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Glyn Aeppel bought 243 shares of Simon Property Group stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average cost of $223.36 per share, with a total value of $54,276.48. Following the completion of the acquisition, the director directly owned 21,067 shares in the company, valued at approximately $4,705,525.12. The trade was a 1.17% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 2,387 shares of company stock valued at $533,056 over the last ninety days. Company insiders own 8.73% of the company’s stock.
Simon Property Group News Summary
Here are the key news stories impacting Simon Property Group this week:
- Positive Sentiment: Funds from operations and revenue exceeded expectations. Simon reported second-quarter real estate FFO of $3.29 per share, above the $3.18 consensus estimate and up from $3.05 a year earlier. Revenue rose 19.5% year over year to approximately $1.8 billion, also surpassing estimates. Simon Property Q2 FFO and Revenues Top Estimates
- Positive Sentiment: Management increased its 2026 outlook. Simon raised its full-year 2026 real estate FFO guidance to approximately $13.20-$13.30 per share. The increase signals continued confidence in occupancy, rent growth and consumer traffic across its premier shopping and mixed-use properties. Simon Reports Second Quarter 2026 Results and Increases Guidance
- Neutral Sentiment: Institutional and insider activity is broadly supportive but not decisive. Recent filings showed substantially more insider purchases than sales, while large institutional investors made both significant additions and reductions to their positions. These transactions may provide a favorable sentiment signal but are not directly tied to the quarterly results.
- Neutral Sentiment: Valuation and analyst expectations may limit upside. The updated guidance range is close to the approximately $13.21 analyst consensus, and the reported median analyst price target of $215 is near the recent trading range, suggesting expectations were already elevated.
- Negative Sentiment: Reported GAAP profitability was weaker than the FFO headline. A third-party data report indicated net income attributable to common shareholders fell sharply to $57.8 million, with diluted EPS of $0.29. Although REIT investors typically emphasize FFO, the discrepancy may have prompted caution and contributed to the stock’s decline. Simon Property Group Releases Q2 2026 Earnings
Simon Property Group Stock Performance
Shares of Simon Property Group stock opened at $220.10 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 4.68. Simon Property Group, Inc. has a 52 week low of $163.29 and a 52 week high of $238.50. The firm’s 50 day moving average is $221.15 and its two-hundred day moving average is $205.09. The firm has a market capitalization of $71.38 billion, a P/E ratio of 15.30, a P/E/G ratio of 2.88 and a beta of 1.30.
Simon Property Group (NYSE:SPG – Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $3.29 earnings per share for the quarter, topping the consensus estimate of $1.64 by $1.65. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the firm earned $1.70 EPS. The company’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. Research analysts forecast that Simon Property Group, Inc. will post 13.21 EPS for the current fiscal year.
Simon Property Group Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be given a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $9.00 dividend on an annualized basis and a yield of 4.1%. Simon Property Group’s payout ratio is 62.54%.
About Simon Property Group
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.
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