Chilton Capital Management LLC Boosts Stake in Simon Property Group, Inc. $SPG

Chilton Capital Management LLC increased its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 596.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,999 shares of the real estate investment trust’s stock after purchasing an additional 40,249 shares during the quarter. Chilton Capital Management LLC’s holdings in Simon Property Group were worth $10,511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. BCGM Wealth Management LLC increased its holdings in Simon Property Group by 4.7% in the 2nd quarter. BCGM Wealth Management LLC now owns 11,889 shares of the real estate investment trust’s stock worth $2,659,000 after buying an additional 535 shares in the last quarter. Win Advisors Inc. purchased a new position in Simon Property Group in the 2nd quarter worth about $205,000. Symphony Financial Ltd. Co. purchased a new position in Simon Property Group in the 2nd quarter worth about $207,000. Ascent Group LLC lifted its stake in Simon Property Group by 6.7% during the 2nd quarter. Ascent Group LLC now owns 2,942 shares of the real estate investment trust’s stock valued at $658,000 after acquiring an additional 185 shares during the period. Finally, Summit Securities Group LLC lifted its stake in Simon Property Group by 3,071.7% during the 2nd quarter. Summit Securities Group LLC now owns 1,681 shares of the real estate investment trust’s stock valued at $376,000 after acquiring an additional 1,628 shares during the period. 93.01% of the stock is owned by hedge funds and other institutional investors.

Simon Property Group Stock Down 1.0%

SPG stock opened at $219.34 on Friday. Simon Property Group, Inc. has a fifty-two week low of $171.22 and a fifty-two week high of $238.50. The business’s 50-day moving average is $222.30 and its two-hundred day moving average is $205.94. The company has a debt-to-equity ratio of 5.19, a quick ratio of 0.84 and a current ratio of 1.05. The company has a market cap of $71.13 billion, a price-to-earnings ratio of 15.47, a P/E/G ratio of 2.86 and a beta of 1.30.

Simon Property Group (NYSE:SPG) last released its quarterly 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). Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the firm earned $1.70 earnings per share. The company’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, analysts forecast that Simon Property Group, Inc. will post 13.2 earnings per share for the current year.

Simon Property Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be issued a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.1%. Simon Property Group’s dividend payout ratio (DPR) is presently 63.47%.

Analyst Ratings Changes

SPG has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price target on the stock. in a report on Thursday, July 9th. Citigroup increased their price objective on shares of Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Bank of America increased their price objective on shares of Simon Property Group from $225.00 to $236.00 and gave the company a “buy” rating in a research report on Monday, June 29th. JPMorgan Chase & Co. raised their target price on shares of Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a report on Monday, June 1st. Finally, Truist Financial lifted their target price on shares of Simon Property Group from $196.00 to $215.00 and gave the stock a “hold” rating in a research report on Tuesday, June 23rd. 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 stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $221.07.

Insider Activity at Simon Property Group

In other Simon Property Group news, Director Larry C. Glasscock purchased 397 shares of the firm’s stock in a transaction on Tuesday, June 30th. The shares were acquired at an average cost of $223.38 per share, for a total transaction of $88,681.86. Following the completion of the transaction, the director owned 45,902 shares of the company’s stock, valued at approximately $10,253,588.76. The trade was a 0.87% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel C. Smith purchased 372 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average price of $223.31 per share, for a total transaction of $83,071.32. Following the purchase, the director directly owned 34,480 shares in the company, valued at approximately $7,699,728.80. The trade was a 1.09% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 2,387 shares of company stock valued at $533,056 in the last three months. Corporate insiders own 8.73% of the company’s stock.

About Simon Property Group

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.