CORDA Investment Management LLC. Trims Holdings in Simon Property Group, Inc. $SPG

CORDA Investment Management LLC. lowered its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 2.1% in the first quarter, Holdings Channel reports. The firm owned 201,122 shares of the real estate investment trust’s stock after selling 4,332 shares during the quarter. Simon Property Group accounts for 2.6% of CORDA Investment Management LLC.’s investment portfolio, making the stock its 17th biggest holding. CORDA Investment Management LLC.’s holdings in Simon Property Group were worth $37,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Stance Capital LLC purchased a new position in shares of Simon Property Group during the third quarter worth about $26,000. Wilkerson Advisory Group LLC acquired a new stake in Simon Property Group during the 4th quarter worth approximately $29,000. SHP Wealth Management acquired a new stake in Simon Property Group during the 4th quarter worth approximately $34,000. Tompkins Financial Corp acquired a new stake in Simon Property Group during the 4th quarter worth approximately $42,000. Finally, Cullen Frost Bankers Inc. grew its stake 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 valued at $46,000 after purchasing an additional 111 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Morgan Stanley boosted their target price on Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a report on Tuesday, June 9th. Truist Financial boosted 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 note on Tuesday, June 23rd. UBS Group upped their price objective 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. Scotiabank raised their target price on shares of Simon Property Group from $206.00 to $220.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 18th. Finally, Jefferies Financial Group upgraded shares of Simon Property Group to a “strong-buy” rating in a research note on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $213.07.

Insider Transactions at Simon Property Group

In related news, Director Glyn Aeppel bought 243 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was bought at an average cost of $223.36 per share, with a total value of $54,276.48. Following the completion of the acquisition, the director owned 21,067 shares in the company, valued at approximately $4,705,525.12. This represents a 1.17% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gary M. Rodkin purchased 256 shares of Simon Property Group stock in a transaction dated Tuesday, June 30th. The shares were bought at an average price of $223.34 per share, with a total value of $57,175.04. Following the completion of the transaction, the director owned 21,016 shares in the company, valued at approximately $4,693,713.44. This trade represents a 1.23% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have acquired 2,387 shares of company stock valued at $533,056. 8.73% of the stock is owned by company insiders.

Simon Property Group Stock Down 0.0%

Simon Property Group stock opened at $218.71 on Monday. The stock’s 50 day moving average price is $211.32 and its 200 day moving average price is $198.97. Simon Property Group, Inc. has a 1-year low of $159.33 and a 1-year high of $229.59. The company has a market cap of $70.92 billion, a PE ratio of 15.20, a price-to-earnings-growth ratio of 2.83 and a beta of 1.29. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84.

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

Simon Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 4.1%. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date was Tuesday, June 9th. Simon Property Group’s dividend payout ratio (DPR) is 62.54%.

Simon Property Group Company 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.