Kingsview Wealth Management LLC Sells 31,959 Shares of Simon Property Group, Inc. $SPG

Kingsview Wealth Management LLC lessened its holdings in Simon Property Group, Inc. (NYSE:SPG) by 68.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,835 shares of the real estate investment trust’s stock after selling 31,959 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Simon Property Group were worth $3,318,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. PFG Investments LLC boosted its holdings in Simon Property Group by 2.2% in the 1st quarter. PFG Investments LLC now owns 2,341 shares of the real estate investment trust’s stock valued at $437,000 after purchasing an additional 50 shares during the period. WPG Advisers LLC increased its holdings in shares of Simon Property Group by 40.3% during the second quarter. WPG Advisers LLC now owns 181 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 52 shares during the period. Great Valley Advisor Group Inc. raised its position in shares of Simon Property Group by 2.3% in the fourth quarter. Great Valley Advisor Group Inc. now owns 2,360 shares of the real estate investment trust’s stock valued at $437,000 after buying an additional 52 shares in the last quarter. Veridan Wealth LLC raised its position in shares of Simon Property Group by 1.2% in the fourth quarter. Veridan Wealth LLC now owns 4,563 shares of the real estate investment trust’s stock valued at $845,000 after buying an additional 53 shares in the last quarter. Finally, CYBER HORNET ETFs LLC boosted its stake in shares of Simon Property Group by 6.2% in the fourth quarter. CYBER HORNET ETFs LLC now owns 936 shares of the real estate investment trust’s stock valued at $173,000 after buying an additional 55 shares during the period. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Truist Financial increased their price target 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. Jefferies Financial Group upgraded Simon Property Group to a “strong-buy” rating in a research report on Friday, June 26th. Wolfe Research lowered Simon Property Group from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 30th. Evercore set a $215.00 price target on Simon Property Group in a research report on Tuesday, July 7th. Finally, Deutsche Bank Aktiengesellschaft downgraded 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. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $225.27.

Insider Transactions at Simon Property Group

In related news, Director Gary M. Rodkin bought 256 shares of the company’s stock in a transaction dated 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 completion of the acquisition, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Larry C. Glasscock purchased 397 shares of Simon Property Group stock in a transaction dated Tuesday, June 30th. The stock was bought at an average price of $223.38 per share, for a total transaction of $88,681.86. Following the completion of the purchase, the director owned 45,902 shares in the company, valued at $10,253,588.76. This represents a 0.87% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have purchased 2,387 shares of company stock valued at $533,056. 8.73% of the stock is owned by company insiders.

Simon Property Group Trading Down 0.1%

Shares of SPG stock opened at $214.65 on Friday. Simon Property Group, Inc. has a fifty-two week low of $172.19 and a fifty-two week high of $238.50. The stock’s fifty day moving average price is $223.52 and its two-hundred day moving average price is $207.92. The company has a debt-to-equity ratio of 5.19, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $69.45 billion, a PE ratio of 15.14, a P/E/G ratio of 2.67 and a beta of 1.30.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $1.49 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 business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the firm posted $1.70 EPS. Simon Property Group’s quarterly 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. Equities analysts predict that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal year.

Simon Property Group Dividend Announcement

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. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $9.00 annualized dividend and a yield of 4.2%. Simon Property Group’s payout ratio is presently 63.47%.

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.