D.A. Davidson & CO. Raises Stake in Simon Property Group, Inc. $SPG

D.A. Davidson & CO. boosted its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 9.1% during the first quarter, Holdings Channel.com reports. The firm owned 32,846 shares of the real estate investment trust’s stock after buying an additional 2,735 shares during the quarter. D.A. Davidson & CO.’s holdings in Simon Property Group were worth $6,127,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. PFG Investments LLC increased 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 last quarter. Great Valley Advisor Group Inc. boosted its position in shares of Simon Property Group by 2.3% during the fourth quarter. Great Valley Advisor Group Inc. now owns 2,360 shares of the real estate investment trust’s stock worth $437,000 after buying an additional 52 shares during the period. Veridan Wealth LLC grew its stake 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. CYBER HORNET ETFs LLC grew 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 in the last quarter. Finally, Embree Financial Group boosted its holdings in Simon Property Group by 2.4% during the 4th quarter. Embree Financial Group now owns 2,414 shares of the real estate investment trust’s stock valued at $447,000 after acquiring an additional 56 shares during the period. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Simon Property Group Stock Down 0.0%

Simon Property Group stock opened at $228.47 on Friday. Simon Property Group, Inc. has a fifty-two week low of $159.70 and a fifty-two week high of $231.53. The firm has a market capitalization of $74.09 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 2.95 and a beta of 1.29. The stock’s fifty day moving average is $213.40 and its two-hundred day moving average is $200.15. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.84 and a current ratio of 0.84.

Simon Property Group (NYSE:SPG) last released 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 analysts’ expectations 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 revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.95 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Analysts predict that Simon Property Group, Inc. will post 13.21 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were given a $2.25 dividend. The ex-dividend date of this dividend was Tuesday, June 9th. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 annualized dividend and a dividend yield of 3.9%. Simon Property Group’s dividend payout ratio (DPR) is currently 62.54%.

Analyst Upgrades and Downgrades

Several brokerages have commented on SPG. Citigroup raised their price target on shares of Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. JPMorgan Chase & Co. increased their price target on Simon Property Group from $210.00 to $217.00 and gave the company a “neutral” rating in a research report on Monday, June 1st. Deutsche Bank Aktiengesellschaft cut shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price objective for the company. in a research report on Thursday, July 9th. Scotiabank lifted their price target on Simon Property Group from $206.00 to $220.00 and gave the stock a “sector perform” rating in a report on Thursday, June 18th. Finally, Barclays raised their target price on Simon Property Group from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 25th. One investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $212.21.

Insiders Place Their Bets

In other Simon Property Group news, Director Reuben S. Leibowitz purchased 508 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average price of $223.38 per share, for a total transaction of $113,477.04. Following the completion of the purchase, the director owned 55,797 shares in the company, valued at $12,463,933.86. The trade was a 0.92% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel C. Smith purchased 372 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average price of $223.31 per share, with a total value of $83,071.32. Following the completion of the purchase, the director directly owned 34,480 shares of the company’s stock, valued at approximately $7,699,728.80. This represents a 1.09% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have bought 2,387 shares of company stock worth $533,056. 8.73% of the stock is owned by company insiders.

About Simon Property Group

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.