Simon Property Group, Inc. $SPG Shares Sold by Blair William & Co. IL

Blair William & Co. IL trimmed its holdings in Simon Property Group, Inc. (NYSE:SPG) by 19.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,521 shares of the real estate investment trust’s stock after selling 4,107 shares during the quarter. Blair William & Co. IL’s holdings in Simon Property Group were worth $2,656,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Park Square Financial Group LLC increased its holdings in shares of Simon Property Group by 108.0% in the 1st quarter. Park Square Financial Group LLC now owns 156 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 81 shares during the period. Richardson Financial Services Inc. increased its holdings in shares of Simon Property Group by 185.0% in the 1st quarter. Richardson Financial Services Inc. now owns 171 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 111 shares during the period. Continuum Advisory LLC increased its holdings in shares of Simon Property Group by 421.6% in the 1st quarter. Continuum Advisory LLC now owns 193 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 156 shares during the period. WPG Advisers LLC purchased a new position in Simon Property Group in the 1st quarter valued at $47,000. Finally, Grove Bank & Trust increased its stake in Simon Property Group by 231.3% in the 1st quarter. Grove Bank & Trust now owns 381 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 266 shares during the period. 93.01% of the stock is owned by institutional investors and hedge funds.

Simon Property Group Stock Performance

NYSE:SPG opened at $176.56 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 9.05. Simon Property Group, Inc. has a fifty-two week low of $136.34 and a fifty-two week high of $190.13. The stock has a market cap of $57.65 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 10.62 and a beta of 1.50. The firm’s fifty day simple moving average is $178.38 and its 200-day simple moving average is $166.03.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $3.05 EPS for the quarter, beating analysts’ consensus estimates 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 firm’s revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.90 EPS. Simon Property Group has set its FY 2025 guidance at 12.450-12.650 EPS. Analysts expect that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 9th were paid a $2.15 dividend. This represents a $8.60 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Tuesday, September 9th. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.10. Simon Property Group’s dividend payout ratio is currently 132.92%.

Analyst Ratings Changes

Several brokerages have issued reports on SPG. Evercore ISI reissued an “in-line” rating and issued a $187.00 price objective (up from $183.00) on shares of Simon Property Group in a research note on Monday, September 15th. Piper Sandler boosted their price objective on shares of Simon Property Group from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, September 18th. Scotiabank boosted their price objective on shares of Simon Property Group from $163.00 to $173.00 and gave the company a “sector perform” rating in a research note on Thursday, August 28th. Argus reissued a “buy” rating and issued a $185.00 price objective on shares of Simon Property Group in a research note on Friday, September 5th. Finally, LADENBURG THALM/SH SH began coverage on shares of Simon Property Group in a research note on Friday, July 18th. They issued a “buy” rating and a $225.00 price objective on the stock. Five equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $187.23.

Insider Transactions at Simon Property Group

In other Simon Property Group news, Director Gary M. Rodkin acquired 219 shares of the stock in a transaction that occurred on Tuesday, September 30th. The shares were purchased at an average cost of $185.95 per share, with a total value of $40,723.05. Following the purchase, the director owned 19,229 shares in the company, valued at approximately $3,575,632.55. The trade was a 1.15% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Glyn Aeppel acquired 208 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was acquired at an average cost of $185.95 per share, for a total transaction of $38,677.60. Following the completion of the purchase, the director owned 19,265 shares in the company, valued at $3,582,326.75. The trade was a 1.09% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 2,163 shares of company stock worth $401,605 in the last 90 days. Insiders own 8.60% of the company’s stock.

Simon Property Group Profile

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.