California State Teachers Retirement System Sells 12,514 Shares of Simon Property Group, Inc. $SPG

California State Teachers Retirement System trimmed its holdings in Simon Property Group, Inc. (NYSE:SPG) by 2.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 516,460 shares of the real estate investment trust’s stock after selling 12,514 shares during the period. California State Teachers Retirement System’s holdings in Simon Property Group were worth $96,335,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SPG. PFG Investments LLC raised its stake in Simon Property Group by 2.2% during the 1st quarter. PFG Investments LLC now owns 2,341 shares of the real estate investment trust’s stock valued at $437,000 after purchasing an additional 50 shares during the period. Great Valley Advisor Group Inc. boosted its stake in Simon Property Group by 2.3% in the 4th quarter. Great Valley Advisor Group Inc. now owns 2,360 shares of the real estate investment trust’s stock worth $437,000 after purchasing an additional 52 shares during the period. Veridan Wealth LLC grew its holdings in Simon Property Group by 1.2% during the 4th quarter. Veridan Wealth LLC now owns 4,563 shares of the real estate investment trust’s stock valued at $845,000 after buying an additional 53 shares in the last quarter. CYBER HORNET ETFs LLC grew its holdings in Simon Property Group by 6.2% during the 4th quarter. CYBER HORNET ETFs LLC now owns 936 shares of the real estate investment trust’s stock valued at $173,000 after buying an additional 55 shares in the last quarter. Finally, O ROURKE & COMPANY Inc raised its position in shares of Simon Property Group by 2.8% during the fourth quarter. O ROURKE & COMPANY Inc now owns 2,124 shares of the real estate investment trust’s stock valued at $393,000 after buying an additional 57 shares during the last quarter. Institutional investors own 93.01% of the company’s stock.

Insider Activity

In other Simon Property Group news, Director Larry C. Glasscock bought 397 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average cost of $223.38 per share, for a total transaction of $88,681.86. Following the transaction, the director owned 45,902 shares of the company’s stock, valued at $10,253,588.76. This represents a 0.87% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel C. Smith purchased 372 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average cost of $223.31 per share, with a total value of $83,071.32. Following the acquisition, the director owned 34,480 shares in the company, valued at $7,699,728.80. The trade was a 1.09% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders bought 2,387 shares of company stock worth $533,056. 8.73% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Jefferies Financial Group raised shares of Simon Property Group to a “strong-buy” rating in a report on Friday, June 26th. Truist Financial lifted their price target on shares of Simon Property Group from $196.00 to $215.00 and gave the company a “hold” rating in a report on Tuesday, June 23rd. Stifel Nicolaus boosted their price target on shares of Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a research note on Tuesday, May 12th. Scotiabank increased their price objective on shares of Simon Property Group from $206.00 to $220.00 and gave the company a “sector perform” rating in a report on Thursday, June 18th. Finally, Citigroup raised their price objective on Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. One 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, the company currently has an average rating of “Hold” and a consensus price target of $216.14.

Simon Property Group Stock Down 0.5%

NYSE SPG opened at $235.44 on Thursday. The stock has a 50 day moving average price of $217.90 and a 200-day moving average price of $202.78. Simon Property Group, Inc. has a one year low of $159.70 and a one year high of $238.50. 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 company has a market capitalization of $76.35 billion, a P/E ratio of 16.36, a P/E/G ratio of 3.06 and a beta of 1.29.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.02. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. Simon Property Group’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $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 predict that Simon Property Group, Inc. will post 13.21 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were issued a $2.25 dividend. This is a boost from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date was Tuesday, June 9th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 3.8%. Simon Property Group’s payout ratio is presently 62.54%.

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.