4,134 Shares in Simon Property Group, Inc. $SPG Bought by Fairtree Asset Management Pty Ltd

Fairtree Asset Management Pty Ltd purchased a new stake in shares of Simon Property Group, Inc. (NYSE:SPG) during the 2nd quarter, HoldingsChannel reports. The firm purchased 4,134 shares of the real estate investment trust’s stock, valued at approximately $925,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new position in shares of Simon Property Group in the 4th quarter valued at about $295,000. Marshall Wace LLP boosted its position in Simon Property Group by 316.2% during the second quarter. Marshall Wace LLP now owns 19,787 shares of the real estate investment trust’s stock worth $3,181,000 after purchasing an additional 15,033 shares in the last quarter. Jump Financial LLC grew its holdings in Simon Property Group by 80.1% in the second quarter. Jump Financial LLC now owns 16,881 shares of the real estate investment trust’s stock valued at $2,714,000 after purchasing an additional 7,506 shares during the period. Cerity Partners LLC grew its holdings in Simon Property Group by 1.7% in the second quarter. Cerity Partners LLC now owns 35,740 shares of the real estate investment trust’s stock valued at $5,745,000 after purchasing an additional 598 shares during the period. Finally, NewEdge Advisors LLC increased its position in shares of Simon Property Group by 13.4% in the second quarter. NewEdge Advisors LLC now owns 28,444 shares of the real estate investment trust’s stock valued at $4,573,000 after buying an additional 3,372 shares in the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Simon Property Group Price Performance

Shares of Simon Property Group stock opened at $220.33 on Friday. The stock has a market capitalization of $71.29 billion, a P/E ratio of 15.54, a PEG ratio of 2.78 and a beta of 1.30. The business has a 50 day simple moving average of $223.07 and a two-hundred day simple moving average of $207.05. Simon Property Group, Inc. has a 12 month low of $172.19 and a 12 month high of $238.50. 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 (NYSE:SPG) last issued 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 return on equity of 89.32% and a net margin of 66.56%.The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the firm earned $1.70 earnings per share. The business’s revenue was up 19.5% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. As a group, analysts predict that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal year.

Simon Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, September 9th. Simon Property Group’s payout ratio is 63.47%.

Insider Buying and Selling at Simon Property Group

In other Simon Property Group news, Director Glyn Aeppel purchased 243 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average cost of $223.36 per share, with a total value of $54,276.48. Following the completion of the purchase, the director owned 21,067 shares in the company, valued at approximately $4,705,525.12. This represents a 1.17% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Marta R. Stewart purchased 182 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average cost of $223.16 per share, for a total transaction of $40,615.12. Following the completion of the purchase, the director owned 18,000 shares of the company’s stock, valued at approximately $4,016,880. This represents a 1.02% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 2,387 shares of company stock valued at $533,056. 8.73% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SPG shares. Bank of America upped their target price on Simon Property Group from $225.00 to $236.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Piper Sandler lifted their price target on shares of Simon Property Group from $230.00 to $285.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. LADENBURG THALM/SH SH boosted their price target on shares of Simon Property Group from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Truist Financial upped their price objective 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. Finally, UBS Group increased their price objective on shares of Simon Property Group from $199.00 to $222.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Simon Property Group presently has an average rating of “Hold” and an average target price of $223.00.

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.