Family Manage LLC Invests $1.57 Million in Simon Property Group, Inc. $SPG

Family Manage LLC purchased a new stake in shares of Simon Property Group, Inc. (NYSE:SPG) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,395 shares of the real estate investment trust’s stock, valued at approximately $1,566,000.

Other hedge funds have also made changes to their positions in the company. Stance Capital LLC purchased a new position in Simon Property Group during the 3rd quarter worth approximately $26,000. Wilkerson Advisory Group LLC acquired a new stake in Simon Property Group during the 4th quarter valued at $29,000. SHP Wealth Management purchased a new stake in shares of Simon Property Group in the fourth quarter valued at $34,000. Dynamic Wealth Strategies LLC boosted its position in shares of Simon Property Group by 195.8% in the first quarter. Dynamic Wealth Strategies LLC now owns 210 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 139 shares during the period. Finally, Cullen Frost Bankers Inc. boosted its position in shares of Simon Property Group by 79.3% in the fourth quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 111 shares during the period. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Simon Property Group Price Performance

Shares of NYSE:SPG opened at $229.52 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68. Simon Property Group, Inc. has a 1 year low of $159.70 and a 1 year high of $231.52. The business has a fifty day simple moving average of $215.92 and a 200 day simple moving average of $201.73. The firm has a market cap of $74.43 billion, a price-to-earnings ratio of 15.95, a P/E/G ratio of 2.97 and a beta of 1.29.

Simon Property Group (NYSE:SPG) last issued 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. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the company posted $2.95 earnings per share. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. As a group, sell-side analysts predict that Simon Property Group, Inc. will post 13.21 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

The company also recently declared 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 3.9%. The ex-dividend date of this dividend was Tuesday, June 9th. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s dividend payout ratio (DPR) is presently 62.54%.

Insiders Place Their Bets

In other Simon Property Group news, Director Daniel C. Smith bought 372 shares of Simon Property Group stock in a transaction on Tuesday, June 30th. The stock was purchased at an average cost of $223.31 per share, for a total transaction of $83,071.32. Following the completion of the purchase, the director directly owned 34,480 shares of the company’s stock, valued at $7,699,728.80. The trade was a 1.09% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Marta R. Stewart bought 182 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was acquired at an average cost of $223.16 per share, with a total value of $40,615.12. Following the completion of the transaction, the director directly owned 18,000 shares of the company’s stock, 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. Insiders have purchased a total of 2,387 shares of company stock worth $533,056 in the last quarter. Corporate insiders own 8.73% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target 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 raised their price objective on Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. Citigroup lifted their target price on Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Wolfe Research downgraded Simon Property Group from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 30th. Finally, Barclays increased their price target on shares of Simon Property Group from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 25th. One equities research 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’s stock. According to data from MarketBeat.com, Simon Property Group presently has an average rating of “Hold” and a consensus target price of $216.14.

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.