Coppell Advisory Solutions LLC Takes $1.25 Million Position in Simon Property Group, Inc. $SPG

Coppell Advisory Solutions LLC purchased a new position in Simon Property Group, Inc. (NYSE:SPG) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 5,603 shares of the real estate investment trust’s stock, valued at approximately $1,253,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Stance Capital LLC acquired a new position in Simon Property Group in the 3rd quarter worth $26,000. Ancora Advisors LLC bought a new position in Simon Property Group during the 2nd quarter worth about $27,000. Wilkerson Advisory Group LLC acquired a new stake in shares of Simon Property Group in the 4th quarter valued at about $29,000. Osbon Capital Management LLC acquired a new stake in shares of Simon Property Group in the 2nd quarter valued at about $32,000. Finally, SHP Wealth Management bought a new stake in shares of Simon Property Group in the fourth quarter valued at about $34,000. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Simon Property Group Price Performance

Shares of NYSE SPG opened at $210.15 on Thursday. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.05 and a quick ratio of 1.05. The business has a 50-day moving average of $223.16 and a 200-day moving average of $208.36. The stock has a market capitalization of $68.00 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 3.19 and a beta of 1.28. Simon Property Group, Inc. has a fifty-two week low of $172.19 and a fifty-two week high of $238.50.

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 (EPS) 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 company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the company posted $1.70 EPS. 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. As a group, sell-side analysts predict that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th will be paid 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 4.3%. Simon Property Group’s dividend payout ratio is currently 63.47%.

Insider Buying and Selling

In other news, Director Gary M. Rodkin bought 256 shares of the stock in a transaction that occurred 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 completion of 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Larry C. Glasscock purchased 397 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were purchased at an average cost of $223.38 per share, for a total transaction of $88,681.86. Following the completion of the transaction, the director directly owned 45,902 shares of the company’s stock, valued at approximately $10,253,588.76. This represents a 0.87% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 2,387 shares of company stock worth $533,056 in the last quarter. 8.73% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SPG shares. Citigroup increased their price objective on Simon Property Group from $205.00 to $230.00 and gave the stock a “neutral” rating in a report on Monday, August 17th. LADENBURG THALM/SH SH boosted their target price on Simon Property Group from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft downgraded Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price target for the company. in a research report on Thursday, July 9th. Scotiabank raised their price target on shares of Simon Property Group from $220.00 to $222.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 20th. Finally, Morgan Stanley lifted their price objective on shares of Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a report on Tuesday, June 9th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $225.27.

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.