Kestra Advisory Services LLC Purchases 3,185 Shares of Simon Property Group, Inc. $SPG

Kestra Advisory Services LLC raised its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 7.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,198 shares of the real estate investment trust’s stock after purchasing an additional 3,185 shares during the period. Kestra Advisory Services LLC’s holdings in Simon Property Group were worth $9,676,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Nykredit A S bought a new stake in Simon Property Group during the 2nd quarter valued at approximately $25,186,000. NEOS Investment Management LLC raised its position in Simon Property Group by 15.2% in the second quarter. NEOS Investment Management LLC now owns 118,677 shares of the real estate investment trust’s stock worth $26,542,000 after purchasing an additional 15,638 shares in the last quarter. Corient Private Wealth LP lifted its position in shares of Simon Property Group by 64.3% during the 2nd quarter. Corient Private Wealth LP now owns 87,140 shares of the real estate investment trust’s stock worth $19,489,000 after buying an additional 34,112 shares during the period. Saudi Central Bank lifted its holdings in shares of Simon Property Group by 88.7% during the second quarter. Saudi Central Bank now owns 22,739 shares of the real estate investment trust’s stock valued at $5,086,000 after acquiring an additional 10,689 shares during the period. Finally, Mystic Asset Management Inc. acquired a new position in Simon Property Group in the second quarter valued at about $2,234,000. Institutional investors and hedge funds own 93.01% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. BNP Paribas Exane started coverage on Simon Property Group in a report on Friday, October 9th. They set a “neutral” rating and a $222.00 target price on the stock. The Goldman Sachs Group decreased their price target on shares of Simon Property Group from $242.00 to $228.00 in a research note on Wednesday, October 7th. Truist Financial started coverage on shares of Simon Property Group in a report on Friday, October 2nd. They issued a “hold” rating and a $215.00 price target for the company. Mizuho boosted their price objective on shares of Simon Property Group from $211.00 to $226.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th. Finally, Evercore upped their price objective on Simon Property Group from $213.00 to $216.00 in a report on Wednesday, October 28th. Nine equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $228.67.

Simon Property Group Price Performance

Shares of NYSE SPG opened at $233.11 on Tuesday. Simon Property Group, Inc. has a fifty-two week low of $177.88 and a fifty-two week high of $238.50. The stock has a market capitalization of $75.42 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 3.52 and a beta of 1.27. 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 $208.34 and a 200-day moving average of $207.00.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Thursday, November 5th. The real estate investment trust reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $1.68. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.63 billion. Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the business posted $3.22 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.300-13.400 EPS. As a group, sell-side analysts predict that Simon Property Group, Inc. will post 13.25 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 10th will be given a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Thursday, December 10th. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.25. Simon Property Group’s dividend payout ratio is currently 64.94%.

Insider Buying and Selling at Simon Property Group

In other news, Director Reuben Leibowitz purchased 480 shares of Simon Property Group stock in a transaction that occurred on Wednesday, September 30th. The shares were acquired at an average price of $202.78 per share, for a total transaction of $97,334.40. Following the transaction, the director owned 56,277 shares of the company’s stock, valued at approximately $11,411,850.06. The trade was a 0.86% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Stefan Selig purchased 208 shares of the stock in a transaction dated Wednesday, September 30th. The shares were acquired at an average cost of $202.78 per share, with a total value of $42,178.24. Following the acquisition, the director directly owned 34,020 shares in the company, valued at $6,898,575.60. This represents a 0.62% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 1,668 shares of company stock valued at $338,237 over the last three months. 8.73% of the stock is owned by insiders.

About Simon Property Group

Simon Property Group is a real estate investment trust that owns, develops and manages shopping, dining and entertainment destinations. Its portfolio includes regional malls, premium outlet centers and mixed-use properties, which combine retail with other uses such as restaurants and entertainment.

The company’s properties are located primarily in the United States, with additional investments and operations in international markets, including Europe and Asia. Its business activities include leasing space to retailers and other tenants, operating properties and investing in redevelopment and expansion projects.

Simon Property Group was established in 1993, when it became a publicly traded company following a spin-off from Melvin Simon & Associates.