Simon Property Group, Inc. $SPG Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. reduced its holdings in Simon Property Group, Inc. (NYSE:SPG) by 36.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,265 shares of the real estate investment trust’s stock after selling 9,413 shares during the period. Pacer Advisors Inc.’s holdings in Simon Property Group were worth $3,034,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Danske Bank A S lifted its holdings in shares of Simon Property Group by 11.1% in the 4th quarter. Danske Bank A S now owns 193,946 shares of the real estate investment trust’s stock valued at $35,901,000 after buying an additional 19,300 shares during the period. Legal & General Group Plc grew its holdings in Simon Property Group by 3.3% during the fourth quarter. Legal & General Group Plc now owns 3,783,976 shares of the real estate investment trust’s stock worth $700,452,000 after acquiring an additional 122,186 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in Simon Property Group by 3.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 604,773 shares of the real estate investment trust’s stock worth $111,950,000 after acquiring an additional 20,477 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Simon Property Group by 1,329.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 468,497 shares of the real estate investment trust’s stock valued at $86,723,000 after acquiring an additional 435,721 shares in the last quarter. Finally, L & S Advisors Inc purchased a new position in Simon Property Group during the fourth quarter valued at approximately $4,058,000. Institutional investors and hedge funds own 93.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SPG. JPMorgan Chase & Co. boosted their price target on Simon Property Group from $210.00 to $217.00 and gave the company a “neutral” rating in a report on Monday, June 1st. Deutsche Bank Aktiengesellschaft lowered shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 target price for the company. in a report on Thursday, July 9th. Morgan Stanley boosted their target price on shares of Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 9th. Barclays increased their price target on shares of Simon Property Group from $212.00 to $213.00 and gave the stock an “equal weight” rating in a report on Thursday, June 25th. Finally, Jefferies Financial Group upgraded shares of Simon Property Group to a “strong-buy” rating in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, Simon Property Group presently has a consensus rating of “Hold” and a consensus target price of $216.14.

Insider Transactions at Simon Property Group

In related news, Director Daniel C. Smith purchased 372 shares of the business’s stock in a transaction that occurred on 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 acquisition, the director owned 34,480 shares in the company, valued at $7,699,728.80. The trade was a 1.09% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Marta R. Stewart acquired 182 shares of Simon Property Group stock in a transaction on Tuesday, June 30th. The shares were bought at an average price of $223.16 per share, with a total value of $40,615.12. Following the completion of the transaction, the director directly owned 18,000 shares of the company’s stock, valued at $4,016,880. This trade represents a 1.02% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 2,387 shares of company stock worth $533,056 in the last ninety days. Company insiders own 8.73% of the company’s stock.

Simon Property Group Stock Performance

Shares of SPG stock opened at $221.57 on Friday. The company has a market capitalization of $71.85 billion, a P/E ratio of 15.40, a P/E/G ratio of 2.91 and a beta of 1.30. The business’s 50 day moving average is $220.44 and its two-hundred day moving average is $204.58. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68. Simon Property Group, Inc. has a 12-month low of $163.29 and a 12-month high of $238.50.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Monday, May 11th. The real estate investment trust reported $1.48 EPS for the quarter, beating the consensus estimate of $1.46 by $0.02. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.54 billion. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.Simon Property Group’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period last year, the company earned $2.95 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Analysts expect that Simon Property Group, Inc. will post 13.21 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were paid a $2.25 dividend. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $9.00 dividend on an annualized basis and a yield of 4.1%. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s dividend payout ratio is 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.