6,224 Shares in Simon Property Group, Inc. $SPG Bought by one8zero8 LLC

one8zero8 LLC acquired a new stake in shares of Simon Property Group, Inc. (NYSE:SPGFree Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,224 shares of the real estate investment trust’s stock, valued at approximately $1,392,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. PFG Investments LLC raised its stake 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. WPG Advisers LLC increased its holdings in Simon Property Group by 40.3% in the second quarter. WPG Advisers LLC now owns 181 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 52 shares during the last quarter. Great Valley Advisor Group Inc. raised its position in Simon Property Group by 2.3% during 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 acquiring an additional 52 shares in the last quarter. Veridan Wealth LLC raised its position 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 valued at $845,000 after acquiring an additional 53 shares in the last quarter. Finally, CYBER HORNET ETFs LLC lifted its stake in Simon Property Group by 6.2% in the fourth quarter. CYBER HORNET ETFs LLC now owns 936 shares of the real estate investment trust’s stock valued at $173,000 after acquiring an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Simon Property Group Price Performance

NYSE SPG opened at $223.20 on Thursday. The stock has a 50-day simple moving average of $222.96 and a 200 day simple moving average of $206.84. Simon Property Group, Inc. has a twelve month low of $172.19 and a twelve month high of $238.50. The stock has a market capitalization of $72.22 billion, a PE ratio of 15.74, a P/E/G ratio of 2.75 and a beta of 1.30. The company has a debt-to-equity ratio of 5.19, a quick ratio of 1.05 and a current ratio of 1.05.

Simon Property Group (NYSE:SPGGet Free Report) last released its earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.15). The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the business earned $1.70 EPS. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Research analysts anticipate that Simon Property Group, Inc. will post 13.2 EPS for the current year.

Simon Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be given a dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $9.00 dividend on an annualized basis and a yield of 4.0%. Simon Property Group’s payout ratio is 63.47%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Jefferies Financial Group upgraded shares of Simon Property Group to a “strong-buy” rating in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft lowered Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 target price on the stock. in a report on Thursday, July 9th. Morgan Stanley upped their price target on Simon Property Group from $205.00 to $207.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 9th. Stifel Nicolaus upped their target price on Simon Property Group from $194.00 to $209.00 and gave the stock a “hold” rating in a research report on Tuesday, August 11th. Finally, Evercore set a $215.00 price target on Simon Property Group in a report on Tuesday, July 7th. Two 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’s stock. Based on data from MarketBeat.com, Simon Property Group has an average rating of “Hold” and a consensus price target of $222.87.

Check Out Our Latest Analysis on SPG

Insider Activity

In related news, Director Daniel C. Smith acquired 372 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were bought at an average price of $223.31 per share, for a total transaction of $83,071.32. Following the acquisition, the director owned 34,480 shares in the company, valued at $7,699,728.80. This trade represents a 1.09% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Reuben S. Leibowitz acquired 508 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were bought at an average cost of $223.38 per share, with a total value of $113,477.04. Following the transaction, the director directly owned 55,797 shares of the company’s stock, valued at $12,463,933.86. The trade was a 0.92% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders acquired 2,387 shares of company stock worth $533,056. Corporate insiders own 8.73% of the company’s stock.

Simon Property Group Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Simon Property Group (NYSE:SPG)

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