Simon Property Group, Inc. $SPG Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its stake in Simon Property Group, Inc. (NYSE:SPG) by 4.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 208,839 shares of the real estate investment trust’s stock after buying an additional 8,568 shares during the period. Janney Montgomery Scott LLC owned approximately 0.06% of Simon Property Group worth $46,707,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Stance Capital LLC purchased a new position in Simon Property Group during the third quarter worth about $26,000. Wilkerson Advisory Group LLC purchased a new stake in shares of Simon Property Group in the 4th quarter valued at approximately $29,000. SHP Wealth Management purchased a new stake in shares of Simon Property Group in the 4th quarter valued at approximately $34,000. Dynamic Wealth Strategies LLC raised its stake in shares of Simon Property Group by 195.8% in the 1st quarter. Dynamic Wealth Strategies LLC now owns 210 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 139 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its holdings in shares of Simon Property Group by 79.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 111 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Simon Property Group Stock Down 1.0%

Shares of SPG opened at $219.34 on Friday. The company’s 50-day simple moving average is $222.30 and its 200-day simple moving average is $205.94. The company has a debt-to-equity ratio of 5.19, a quick ratio of 0.84 and a current ratio of 1.05. Simon Property Group, Inc. has a 1 year low of $171.22 and a 1 year high of $238.50. The stock has a market capitalization of $71.13 billion, a PE ratio of 15.47, a P/E/G ratio of 2.84 and a beta of 1.30.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.15). The business 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 company’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.70 EPS. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Analysts forecast that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

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

Insider Buying and Selling

In related news, Director Glyn Aeppel acquired 243 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average price of $223.36 per share, with a total value of $54,276.48. Following the completion of the transaction, the director owned 21,067 shares of the company’s stock, valued at $4,705,525.12. The trade was a 1.17% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Larry C. Glasscock acquired 397 shares of Simon Property Group 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 $88,681.86. Following the completion of the purchase, 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 disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 2,387 shares of company stock worth $533,056 over the last three months. 8.73% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SPG shares. Piper Sandler increased their price objective on shares of Simon Property Group from $230.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Evercore set a $215.00 target price on Simon Property Group in a research report on Tuesday, July 7th. Truist Financial upped their price target on Simon Property Group from $196.00 to $215.00 and gave the stock a “hold” rating in a research note on Tuesday, June 23rd. LADENBURG THALM/SH SH raised their price target on Simon Property Group from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Finally, Scotiabank lifted their price objective on Simon Property Group from $206.00 to $220.00 and gave the company a “sector perform” rating in a research note on Thursday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, Simon Property Group has a consensus rating of “Hold” and a consensus target price of $221.07.

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.