Independent Financial Group LLC Invests $787,000 in Simon Property Group, Inc. $SPG

Independent Financial Group LLC bought a new position in shares of Simon Property Group, Inc. (NYSE:SPG) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,216 shares of the real estate investment trust’s stock, valued at approximately $787,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SPG. Stance Capital LLC acquired a new stake in Simon Property Group during the 3rd quarter worth about $26,000. Wilkerson Advisory Group LLC acquired a new stake in shares of Simon Property Group during the fourth quarter valued at approximately $29,000. SHP Wealth Management purchased a new stake in shares of Simon Property Group in the 4th quarter valued at approximately $34,000. Tompkins Financial Corp purchased a new stake in shares of Simon Property Group in the 4th quarter valued at approximately $42,000. Finally, Cullen Frost Bankers Inc. boosted its stake in Simon Property Group by 79.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 111 shares during the period. Institutional investors and hedge funds own 93.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Piper Sandler boosted their target price 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. JPMorgan Chase & Co. increased their price objective on Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a research note on Monday, June 1st. Truist Financial raised their price objective on Simon Property Group from $196.00 to $215.00 and gave the stock a “hold” rating in a research report on Tuesday, June 23rd. Bank of America upped their target price on Simon Property Group from $225.00 to $236.00 and gave the company a “buy” rating in a report on Monday, June 29th. Finally, Stifel Nicolaus raised their price target 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 equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, Simon Property Group has a consensus rating of “Hold” and a consensus price target of $216.14.

Insider Buying and Selling

In other Simon Property Group news, Director Glyn Aeppel acquired 243 shares of Simon Property Group stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average price of $223.36 per share, with a total value of $54,276.48. Following the purchase, the director owned 21,067 shares in the company, valued at approximately $4,705,525.12. This trade represents a 1.17% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary M. Rodkin acquired 256 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average price of $223.34 per share, with a total value of $57,175.04. Following the completion of the acquisition, the director directly owned 21,016 shares of the company’s stock, valued at $4,693,713.44. This represents a 1.23% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders purchased 2,387 shares of company stock valued at $533,056. 8.73% of the stock is owned by company insiders.

Simon Property Group Price Performance

SPG opened at $226.72 on Wednesday. The stock has a fifty day moving average price of $214.37 and a 200 day moving average price of $200.83. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68. Simon Property Group, Inc. has a 1 year low of $159.70 and a 1 year high of $231.52. The stock has a market cap of $73.52 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 2.95 and a beta of 1.29.

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 for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.54 billion. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The business’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period last year, the business earned $2.95 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Analysts forecast that Simon Property Group, Inc. will post 13.21 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 4.0%. This is a boost from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date was Tuesday, June 9th. Simon Property Group’s dividend payout ratio is presently 62.54%.

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.