Simon Property Group, Inc. $SPG Stock Purchased by Simplicity Wealth LLC

Simplicity Wealth LLC boosted its stake in Simon Property Group, Inc. (NYSE:SPG) by 6.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 55,335 shares of the real estate investment trust’s stock after buying an additional 3,371 shares during the period. Simplicity Wealth LLC’s holdings in Simon Property Group were worth $11,109,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Gibbs Wealth Management grew its holdings in Simon Property Group by 18.0% during the 3rd quarter. Gibbs Wealth Management now owns 2,389 shares of the real estate investment trust’s stock worth $480,000 after acquiring an additional 364 shares in the last quarter. James Investment Research Inc. acquired a new position in Simon Property Group during the 3rd quarter worth $669,000. Inspire Investing LLC increased its position in shares of Simon Property Group by 10.6% in the 3rd quarter. Inspire Investing LLC now owns 60,648 shares of the real estate investment trust’s stock worth $12,176,000 after purchasing an additional 5,829 shares during the last quarter. Yousif Capital Management LLC increased its position in shares of Simon Property Group by 0.8% in the 3rd quarter. Yousif Capital Management LLC now owns 45,871 shares of the real estate investment trust’s stock worth $9,209,000 after purchasing an additional 356 shares during the last quarter. Finally, Compass Wealth Management LLC bought a new stake in shares of Simon Property Group in the 3rd quarter worth about $69,000. 93.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SPG. Mizuho upped their target price on shares of Simon Property Group from $211.00 to $226.00 and gave the company a “neutral” rating in a research note on Thursday, August 27th. Evercore set a $216.00 price target on Simon Property Group in a research note on Monday, September 21st. BNP Paribas Exane started coverage on Simon Property Group in a report on Friday, October 9th. They issued a “neutral” rating and a $222.00 price objective for the company. Wolfe Research cut Simon Property Group from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 30th. Finally, Stifel Nicolaus upped their price objective on Simon Property Group from $194.00 to $209.00 and gave the company a “hold” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat.com, Simon Property Group has an average rating of “Hold” and a consensus target price of $224.07.

Simon Property Group Stock Performance

Simon Property Group stock opened at $211.85 on Friday. 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, Inc. has a 12 month low of $172.19 and a 12 month high of $238.50. The company has a fifty day moving average price of $207.72 and a two-hundred day moving average price of $211.24. The company has a market cap of $68.54 billion, a PE ratio of 14.94, a P/E/G ratio of 3.26 and a beta of 1.30.

Simon Property Group (NYSE:SPG) last issued its earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the company posted $1.70 earnings per share. The firm’s revenue for the quarter 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. Research analysts expect that Simon Property Group, Inc. will post 13.24 earnings per share for the current year.

Simon Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th were issued a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a $9.00 dividend on an annualized basis and a yield of 4.2%. Simon Property Group’s dividend payout ratio (DPR) is currently 63.47%.

Insider Transactions at Simon Property Group

In related news, Director Stefan M. Selig bought 208 shares of the stock in a transaction dated Wednesday, September 30th. The stock was bought at an average cost of $202.78 per share, with a total value of $42,178.24. Following the completion of the acquisition, the director owned 34,020 shares of the company’s stock, valued at $6,898,575.60. This trade represents a 0.62% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Marta R. Stewart purchased 199 shares of the company’s stock in a transaction dated Wednesday, September 30th. The shares were bought at an average price of $202.78 per share, for a total transaction of $40,353.22. Following the completion of the transaction, the director directly owned 18,199 shares in the company, valued at approximately $3,690,393.22. This trade represents a 1.11% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 1,668 shares of company stock valued at $338,237 over the last ninety days. Insiders own 8.73% of the company’s stock.

Simon Property Group Profile

Simon Property Group, Inc is a self-administered and self-managed real estate investment trust that owns, develops, and operates premier shopping, dining, entertainment, and mixed-use destinations. Its portfolio includes regional malls, premium outlet centers, and other retail properties designed to serve both local shoppers and visitors.

The company’s properties feature a broad mix of retailers, restaurants, entertainment venues, and experiential offerings. Simon also provides property management, leasing, development, redevelopment, and marketing services associated with its real estate portfolio.

Simon Property Group was formed in 1993 through the combination of the retail real estate interests of the Simon and DeBartolo families.