Catalyst Capital Advisors LLC Increases Stock Position in Simon Property Group, Inc. $SPG

Catalyst Capital Advisors LLC lifted its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 72.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 907 shares of the real estate investment trust’s stock after buying an additional 380 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Simon Property Group were worth $146,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SPG. Trust Co. of Toledo NA OH purchased a new stake in shares of Simon Property Group during the 2nd quarter valued at approximately $25,000. Park Square Financial Group LLC lifted its stake in shares of Simon Property Group by 108.0% during the 1st quarter. Park Square Financial Group LLC now owns 156 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 81 shares in the last quarter. Richardson Financial Services Inc. lifted its stake in shares of Simon Property Group by 185.0% during the 1st quarter. Richardson Financial Services Inc. now owns 171 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 111 shares in the last quarter. Continuum Advisory LLC lifted its stake in shares of Simon Property Group by 421.6% during the 1st quarter. Continuum Advisory LLC now owns 193 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 156 shares in the last quarter. Finally, WPG Advisers LLC purchased a new stake in shares of Simon Property Group during the 1st quarter valued at approximately $47,000. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Simon Property Group Stock Down 0.2%

Shares of NYSE:SPG opened at $178.27 on Friday. Simon Property Group, Inc. has a 52-week low of $136.34 and a 52-week high of $190.13. The firm has a fifty day moving average of $180.03 and a 200 day moving average of $167.31. The firm has a market capitalization of $58.20 billion, a PE ratio of 27.55, a price-to-earnings-growth ratio of 13.10 and a beta of 1.50. The company has a debt-to-equity ratio of 9.05, a quick ratio of 1.23 and a current ratio of 1.23.

Simon Property Group (NYSE:SPG) last announced its earnings results on Monday, August 4th. The real estate investment trust reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.01. Simon Property Group had a net margin of 36.78% and a return on equity of 72.38%. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the business earned $2.90 earnings per share. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. Simon Property Group has set its FY 2025 guidance at 12.450-12.650 EPS. As a group, research analysts anticipate that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 9th were given a $2.15 dividend. This represents a $8.60 annualized dividend and a yield of 4.8%. This is a boost from Simon Property Group’s previous quarterly dividend of $2.10. The ex-dividend date was Tuesday, September 9th. Simon Property Group’s dividend payout ratio (DPR) is presently 132.92%.

Insider Buying and Selling

In other Simon Property Group news, Director Gary M. Rodkin bought 219 shares of Simon Property Group stock in a transaction that occurred on Tuesday, September 30th. The shares were bought at an average price of $185.95 per share, with a total value of $40,723.05. Following the acquisition, the director owned 19,229 shares in the company, valued at approximately $3,575,632.55. This trade represents a 1.15% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Glyn Aeppel bought 208 shares of Simon Property Group stock in a transaction that occurred on Tuesday, September 30th. The shares were acquired at an average cost of $185.95 per share, for a total transaction of $38,677.60. Following the acquisition, the director owned 19,265 shares in the company, valued at $3,582,326.75. The trade was a 1.09% increase in their position. The disclosure for this purchase can be found here. Insiders bought 2,163 shares of company stock valued at $401,605 in the last three months. 8.66% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. LADENBURG THALM/SH SH assumed coverage on shares of Simon Property Group in a research note on Friday, July 18th. They issued a “buy” rating and a $225.00 target price on the stock. Truist Financial increased their target price on shares of Simon Property Group from $168.00 to $169.00 and gave the stock a “hold” rating in a research note on Monday, August 25th. Morgan Stanley increased their target price on shares of Simon Property Group from $170.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 11th. Barclays increased their target price on shares of Simon Property Group from $170.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Monday, October 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Simon Property Group in a research note on Tuesday, October 14th. Five equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $187.31.

Simon Property Group Profile

Simon Property Group, Inc (NYSE:SPG) is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc, the Operating Partnership, and its subsidiaries.