Landscape Capital Management L.L.C. Purchases Shares of 12,676 Simon Property Group, Inc. $SPG

Landscape Capital Management L.L.C. purchased a new position in shares of Simon Property Group, Inc. (NYSE:SPG) during the second quarter, Holdings Channel.com reports. The firm purchased 12,676 shares of the real estate investment trust’s stock, valued at approximately $2,835,000.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC bought a new position in Simon Property Group during the fourth quarter worth $295,000. Marshall Wace LLP increased its stake in Simon Property Group by 316.2% in the second quarter. Marshall Wace LLP now owns 19,787 shares of the real estate investment trust’s stock valued at $3,181,000 after purchasing an additional 15,033 shares in the last quarter. Jump Financial LLC increased its stake 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 in the last quarter. Cerity Partners LLC increased its stake 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 in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of Simon Property Group by 13.4% during 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 purchasing an additional 3,372 shares during the period. Institutional investors and hedge funds own 93.01% of the company’s stock.

Wall Street Analysts Forecast Growth

SPG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a research report on Monday, June 1st. Citigroup boosted their target price on Simon Property Group from $205.00 to $230.00 and gave the company a “neutral” rating in a research report on Monday. LADENBURG THALM/SH SH upped their price target on Simon Property Group from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Wolfe Research lowered Simon Property Group from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 30th. Finally, Stifel Nicolaus raised their price objective on Simon Property Group from $194.00 to $209.00 and gave the company a “hold” rating in a research note on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $223.00.

Simon Property Group Stock Performance

Shares of SPG stock opened at $218.52 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 5.19. The firm has a fifty day simple moving average of $223.06 and a two-hundred day simple moving average of $207.13. Simon Property Group, Inc. has a 12 month low of $172.19 and a 12 month high of $238.50. The firm has a market capitalization of $70.70 billion, a PE ratio of 15.41, a price-to-earnings-growth ratio of 2.74 and a beta of 1.30.

Simon Property Group (NYSE:SPG) last released its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share 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 business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period last year, the business posted $1.70 earnings per share. The firm’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. Analysts forecast 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. Investors of record on Wednesday, September 9th will be issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Wednesday, September 9th. Simon Property Group’s dividend payout ratio is currently 63.47%.

Insiders Place Their Bets

In related news, Director Reuben S. Leibowitz acquired 508 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was purchased at an average cost of $223.38 per share, with a total value of $113,477.04. Following the acquisition, the director owned 55,797 shares of the company’s stock, valued at approximately $12,463,933.86. This trade represents a 0.92% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Glyn Aeppel acquired 243 shares of the firm’s stock in a transaction on Tuesday, June 30th. The shares were bought at an average cost of $223.36 per share, with a total value of $54,276.48. Following the completion of the acquisition, the director directly owned 21,067 shares in the company, valued at approximately $4,705,525.12. This represents a 1.17% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 2,387 shares of company stock worth $533,056 in the last 90 days. Company 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.