Dorsey Wright & Associates Makes New Investment in Simon Property Group, Inc. $SPG

Dorsey Wright & Associates acquired a new stake in shares of Simon Property Group, Inc. (NYSE:SPG) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,478 shares of the real estate investment trust’s stock, valued at approximately $1,022,000.

Other institutional investors have also modified their holdings of the company. Stance Capital LLC purchased a new stake in shares of Simon Property Group during the third quarter worth about $26,000. Wilkerson Advisory Group LLC acquired a new stake in Simon Property Group in the 4th quarter worth about $29,000. SHP Wealth Management acquired a new stake in Simon Property Group in the 4th quarter worth about $34,000. Tompkins Financial Corp purchased a new stake in Simon Property Group during the 4th quarter worth approximately $42,000. Finally, Cullen Frost Bankers Inc. increased its stake in Simon Property Group by 79.3% during the 4th quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 111 shares in the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Simon Property Group Trading Down 0.0%

Shares of Simon Property Group stock opened at $228.47 on Friday. The stock has a market cap of $74.09 billion, a P/E ratio of 15.88, a P/E/G ratio of 2.95 and a beta of 1.29. The stock’s 50 day simple moving average is $213.40 and its 200-day simple moving average is $200.15. Simon Property Group, Inc. has a 1-year low of $159.70 and a 1-year high of $231.53. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the business earned $2.95 earnings per share. The business’s revenue was up 19.3% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Analysts predict that Simon Property Group, Inc. will post 13.21 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 3.9%. The ex-dividend date was Tuesday, June 9th. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s dividend payout ratio (DPR) is currently 62.54%.

Analyst Ratings Changes

SPG has been the topic of several research reports. UBS Group raised their target price on Simon Property Group from $199.00 to $222.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Jefferies Financial Group upgraded Simon Property Group to a “strong-buy” rating in a report on Friday, June 26th. Weiss Ratings raised shares of Simon Property Group from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday. JPMorgan Chase & Co. lifted their target price on shares of Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a research note on Monday, June 1st. Finally, Stifel Nicolaus upped their target price on shares of Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $212.21.

Insider Buying and Selling

In other news, Director Larry C. Glasscock purchased 397 shares of the stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average price of $223.38 per share, with a total value of $88,681.86. Following the transaction, the director owned 45,902 shares in the company, valued at $10,253,588.76. The trade was a 0.87% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary M. Rodkin acquired 256 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average cost of $223.34 per share, with a total value of $57,175.04. Following the acquisition, the director directly owned 21,016 shares of the company’s stock, valued at $4,693,713.44. This trade represents a 1.23% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought 2,387 shares of company stock worth $533,056 over the last quarter. Corporate insiders own 8.73% of the company’s stock.

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.