Schulhoff & Co. Inc. Has $573,000 Holdings in Simon Property Group, Inc. $SPG

Schulhoff & Co. Inc. lifted its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 4.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,564 shares of the real estate investment trust’s stock after purchasing an additional 165 shares during the quarter. Schulhoff & Co. Inc.’s holdings in Simon Property Group were worth $573,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Capital Advisors Inc. OK grew its holdings in Simon Property Group by 0.5% during the 2nd quarter. Capital Advisors Inc. OK now owns 393,756 shares of the real estate investment trust’s stock worth $63,300,000 after acquiring an additional 2,064 shares during the period. MinichMacGregor Wealth Management LLC acquired a new stake in Simon Property Group during the 2nd quarter worth about $283,000. Focus Partners Wealth grew its holdings in Simon Property Group by 89.0% during the 1st quarter. Focus Partners Wealth now owns 114,156 shares of the real estate investment trust’s stock worth $18,959,000 after acquiring an additional 53,764 shares during the period. Golden State Wealth Management LLC boosted its position in shares of Simon Property Group by 193.5% during the 1st quarter. Golden State Wealth Management LLC now owns 772 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 509 shares in the last quarter. Finally, Inspire Investing LLC increased its position in Simon Property Group by 5.7% in the 1st quarter. Inspire Investing LLC now owns 32,259 shares of the real estate investment trust’s stock valued at $5,358,000 after buying an additional 1,750 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Simon Property Group Price Performance

Simon Property Group stock opened at $178.79 on Wednesday. Simon Property Group, Inc. has a 52 week low of $136.34 and a 52 week high of $190.13. The company’s 50 day moving average price is $179.65 and its two-hundred day moving average price is $166.71. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 9.05. The stock has a market cap of $58.37 billion, a P/E ratio of 27.63, a P/E/G ratio of 13.09 and a beta of 1.50.

Simon Property Group (NYSE:SPG) last posted its earnings results on Monday, August 4th. The real estate investment trust reported $3.05 EPS for the quarter, topping the consensus estimate of $3.04 by $0.01. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Simon Property Group had a net margin of 36.78% and a return on equity of 72.38%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.90 EPS. Simon Property Group has set its FY 2025 guidance at 12.450-12.650 EPS. On average, equities analysts predict that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 9th were issued a $2.15 dividend. This is a boost from Simon Property Group’s previous quarterly dividend of $2.10. The ex-dividend date of this dividend was Tuesday, September 9th. This represents a $8.60 dividend on an annualized basis and a dividend yield of 4.8%. Simon Property Group’s payout ratio is presently 132.92%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Argus reaffirmed a “buy” rating and issued a $185.00 target price on shares of Simon Property Group in a research report on Friday, September 5th. LADENBURG THALM/SH SH started coverage on shares of Simon Property Group in a research report on Friday, July 18th. They issued a “buy” rating and a $225.00 price target on the stock. Stifel Nicolaus cut shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $179.00 price target on the stock. in a research report on Tuesday, September 2nd. Barclays raised their price target on shares of Simon Property Group from $170.00 to $180.00 and gave the company an “equal weight” rating in a research report on Monday, October 6th. Finally, Piper Sandler lifted their target price on shares of Simon Property Group from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, September 18th. Five investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, Simon Property Group presently has an average rating of “Hold” and a consensus price target of $187.31.

Insider Buying and Selling

In related news, Director Daniel C. Smith purchased 335 shares of the stock in a transaction that occurred on Tuesday, September 30th. The shares were bought at an average price of $185.95 per share, with a total value of $62,293.25. Following the acquisition, the director owned 32,333 shares of the company’s stock, valued at $6,012,321.35. This trade represents a 1.05% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Larry C. Glasscock purchased 351 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was bought at an average cost of $185.95 per share, for a total transaction of $65,268.45. Following the acquisition, the director directly owned 43,536 shares in the company, valued at $8,095,519.20. This trade represents a 0.81% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 2,163 shares of company stock worth $401,605 in the last three months. Insiders own 8.60% of the company’s stock.

About Simon Property Group

Simon Property Group, Inc (NYSE:SPG) is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc, the Operating Partnership, and its subsidiaries.