KBC Group NV Sells 97,933 Shares of Simon Property Group, Inc. $SPG

KBC Group NV reduced its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 11.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 742,069 shares of the real estate investment trust’s stock after selling 97,933 shares during the quarter. KBC Group NV’s holdings in Simon Property Group were worth $165,963,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SPG. PFG Investments LLC increased its position in shares of 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 worth $437,000 after purchasing an additional 50 shares in the last quarter. Great Valley Advisor Group Inc. boosted its position in Simon Property Group by 2.3% in the fourth quarter. Great Valley Advisor Group Inc. now owns 2,360 shares of the real estate investment trust’s stock valued at $437,000 after buying an additional 52 shares in the last quarter. Veridan Wealth LLC grew its stake in Simon Property Group by 1.2% during the fourth quarter. Veridan Wealth LLC now owns 4,563 shares of the real estate investment trust’s stock worth $845,000 after buying an additional 53 shares during the last quarter. CYBER HORNET ETFs LLC grew its stake in Simon Property Group by 6.2% during the fourth quarter. CYBER HORNET ETFs LLC now owns 936 shares of the real estate investment trust’s stock worth $173,000 after buying an additional 55 shares during the last quarter. Finally, Centaurus Financial Inc. increased its holdings in shares of Simon Property Group by 5.4% during the first quarter. Centaurus Financial Inc. now owns 1,089 shares of the real estate investment trust’s stock worth $203,000 after buying an additional 56 shares in the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Simon Property Group Trading Down 1.0%

NYSE SPG opened at $219.34 on Friday. Simon Property Group, Inc. has a 12 month low of $171.22 and a 12 month high of $238.50. The stock has a 50-day simple moving average of $222.30 and a 200 day simple moving average of $205.94. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 5.19. The company 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 posted its earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.15). The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.Simon Property Group’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.70 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Research analysts forecast that Simon Property Group, Inc. will post 13.2 EPS for the current year.

Simon Property Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be paid 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 is presently 63.47%.

Insider Buying and Selling

In other Simon Property Group news, Director Gary M. Rodkin acquired 256 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average price of $223.34 per share, with a total value of $57,175.04. Following the purchase, the director owned 21,016 shares of the company’s stock, valued at $4,693,713.44. This represents a 1.23% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel C. Smith bought 372 shares of the firm’s stock in a transaction 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 completion of the purchase, the director owned 34,480 shares of the company’s stock, valued at approximately $7,699,728.80. This trade represents a 1.09% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders acquired 2,387 shares of company stock valued at $533,056. 8.73% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on SPG. Morgan Stanley boosted their target price on Simon Property Group from $205.00 to $207.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 9th. UBS Group increased their target price on Simon Property Group from $199.00 to $222.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Truist Financial lifted their price target on Simon Property Group from $196.00 to $215.00 and gave the company a “hold” rating in a report on Tuesday, June 23rd. Barclays raised their price objective on shares of Simon Property Group from $212.00 to $213.00 and gave the company an “equal weight” rating in a research report on Thursday, June 25th. Finally, JPMorgan Chase & Co. increased their price target on shares of Simon Property Group from $210.00 to $217.00 and gave the company a “neutral” rating in a research note on Monday, June 1st. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $221.07.

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.