Groupe la Francaise decreased its holdings in Simon Property Group, Inc. (NYSE:SPG – Free Report) by 40.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,311 shares of the real estate investment trust’s stock after selling 18,665 shares during the quarter. Groupe la Francaise’s holdings in Simon Property Group were worth $6,108,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Stance Capital LLC purchased a new stake in Simon Property Group during the 3rd quarter worth approximately $26,000. Ancora Advisors LLC purchased a new position in Simon Property Group in the second quarter valued at $27,000. Wilkerson Advisory Group LLC acquired a new position in Simon Property Group during the 4th quarter worth $29,000. Osbon Capital Management LLC acquired a new position in Simon Property Group during the 2nd quarter worth $32,000. Finally, SHP Wealth Management purchased a new stake in Simon Property Group during the 4th quarter worth about $34,000. Institutional investors and hedge funds own 93.01% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. Morgan Stanley increased their price target on Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 9th. Mizuho upped their target price on shares of Simon Property Group from $211.00 to $226.00 and gave the stock a “neutral” rating in a research note on Thursday, August 27th. Deutsche Bank Aktiengesellschaft downgraded shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price target for the company. in a research note on Thursday, July 9th. Truist Financial boosted their price target on shares of Simon Property Group from $196.00 to $215.00 and gave the stock a “hold” rating in a report on Tuesday, June 23rd. Finally, Jefferies Financial Group raised shares of Simon Property Group to a “strong-buy” rating in a research report on Friday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, Simon Property Group has an average rating of “Hold” and a consensus target price of $228.14.
Simon Property Group Price Performance
Shares of SPG opened at $209.49 on Tuesday. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.05 and a quick ratio of 1.05. Simon Property Group, Inc. has a 1-year low of $172.19 and a 1-year high of $238.50. The stock has a market cap of $67.78 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 3.16 and a beta of 1.28. The firm has a fifty day moving average price of $222.17 and a 200 day moving average price of $208.60.
Simon Property Group (NYSE:SPG – Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.15). Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the previous year, the business posted $1.70 EPS. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. As a group, sell-side analysts anticipate that Simon Property Group, Inc. will post 13.2 EPS for the current year.
Simon Property Group Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Wednesday, September 9th. Simon Property Group’s dividend payout ratio (DPR) is currently 63.47%.
Insider Activity at Simon Property Group
In other news, Director Reuben Leibowitz purchased 508 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were bought at an average price of $223.38 per share, with a total value of $113,477.04. Following the completion of the transaction, the director directly owned 55,797 shares in the company, valued at approximately $12,463,933.86. This represents a 0.92% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary Rodkin acquired 256 shares of Simon Property Group stock in a transaction on Tuesday, June 30th. The stock was purchased at an average price of $223.34 per share, with a total value of $57,175.04. Following the purchase, the director owned 21,016 shares of the company’s stock, valued at $4,693,713.44. The trade was a 1.23% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 2,387 shares of company stock valued at $533,056 over the last 90 days. 8.73% of the stock is owned by insiders.
Simon Property Group Profile
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.
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