Cullen Capital Management LLC Makes New Investment in Simon Property Group, Inc. $SPG

Cullen Capital Management LLC bought a new stake in Simon Property Group, Inc. (NYSE:SPG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,821 shares of the real estate investment trust’s stock, valued at approximately $2,196,000.

Several other large investors have also modified their holdings of SPG. Stance Capital LLC acquired a new position in Simon Property Group in the 3rd quarter valued at $26,000. Osbon Capital Management LLC purchased a new position in Simon Property Group during the 2nd quarter worth $32,000. Wilkerson Advisory Group LLC purchased a new position in Simon Property Group during the 4th quarter worth $29,000. N.E.W. Advisory Services LLC lifted its stake in shares of Simon Property Group by 335.0% in the 2nd quarter. N.E.W. Advisory Services LLC now owns 174 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 134 shares during the period. Finally, WPG Advisers LLC lifted its stake in shares of Simon Property Group by 40.3% in the 2nd quarter. WPG Advisers LLC now owns 181 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 52 shares during the period. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Simon Property Group Stock Performance

NYSE:SPG opened at $220.66 on Tuesday. The firm’s fifty day simple moving average is $223.18 and its 200-day simple moving average is $207.46. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.19. The stock has a market cap of $71.40 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 2.72 and a beta of 1.30. 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 announced its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.49 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.15). The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the business earned $1.70 EPS. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Analysts expect that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be issued a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $9.00 dividend on an annualized basis and a yield of 4.1%. Simon Property Group’s dividend payout ratio (DPR) is 63.47%.

Wall Street Analyst Weigh In

SPG has been the topic of a number of recent analyst reports. Wolfe Research lowered shares of Simon Property Group from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 30th. Weiss Ratings upgraded shares of Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, August 12th. Jefferies Financial Group raised Simon Property Group to a “strong-buy” rating in a report on Friday, June 26th. LADENBURG THALM/SH SH increased their target price on Simon Property Group from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Finally, Piper Sandler raised their price target on Simon Property Group from $230.00 to $285.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $223.00.

Insider Activity at Simon Property Group

In related news, Director Larry C. Glasscock purchased 397 shares of Simon Property Group stock in a transaction dated Tuesday, June 30th. The stock was bought at an average cost of $223.38 per share, for a total transaction of $88,681.86. Following the transaction, the director owned 45,902 shares in the company, valued at approximately $10,253,588.76. The trade was a 0.87% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Marta R. Stewart purchased 182 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average cost of $223.16 per share, for a total transaction of $40,615.12. Following the purchase, the director directly owned 18,000 shares in the company, valued at approximately $4,016,880. This represents a 1.02% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders acquired 2,387 shares of company stock worth $533,056. 8.73% of the stock is currently owned by company insiders.

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.