Tocqueville Asset Management L.P. Acquires New Stake in Simon Property Group, Inc. $SPG

Tocqueville Asset Management L.P. bought a new position in shares of Simon Property Group, Inc. (NYSE:SPG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,314 shares of the real estate investment trust’s stock, valued at approximately $3,201,000.

A number of other institutional investors have also recently added to or reduced their stakes in SPG. one8zero8 LLC bought a new position in Simon Property Group during the 2nd quarter valued at $1,392,000. NewEdge Wealth LLC acquired a new stake in shares of Simon Property Group in the second quarter valued at $1,468,000. Bruni J V & Co. Co. bought a new position in Simon Property Group during the second quarter valued at about $5,534,443,000. Empirical Asset Management LLC bought a new position in Simon Property Group during the second quarter valued at about $238,000. Finally, Chancellor Financial Group WB LP acquired a new position in Simon Property Group during the second quarter worth about $291,000. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Simon Property Group Price Performance

SPG stock opened at $220.33 on Friday. Simon Property Group, Inc. has a one year low of $172.19 and a one year high of $238.50. The firm has a 50-day moving average of $223.07 and a two-hundred day moving average of $207.05. The firm has a market capitalization of $71.29 billion, a PE ratio of 15.54, a P/E/G ratio of 2.78 and a beta of 1.30. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 5.19.

Simon Property Group (NYSE:SPG) last released its 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 firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same period last year, the business earned $1.70 earnings per share. The business’s revenue was up 19.5% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. On average, analysts forecast that Simon Property Group, Inc. will post 13.2 earnings per share for the current year.

Simon Property Group Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have commented on SPG shares. Weiss Ratings upgraded shares of Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, August 12th. LADENBURG THALM/SH SH raised their price objective on shares of Simon Property Group from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. 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. Piper Sandler boosted their target price on shares of Simon Property Group from $230.00 to $285.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Finally, Citigroup increased their target price on shares of Simon Property Group from $205.00 to $230.00 and gave the company a “neutral” rating in a research note on Monday. Two equities research 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. According to data from MarketBeat.com, Simon Property Group currently has an average rating of “Hold” and an average price target of $223.00.

Insider Activity

In other Simon Property Group news, Director Reuben S. Leibowitz acquired 508 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was purchased at an average cost of $223.38 per share, for a total transaction of $113,477.04. Following the transaction, the director owned 55,797 shares of the company’s stock, valued at $12,463,933.86. The trade was a 0.92% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary M. Rodkin bought 256 shares of the stock in a transaction on Tuesday, June 30th. The shares were acquired at an average cost of $223.34 per share, for a total transaction of $57,175.04. Following the purchase, the director owned 21,016 shares in the company, valued at approximately $4,693,713.44. This represents a 1.23% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 2,387 shares of company stock valued at $533,056 in the last ninety days. Corporate insiders own 8.73% of the company’s stock.

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.