Empowered Funds LLC Raises Stock Holdings in Simon Property Group, Inc. $SPG

Empowered Funds LLC boosted its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 24.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 99,246 shares of the real estate investment trust’s stock after purchasing an additional 19,809 shares during the quarter. Empowered Funds LLC’s holdings in Simon Property Group were worth $18,512,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Stance Capital LLC purchased a new position in shares of Simon Property Group during the 3rd quarter valued at approximately $26,000. Wilkerson Advisory Group LLC acquired a new stake in Simon Property Group in the 4th quarter valued at $29,000. SHP Wealth Management purchased a new stake in Simon Property Group in the 4th quarter worth $34,000. Dynamic Wealth Strategies LLC increased its stake in shares of Simon Property Group by 195.8% during the first quarter. Dynamic Wealth Strategies LLC now owns 210 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 139 shares in the last quarter. Finally, MV Capital Management Inc. purchased a new stake in Simon Property Group during the 4th quarter worth approximately $46,000. 93.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Gary M. Rodkin acquired 256 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average price of $223.34 per share, for a total transaction of $57,175.04. Following the purchase, the director owned 21,016 shares of the company’s stock, valued at $4,693,713.44. This represents a 1.23% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Larry C. Glasscock acquired 397 shares of the stock in a transaction dated Tuesday, June 30th. The shares were bought at an average cost of $223.38 per share, with a total value of $88,681.86. Following the completion of the transaction, the director owned 45,902 shares of the company’s stock, valued at approximately $10,253,588.76. This represents a 0.87% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 2,387 shares of company stock worth $533,056 over the last ninety days. Company insiders own 8.73% of the company’s stock.

Simon Property Group Stock Up 2.3%

Simon Property Group stock opened at $237.01 on Wednesday. Simon Property Group, Inc. has a twelve month low of $159.70 and a twelve month high of $237.89. The stock’s fifty day simple moving average is $217.27 and its 200-day simple moving average is $202.42. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68. The firm has a market capitalization of $76.86 billion, a P/E ratio of 16.47, a P/E/G ratio of 2.99 and a beta of 1.29.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data 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 analysts’ expectations of $1.54 billion. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period last year, the firm earned $2.95 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. As a group, equities analysts expect that Simon Property Group, Inc. will post 13.21 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were given a $2.25 dividend. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $9.00 dividend on an annualized basis and a yield of 3.8%. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s dividend payout ratio is 62.54%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Weiss Ratings upgraded shares of Simon Property Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. lifted their target price on Simon Property Group from $210.00 to $217.00 and gave the company a “neutral” rating in a research report on Monday, June 1st. Stifel Nicolaus upped their price objective on shares of Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a report on Tuesday, May 12th. Bank of America raised their target price on Simon Property Group from $225.00 to $236.00 and gave the company a “buy” rating in a report on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price target on the stock. in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $216.14.

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.