OneDigital Investment Advisors LLC Lowers Stock Holdings in Simon Property Group, Inc. $SPG

OneDigital Investment Advisors LLC reduced its holdings in Simon Property Group, Inc. (NYSE:SPG) by 54.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,710 shares of the real estate investment trust’s stock after selling 3,208 shares during the period. OneDigital Investment Advisors LLC’s holdings in Simon Property Group were worth $606,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Stance Capital LLC acquired a new position in shares of Simon Property Group during the 3rd 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. N.E.W. Advisory Services LLC boosted its holdings in Simon Property Group by 335.0% in the 2nd quarter. N.E.W. Advisory Services LLC now owns 174 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 134 shares during the last quarter. WPG Advisers LLC increased its stake in Simon Property Group by 40.3% during the 2nd quarter. WPG Advisers LLC now owns 181 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 52 shares in the last quarter. Finally, SHP Wealth Management purchased a new stake in Simon Property Group during the 4th quarter worth approximately $34,000. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Larry C. Glasscock bought 397 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was acquired at an average cost of $223.38 per share, with a total value of $88,681.86. Following the purchase, the director directly owned 45,902 shares of the company’s stock, valued at $10,253,588.76. The trade was a 0.87% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Glyn Aeppel purchased 243 shares of Simon Property Group stock in a transaction dated Tuesday, June 30th. The shares were bought at an average price of $223.36 per share, for a total transaction of $54,276.48. Following the acquisition, 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. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders acquired 2,387 shares of company stock worth $533,056. 8.73% of the stock is currently owned by company insiders.

Simon Property Group Trading Down 0.3%

SPG opened at $221.07 on Wednesday. The firm has a market capitalization of $71.53 billion, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 2.74 and a beta of 1.30. The company’s 50 day simple moving average is $222.76 and its two-hundred day simple moving average is $206.61. Simon Property Group, Inc. has a 1-year low of $172.09 and a 1-year 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 posted 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 net margin of 66.56% and a return on equity of 89.32%. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter last year, the company earned $1.70 earnings per share. Simon Property Group’s revenue for the quarter 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 expect that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal year.

Simon Property Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SPG shares. Wolfe Research downgraded Simon Property Group from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, June 30th. Barclays boosted their price target on Simon Property Group from $213.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Monday. JPMorgan Chase & Co. raised their price objective on Simon Property Group from $210.00 to $217.00 and gave the company a “neutral” rating in a report on Monday, June 1st. Truist Financial lifted their target price on shares of Simon Property Group from $196.00 to $215.00 and gave the stock a “hold” rating in a research note on Tuesday, June 23rd. Finally, Morgan Stanley upped their target price on shares of Simon Property Group from $205.00 to $207.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 9th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $222.87.

Simon Property Group Company 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.