Allspring Global Investments Holdings LLC Has $18.38 Million Position in Simon Property Group, Inc. $SPG

Allspring Global Investments Holdings LLC boosted its position in Simon Property Group, Inc. (NYSE:SPG) by 3.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 97,715 shares of the real estate investment trust’s stock after buying an additional 3,137 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Simon Property Group were worth $18,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Independent Financial Group LLC bought a new position in Simon Property Group during the 1st quarter worth $787,000. Prosperity Consulting Group LLC grew its stake in shares of Simon Property Group by 4.8% in the first quarter. Prosperity Consulting Group LLC now owns 1,613 shares of the real estate investment trust’s stock valued at $301,000 after acquiring an additional 74 shares in the last quarter. BCGM Wealth Management LLC grew its stake in shares of Simon Property Group by 5.1% in the first quarter. BCGM Wealth Management LLC now owns 11,354 shares of the real estate investment trust’s stock valued at $2,118,000 after acquiring an additional 551 shares in the last quarter. D.A. Davidson & CO. grew its stake in shares of Simon Property Group by 9.1% in the first quarter. D.A. Davidson & CO. now owns 32,846 shares of the real estate investment trust’s stock valued at $6,127,000 after acquiring an additional 2,735 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Simon Property Group during the first quarter worth about $93,000. 93.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on SPG shares. Bank of America lifted their price objective 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. Wolfe Research cut shares of Simon Property Group from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 30th. Truist Financial lifted their price target on shares of Simon Property Group from $196.00 to $215.00 and gave the company a “hold” rating in a research report on Tuesday, June 23rd. JPMorgan Chase & Co. boosted their price target on Simon Property Group from $210.00 to $217.00 and gave the company a “neutral” rating in a research note on Monday, June 1st. Finally, Jefferies Financial Group raised Simon Property Group to a “strong-buy” rating in a research report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, Simon Property Group has a consensus rating of “Hold” and an average target price of $216.14.

Simon Property Group Trading Down 0.6%

Shares of Simon Property Group stock opened at $226.72 on Wednesday. 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 12-month low of $159.70 and a 12-month high of $231.52. The company has a market capitalization of $73.52 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 2.95 and a beta of 1.29. The firm’s 50-day moving average price is $214.37 and its two-hundred day moving average price is $200.83.

Simon Property Group (NYSE:SPG) last issued its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 EPS for the quarter, beating the consensus estimate of $1.46 by $0.02. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the previous year, the company earned $2.95 EPS. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. On average, analysts forecast that Simon Property Group, Inc. will post 13.21 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were given a dividend of $2.25 per share. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 annualized dividend and a yield of 4.0%. The ex-dividend date was Tuesday, June 9th. Simon Property Group’s dividend payout ratio (DPR) is presently 62.54%.

Insider Buying and Selling at Simon Property Group

In other Simon Property Group news, Director Glyn Aeppel bought 243 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was purchased at an average cost of $223.36 per share, for a total transaction of $54,276.48. Following the completion of the purchase, the director directly owned 21,067 shares of the company’s stock, valued at approximately $4,705,525.12. This trade represents a 1.17% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gary M. Rodkin bought 256 shares of Simon Property Group stock in a transaction on 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 acquisition, the director owned 21,016 shares in the company, valued at approximately $4,693,713.44. This represents a 1.23% 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 valued at $533,056. 8.73% of the stock is currently owned by insiders.

Simon Property Group 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.