Simon Property Group, Inc. $SPG Shares Acquired by SAM Advisors LLC

SAM Advisors LLC increased its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 3.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,642 shares of the real estate investment trust’s stock after purchasing an additional 675 shares during the quarter. Simon Property Group accounts for approximately 1.2% of SAM Advisors LLC’s investment portfolio, making the stock its 17th largest holding. SAM Advisors LLC’s holdings in Simon Property Group were worth $3,479,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Simon Property Group in the 2nd quarter worth approximately $68,013,000. Spirit of America Management Corp NY increased its stake in shares of Simon Property Group by 3.5% in the second quarter. Spirit of America Management Corp NY now owns 17,600 shares of the real estate investment trust’s stock worth $2,829,000 after acquiring an additional 600 shares during the period. Hamlin Capital Management LLC increased its stake in shares of Simon Property Group by 1.6% in the second quarter. Hamlin Capital Management LLC now owns 814,907 shares of the real estate investment trust’s stock worth $131,004,000 after acquiring an additional 13,179 shares during the period. VELA Investment Management LLC raised its holdings in shares of Simon Property Group by 55.3% during the second quarter. VELA Investment Management LLC now owns 2,614 shares of the real estate investment trust’s stock worth $420,000 after purchasing an additional 931 shares during the last quarter. Finally, Chevy Chase Trust Holdings LLC lifted its position in Simon Property Group by 0.6% during the second quarter. Chevy Chase Trust Holdings LLC now owns 162,305 shares of the real estate investment trust’s stock valued at $26,092,000 after purchasing an additional 968 shares during the period. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Simon Property Group Stock Up 0.8%

Shares of SPG opened at $178.23 on Friday. The firm has a market cap of $58.19 billion, a P/E ratio of 27.55, a PEG ratio of 13.06 and a beta of 1.50. Simon Property Group, Inc. has a 12 month low of $136.34 and a 12 month high of $190.13. The stock’s 50 day moving average is $179.20 and its two-hundred day moving average is $166.31. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 9.05.

Simon Property Group (NYSE:SPG) last announced its earnings results on Monday, August 4th. The real estate investment trust reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.04 by $0.01. Simon Property Group had a return on equity of 72.38% and a net margin of 36.78%.The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the firm posted $2.90 EPS. The business’s revenue was up 13.9% on a year-over-year basis. Simon Property Group has set its FY 2025 guidance at 12.450-12.650 EPS. Analysts predict that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 9th were given a $2.15 dividend. This represents a $8.60 annualized dividend and a dividend yield of 4.8%. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.10. The ex-dividend date was Tuesday, September 9th. Simon Property Group’s dividend payout ratio (DPR) is 132.92%.

Insider Buying and Selling at Simon Property Group

In related news, Director Gary M. Rodkin purchased 219 shares of Simon Property Group stock in a transaction that occurred on Tuesday, September 30th. The stock was purchased at an average price of $185.95 per share, for a total transaction of $40,723.05. Following the transaction, the director directly owned 19,229 shares in the company, valued at approximately $3,575,632.55. This trade represents a 1.15% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Daniel C. Smith acquired 335 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was purchased at an average price of $185.95 per share, for a total transaction of $62,293.25. Following the completion of the acquisition, the director owned 32,333 shares in the company, valued at $6,012,321.35. The trade was a 1.05% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 2,163 shares of company stock valued at $401,605. Corporate insiders own 8.66% of the company’s stock.

Analyst Ratings Changes

SPG has been the topic of several analyst reports. Argus reaffirmed a “buy” rating and set a $185.00 price target on shares of Simon Property Group in a research report on Friday, September 5th. LADENBURG THALM/SH SH began coverage on Simon Property Group in a report on Friday, July 18th. They set a “buy” rating and a $225.00 target price on the stock. Barclays boosted their price target on Simon Property Group from $170.00 to $180.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. Morgan Stanley raised their price objective on shares of Simon Property Group from $170.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 11th. Finally, Stifel Nicolaus cut shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $179.00 target price for the company. in a research note on Tuesday, September 2nd. Five analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Simon Property Group currently has a consensus rating of “Hold” and a consensus target price of $187.31.

Simon Property Group Company Profile

Simon Property Group, Inc (NYSE:SPG) is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc, the Operating Partnership, and its subsidiaries.