Monument Capital Management Has $367,000 Stock Holdings in Simon Property Group, Inc. $SPG

Monument Capital Management cut its holdings in Simon Property Group, Inc. (NYSE:SPG) by 50.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,281 shares of the real estate investment trust’s stock after selling 2,331 shares during the quarter. Monument Capital Management’s holdings in Simon Property Group were worth $367,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SPG. Park Square Financial Group LLC grew its position 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 purchasing an additional 81 shares during the period. Richardson Financial Services Inc. grew its position 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 purchasing an additional 111 shares during the period. Continuum Advisory LLC lifted its stake in 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 in the last quarter. WPG Advisers LLC bought a new stake in Simon Property Group in the 1st quarter valued at approximately $47,000. Finally, Grove Bank & Trust lifted 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 acquiring an additional 266 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on SPG shares. Stifel Nicolaus cut Simon Property Group from a “buy” rating to a “hold” rating and set a $179.00 target price on the stock. in a research note on Tuesday, September 2nd. Piper Sandler boosted their target price 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. Barclays boosted their target price on Simon Property Group from $170.00 to $180.00 and gave the company an “equal weight” rating in a research note on Monday. JPMorgan Chase & Co. boosted their target price on Simon Property Group from $180.00 to $184.00 and gave the company a “neutral” rating in a research note on Friday, August 22nd. Finally, Argus restated a “buy” rating and issued a $185.00 target price on shares of Simon Property Group in a research note on Friday, September 5th. Five analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $187.23.

Insider Transactions at Simon Property Group

In related news, Director Gary M. Rodkin bought 219 shares of Simon Property Group stock in a transaction dated Tuesday, September 30th. The shares were bought at an average cost of $185.95 per share, with a total value of $40,723.05. Following the acquisition, the director owned 19,229 shares in the company, valued at $3,575,632.55. This trade represents a 1.15% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Glyn Aeppel bought 208 shares of Simon Property Group stock in a transaction dated Tuesday, September 30th. The shares were bought at an average cost of $185.95 per share, for a total transaction of $38,677.60. Following the completion of the acquisition, the director owned 19,265 shares in the company, valued at $3,582,326.75. This represents a 1.09% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 2,163 shares of company stock worth $401,605. 8.66% of the stock is currently owned by company insiders.

Simon Property Group Stock Down 1.9%

SPG opened at $175.39 on Friday. Simon Property Group, Inc. has a 1-year low of $136.34 and a 1-year high of $190.13. The stock’s fifty day simple moving average is $178.12 and its 200 day simple moving average is $165.96. 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 stock has a market cap of $57.26 billion, a PE ratio of 27.11, a price-to-earnings-growth ratio of 10.83 and a beta of 1.50.

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

Simon Property Group Increases Dividend

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

Simon Property Group Company 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.