Simon Property Group, Inc. $SPG Stock Bought by Simplicity Wealth LLC

Simplicity Wealth LLC lifted its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 6.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,335 shares of the real estate investment trust’s stock after buying an additional 3,371 shares during the quarter. Simplicity Wealth LLC’s holdings in Simon Property Group were worth $11,109,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Gibbs Wealth Management boosted its position in Simon Property Group by 18.0% during the third quarter. Gibbs Wealth Management now owns 2,389 shares of the real estate investment trust’s stock worth $480,000 after acquiring an additional 364 shares during the last quarter. James Investment Research Inc. purchased a new stake in Simon Property Group in the 3rd quarter worth approximately $669,000. Inspire Investing LLC raised its holdings in Simon Property Group by 10.6% in the 3rd quarter. Inspire Investing LLC now owns 60,648 shares of the real estate investment trust’s stock valued at $12,176,000 after acquiring an additional 5,829 shares during the last quarter. Yousif Capital Management LLC raised its holdings in Simon Property Group by 0.8% in the 3rd quarter. Yousif Capital Management LLC now owns 45,871 shares of the real estate investment trust’s stock valued at $9,209,000 after acquiring an additional 356 shares during the last quarter. Finally, Compass Wealth Management LLC acquired a new position in Simon Property Group in the 3rd quarter valued at $69,000. Institutional investors and hedge funds own 93.01% of the company’s stock.

Insider Activity at Simon Property Group

In other news, Director Daniel Smith bought 350 shares of the firm’s stock in a transaction dated Wednesday, September 30th. The stock was acquired at an average cost of $202.78 per share, for a total transaction of $70,973.00. Following the completion of the purchase, the director owned 34,830 shares of the company’s stock, valued at $7,062,827.40. This trade represents a 1.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stefan Selig acquired 208 shares of the firm’s stock in a transaction on Wednesday, September 30th. The stock was purchased at an average cost of $202.78 per share, with a total value of $42,178.24. Following the completion of the transaction, the director owned 34,020 shares in the company, valued at $6,898,575.60. The trade was a 0.62% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have bought 1,668 shares of company stock valued at $338,237. 8.73% of the stock is currently owned by corporate insiders.

Simon Property Group Stock Performance

NYSE:SPG opened at $211.85 on Friday. The company has a market cap of $68.54 billion, a P/E ratio of 14.94, a P/E/G ratio of 3.26 and a beta of 1.30. The firm’s 50 day moving average is $207.72 and its two-hundred day moving average is $211.24. Simon Property Group, Inc. has a fifty-two week low of $172.19 and a fifty-two week high of $238.50. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.19.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data 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 analysts’ expectations of $1.61 billion. Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.70 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Analysts expect that Simon Property Group, Inc. will post 13.24 EPS for the current year.

Simon Property Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th were paid a $2.25 dividend. The ex-dividend date was Wednesday, September 9th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.2%. Simon Property Group’s dividend payout ratio (DPR) is 63.47%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. UBS Group decreased their price objective on Simon Property Group from $222.00 to $205.00 and set a “neutral” rating on the stock in a report on Friday, October 9th. Evercore set a $216.00 price objective on Simon Property Group in a research report on Monday, September 21st. Weiss Ratings lowered Simon Property Group from a “buy (a-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Truist Financial started coverage on Simon Property Group in a research report on Friday, October 2nd. They set a “hold” rating and a $215.00 target price on the stock. Finally, Citigroup raised their price target on Simon Property Group from $205.00 to $230.00 and gave the stock a “neutral” rating in a research note on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, Simon Property Group currently has an average rating of “Hold” and an average target price of $224.07.

About Simon Property Group

Simon Property Group, Inc is a self-administered and self-managed real estate investment trust that owns, develops, and operates premier shopping, dining, entertainment, and mixed-use destinations. Its portfolio includes regional malls, premium outlet centers, and other retail properties designed to serve both local shoppers and visitors.

The company’s properties feature a broad mix of retailers, restaurants, entertainment venues, and experiential offerings. Simon also provides property management, leasing, development, redevelopment, and marketing services associated with its real estate portfolio.

Simon Property Group was formed in 1993 through the combination of the retail real estate interests of the Simon and DeBartolo families.