Dimensional Fund Advisors LP Has $859.21 Million Stake in Simon Property Group, Inc. $SPG

Dimensional Fund Advisors LP grew its position in Simon Property Group, Inc. (NYSE:SPG) by 2.3% in the first quarter, HoldingsChannel.com reports. The fund owned 4,606,481 shares of the real estate investment trust’s stock after buying an additional 105,524 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Simon Property Group were worth $859,209,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Stance Capital LLC bought a new stake in Simon Property Group during the 3rd quarter worth approximately $26,000. Wilkerson Advisory Group LLC bought a new position in Simon Property Group in the 4th quarter valued at $29,000. SHP Wealth Management bought a new position in Simon Property Group in the 4th quarter valued at $34,000. Tompkins Financial Corp bought a new position in Simon Property Group in the 4th quarter valued at $42,000. Finally, MV Capital Management Inc. acquired a new position in Simon Property Group in the fourth quarter worth $46,000. 93.01% of the stock is owned by institutional investors and hedge funds.

Simon Property Group Stock Down 0.1%

NYSE SPG opened at $228.47 on Monday. The stock has a market capitalization of $74.09 billion, a P/E ratio of 15.88, a price-to-earnings-growth ratio of 2.95 and a beta of 1.29. Simon Property Group, Inc. has a 52 week low of $159.70 and a 52 week high of $231.53. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a fifty day moving average of $213.40 and a 200-day moving average of $200.24.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.02. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.54 billion. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.95 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. On average, equities research analysts forecast that Simon Property Group, Inc. will post 13.21 EPS for the current year.

Simon Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $9.00 annualized dividend and a yield of 3.9%. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s dividend payout ratio (DPR) is presently 62.54%.

Insider Activity at Simon Property Group

In other Simon Property Group news, Director Reuben S. Leibowitz purchased 508 shares of the stock in a transaction dated Tuesday, June 30th. The stock was bought at an average price of $223.38 per share, for a total transaction of $113,477.04. Following the transaction, the director directly owned 55,797 shares in the company, valued at $12,463,933.86. This represents a 0.92% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Larry C. Glasscock purchased 397 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average cost of $223.38 per share, with a total value of $88,681.86. Following the completion of the purchase, the director owned 45,902 shares of the company’s stock, valued at $10,253,588.76. The trade was a 0.87% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders acquired 2,387 shares of company stock worth $533,056. Insiders own 8.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Evercore set a $215.00 target price on Simon Property Group in a report on Tuesday, July 7th. Stifel Nicolaus lifted their price target on Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a report on Tuesday, May 12th. UBS Group upped their price target on shares of Simon Property Group from $199.00 to $222.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Wolfe Research lowered shares of Simon Property Group from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 30th. Finally, Truist Financial raised their price objective on shares of Simon Property Group from $196.00 to $215.00 and gave the company a “hold” rating in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Simon Property Group currently has an average rating of “Hold” and a consensus price target of $212.21.

About Simon Property Group

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.