Lasalle Investment Management Securities LLC Purchases 34,090 Shares of Simon Property Group, Inc. $SPG

Lasalle Investment Management Securities LLC raised its position in Simon Property Group, Inc. (NYSE:SPG) by 6.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 567,093 shares of the real estate investment trust’s stock after buying an additional 34,090 shares during the period. Simon Property Group comprises 4.2% of Lasalle Investment Management Securities LLC’s investment portfolio, making the stock its 6th biggest position. Lasalle Investment Management Securities LLC’s holdings in Simon Property Group were worth $105,780,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Stance Capital LLC acquired a new position in Simon Property Group in the 3rd quarter worth about $26,000. Wilkerson Advisory Group LLC purchased a new stake in shares of Simon Property Group in the fourth quarter valued at approximately $29,000. SHP Wealth Management acquired a new position in shares of Simon Property Group during the 4th quarter worth approximately $34,000. Cullen Frost Bankers Inc. raised its stake in shares of Simon Property Group by 79.3% during the 4th quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 111 shares during the period. Finally, MV Capital Management Inc. purchased a new position in shares of Simon Property Group during the 4th quarter valued at approximately $46,000. Institutional investors and hedge funds own 93.01% of the company’s stock.

Insider Buying and Selling at Simon Property Group

In related news, Director Gary M. Rodkin purchased 256 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average cost of $223.34 per share, for a total transaction of $57,175.04. Following the completion of the transaction, the director directly owned 21,016 shares of the company’s stock, valued at approximately $4,693,713.44. This trade represents a 1.23% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel C. Smith purchased 372 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was bought at an average price of $223.31 per share, with a total value of $83,071.32. Following the completion of the transaction, 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 ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders acquired 2,387 shares of company stock worth $533,056. 8.73% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on SPG shares. Bank of America lifted their price target on shares of Simon Property Group from $225.00 to $236.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Barclays increased their price objective on shares of Simon Property Group from $212.00 to $213.00 and gave the company an “equal weight” rating in a report on Thursday, June 25th. Morgan Stanley boosted 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 research note on Tuesday, June 9th. JPMorgan Chase & Co. upped their price target 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. Finally, Weiss Ratings raised shares of Simon Property Group from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $216.14.

Simon Property Group Price Performance

Shares of NYSE SPG opened at $226.29 on Thursday. The firm has a 50-day simple moving average of $214.89 and a 200-day simple moving average of $201.12. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 4.68. The stock has a market capitalization of $73.38 billion, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 2.93 and a beta of 1.29. Simon Property Group, Inc. has a 52 week low of $159.70 and a 52 week high of $231.52.

Simon Property Group (NYSE:SPG) last posted 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. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the previous year, the business posted $2.95 earnings per share. Simon Property Group’s quarterly revenue was up 19.3% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. On average, equities analysts predict that Simon Property Group, Inc. will post 13.21 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, June 30th. Stockholders of record on Tuesday, June 9th were issued a dividend of $2.25 per share. The ex-dividend date was Tuesday, June 9th. This represents a $9.00 annualized dividend and a dividend yield of 4.0%. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s payout ratio is presently 62.54%.

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.