NewEdge Advisors LLC Sells 3,806 Shares of Simon Property Group, Inc. $SPG

NewEdge Advisors LLC cut its stake in Simon Property Group, Inc. (NYSE:SPG) by 10.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,802 shares of the real estate investment trust’s stock after selling 3,806 shares during the period. NewEdge Advisors LLC’s holdings in Simon Property Group were worth $6,119,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SPG. Bank of America Corp DE grew its position in Simon Property Group by 6.1% during the first quarter. Bank of America Corp DE now owns 8,503,133 shares of the real estate investment trust’s stock worth $1,586,089,000 after buying an additional 491,519 shares in the last quarter. Anson Funds Management LP acquired a new position in Simon Property Group in the 1st quarter valued at approximately $4,868,000. Kentucky Retirement Systems raised its holdings in Simon Property Group by 26.0% in the 1st quarter. Kentucky Retirement Systems now owns 25,621 shares of the real estate investment trust’s stock valued at $4,779,000 after acquiring an additional 5,280 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Simon Property Group by 535.0% in the 1st quarter. Janus Henderson Group PLC now owns 338,772 shares of the real estate investment trust’s stock worth $63,199,000 after acquiring an additional 285,426 shares during the period. Finally, Centaurus Financial Inc. grew its holdings in shares of Simon Property Group by 5.4% during the 1st quarter. Centaurus Financial Inc. now owns 1,089 shares of the real estate investment trust’s stock worth $203,000 after purchasing an additional 56 shares in the last quarter. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Stock Down 2.3%

SPG opened at $230.17 on Friday. The firm has a market cap of $74.64 billion, a price-to-earnings ratio of 16.00, a PEG ratio of 3.04 and a beta of 1.29. 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 firm’s 50-day simple moving average is $218.40 and its 200-day simple moving average is $203.10. Simon Property Group, Inc. has a twelve month low of $159.70 and a twelve month high of $238.50.

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 (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.02. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.54 billion. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The firm’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period last year, the firm posted $2.95 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Equities research analysts anticipate 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 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 an increase from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s dividend payout ratio (DPR) is presently 62.54%.

Insider Buying and Selling at Simon Property Group

In other Simon Property Group news, Director Glyn Aeppel acquired 243 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was purchased at an average price of $223.36 per share, for a total transaction of $54,276.48. Following the transaction, the director owned 21,067 shares in the company, valued at $4,705,525.12. This trade represents a 1.17% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Marta R. Stewart acquired 182 shares of Simon Property Group stock in a transaction on Tuesday, June 30th. The stock was acquired at an average cost of $223.16 per share, for a total transaction of $40,615.12. Following the purchase, the director owned 18,000 shares of the company’s stock, valued at approximately $4,016,880. This represents a 1.02% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 2,387 shares of company stock worth $533,056 over the last 90 days. Company insiders own 8.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SPG shares. Deutsche Bank Aktiengesellschaft lowered Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 target price for the company. in a research note on Thursday, July 9th. Weiss Ratings raised shares of Simon Property Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, July 14th. UBS Group increased their price objective on shares of Simon Property Group from $199.00 to $222.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Scotiabank raised their price objective on shares of Simon Property Group from $206.00 to $220.00 and gave the stock a “sector perform” rating in a report 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, four have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $216.14.

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.