Westpac Banking Corp Makes New $8.20 Million Investment in Simon Property Group, Inc. $SPG

Posted by Brian Himes on Aug 22nd, 2026

Westpac Banking Corp bought a new position in shares of Simon Property Group, Inc. (NYSE:SPG – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 36,666 shares of the real estate investment trust’s stock, valued at approximately $8,200,000.

A number of other large investors have also made changes to their positions in the stock. Danske Bank A S grew its holdings in shares of 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 purchasing an additional 19,300 shares during the period. Legal & General Group Plc raised its stake in 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 purchasing an additional 122,186 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in Simon Property Group by 3.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 604,773 shares of the real estate investment trust’s stock valued at $111,950,000 after purchasing an additional 20,477 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in 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 purchasing an additional 435,721 shares during the last quarter. Finally, L & S Advisors Inc purchased a new stake in shares of Simon Property Group in the 4th quarter valued at approximately $4,058,000. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Simon Property Group Trading Down 0.6%

Shares of SPG stock opened at $218.52 on Friday. 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 cap of $70.70 billion, a PE ratio of 15.41, a price-to-earnings-growth ratio of 2.74 and a beta of 1.30. The company has a 50-day moving average of $223.06 and a two-hundred day moving average of $207.13. 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 (NYSE:SPG – Get Free Report) last released its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.15). The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. Simon Property Group’s revenue was up 19.5% on a year-over-year basis. During the same period last year, the firm posted $1.70 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. On average, analysts predict 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 issued a $2.25 dividend. 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 (DPR) is 63.47%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SPG. Wolfe Research downgraded shares of Simon Property Group from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 30th. Scotiabank upped their price objective on Simon Property Group from $220.00 to $222.00 and gave the company a “sector perform” rating in a report on Thursday. Barclays increased their price objective on Simon Property Group from $213.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Monday. Evercore set a $215.00 target price on Simon Property Group in a research note on Tuesday, July 7th. Finally, JPMorgan Chase & Co. lifted their target price on Simon Property Group from $210.00 to $217.00 and gave the company a “neutral” rating in a research report on Monday, June 1st. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $223.00.

Get Our Latest Stock Analysis on Simon Property Group

Insider Buying and Selling

In other news, Director Gary M. Rodkin purchased 256 shares of the stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average cost of $223.34 per share, for a total transaction 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 purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Marta R. Stewart acquired 182 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average price of $223.16 per share, for a total transaction of $40,615.12. Following the acquisition, the director directly owned 18,000 shares in the company, valued at approximately $4,016,880. This trade represents a 1.02% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 2,387 shares of company stock valued at $533,056 over the last quarter. 8.73% of the stock is owned by corporate insiders.

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.