Simon Property Group, Inc. $SPG Shares Purchased by QRG Capital Management Inc.

04 Jul 2026, 12:00 by Danessa Lincoln · The Markets Daily

QRG Capital Management Inc. increased its holdings in shares of Simon Property Group, Inc. (NYSE:SPG – Free Report) by 2.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,633 shares of the real estate investment trust’s stock after purchasing an additional 2,670 shares during the period. QRG Capital Management Inc.’s holdings in Simon Property Group were worth $22,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Stance Capital LLC purchased a new stake in Simon Property Group in the third quarter valued at $26,000. Wilkerson Advisory Group LLC purchased a new position in shares of Simon Property Group during the 4th quarter valued at about $29,000. SHP Wealth Management acquired a new position in shares of Simon Property Group in the 4th quarter valued at about $34,000. Tompkins Financial Corp acquired a new position in shares of Simon Property Group in the 4th quarter valued at about $42,000. Finally, Cullen Frost Bankers Inc. lifted its holdings in shares of Simon Property Group by 79.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 111 shares during the period. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SPG has been the topic of several analyst reports. Stifel Nicolaus raised their target price on Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a report on Tuesday, May 12th. Barclays increased their price target on shares of Simon Property Group from $212.00 to $213.00 and gave the stock an “equal weight” rating in a report on Thursday, June 25th. Truist Financial raised 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. Citigroup lifted their price objective on shares of Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Finally, Scotiabank upped their price objective on shares of 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. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $211.47.

Check Out Our Latest Research Report on SPG

Insider Transactions at Simon Property Group

In other Simon Property Group news, Director Reuben S. Leibowitz acquired 508 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average cost of $223.38 per share, for a total transaction of $113,477.04. Following the completion of the acquisition, the director owned 55,797 shares of the company’s stock, valued at approximately $12,463,933.86. The trade was a 0.92% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gary M. Rodkin acquired 256 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average price of $223.34 per share, with a total value of $57,175.04. Following the completion of the transaction, the director directly owned 21,016 shares of the company’s stock, valued at $4,693,713.44. This trade represents a 1.23% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired a total of 2,387 shares of company stock valued at $533,056 in the last ninety days. 8.73% of the stock is currently owned by corporate insiders.

Simon Property Group Stock Performance

NYSE SPG opened at $225.77 on Friday. The stock’s 50 day simple moving average is $209.31 and its 200-day simple moving average is $197.56. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $73.21 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 4.09 and a beta of 1.29. Simon Property Group, Inc. has a 1-year low of $159.33 and a 1-year high of $228.57.

Simon Property Group (NYSE:SPG – Get Free Report) last released its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the prior year, the firm earned $2.95 earnings per share. The company’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. As a group, equities research analysts anticipate that Simon Property Group, Inc. will post 13.21 EPS for the current fiscal year.

Simon Property Group Increases Dividend

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

Simon Property Group Company 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.