Sage Mountain Advisors LLC Has $469,000 Stock Holdings in Simon Property Group, Inc. $SPG

Sage Mountain Advisors LLC decreased its position in Simon Property Group, Inc. (NYSE:SPG) by 3.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,917 shares of the real estate investment trust’s stock after selling 97 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Simon Property Group were worth $469,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. AlphaQuest LLC grew its stake in Simon Property Group by 1,432.3% during the second quarter. AlphaQuest LLC now owns 3,555 shares of the real estate investment trust’s stock worth $572,000 after buying an additional 3,323 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Simon Property Group by 5.5% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,503,185 shares of the real estate investment trust’s stock worth $241,652,000 after acquiring an additional 78,929 shares in the last quarter. Catalyst Capital Advisors LLC grew its position in Simon Property Group by 72.1% during the 2nd quarter. Catalyst Capital Advisors LLC now owns 907 shares of the real estate investment trust’s stock worth $146,000 after acquiring an additional 380 shares during the last quarter. Schulhoff & Co. Inc. increased its holdings in Simon Property Group by 4.9% during the 2nd quarter. Schulhoff & Co. Inc. now owns 3,564 shares of the real estate investment trust’s stock valued at $573,000 after purchasing an additional 165 shares in the last quarter. Finally, D.A. Davidson & CO. increased its stake in shares of Simon Property Group by 2.1% in the second quarter. D.A. Davidson & CO. now owns 29,480 shares of the real estate investment trust’s stock valued at $4,739,000 after buying an additional 601 shares in the last quarter. 93.01% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Gary M. Rodkin acquired 219 shares of the stock in a transaction dated Tuesday, September 30th. The stock was bought at an average price of $185.95 per share, with a total value of $40,723.05. Following the completion of the transaction, the director directly owned 19,229 shares of the company’s stock, valued at approximately $3,575,632.55. The trade was a 1.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Reuben S. Leibowitz acquired 464 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The shares were bought at an average price of $185.95 per share, for a total transaction of $86,280.80. Following the completion of the acquisition, the director owned 58,659 shares of the company’s stock, valued at $10,907,641.05. This trade represents a 0.80% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 2,163 shares of company stock valued at $401,605. 8.66% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on SPG shares. Argus reissued a “buy” rating and set a $185.00 price objective on shares of Simon Property Group in a report on Friday, September 5th. Evercore ISI upped their target price on shares of Simon Property Group from $187.00 to $188.00 and gave the stock an “in-line” rating in a research report on Friday, October 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Simon Property Group in a report on Tuesday, October 14th. Piper Sandler increased their price target on Simon Property Group from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, September 18th. Finally, Scotiabank increased their target price on 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. Five equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $187.31.

Simon Property Group Stock Performance

Shares of Simon Property Group stock opened at $178.27 on Friday. The stock’s fifty day simple moving average is $180.03 and its 200 day simple moving average is $167.50. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 9.05. The company has a market capitalization of $58.20 billion, a PE ratio of 27.55, a PEG ratio of 13.06 and a beta of 1.50. Simon Property Group, Inc. has a 12 month low of $136.34 and a 12 month high of $190.13.

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

Simon Property Group Increases Dividend

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

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.