Chilton Capital Management LLC Buys 40,249 Shares of Simon Property Group, Inc. $SPG

Chilton Capital Management LLC grew its stake in Simon Property Group, Inc. (NYSE:SPG) by 596.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,999 shares of the real estate investment trust’s stock after buying an additional 40,249 shares during the quarter. Chilton Capital Management LLC’s holdings in Simon Property Group were worth $10,511,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SPG. BCGM Wealth Management LLC lifted its position in shares of Simon Property Group by 4.7% during the 2nd quarter. BCGM Wealth Management LLC now owns 11,889 shares of the real estate investment trust’s stock valued at $2,659,000 after buying an additional 535 shares in the last quarter. Win Advisors Inc. bought a new position in shares of Simon Property Group during the 2nd quarter valued at approximately $205,000. Symphony Financial Ltd. Co. bought a new position in shares of Simon Property Group during the 2nd quarter valued at approximately $207,000. Ascent Group LLC increased its holdings in Simon Property Group by 6.7% in the 2nd quarter. Ascent Group LLC now owns 2,942 shares of the real estate investment trust’s stock worth $658,000 after acquiring an additional 185 shares in the last quarter. Finally, Summit Securities Group LLC increased its holdings in Simon Property Group by 3,071.7% in the 2nd quarter. Summit Securities Group LLC now owns 1,681 shares of the real estate investment trust’s stock worth $376,000 after acquiring an additional 1,628 shares in the last quarter. Institutional investors own 93.01% of the company’s stock.

Insider Activity

In related news, Director Marta R. Stewart bought 182 shares of the stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average price of $223.16 per share, with a total value of $40,615.12. Following the completion of the acquisition, the director owned 18,000 shares of the company’s stock, valued at $4,016,880. This represents a 1.02% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary M. Rodkin bought 256 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average price of $223.34 per share, with a total value of $57,175.04. Following the transaction, the director owned 21,016 shares of the company’s stock, valued at $4,693,713.44. The trade was a 1.23% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 2,387 shares of company stock valued at $533,056. Company insiders own 8.73% of the company’s stock.

Simon Property Group Stock Performance

NYSE:SPG opened at $219.34 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 5.19. Simon Property Group, Inc. has a 12-month low of $171.22 and a 12-month high of $238.50. The stock has a 50-day moving average price of $222.30 and a 200 day moving average price of $205.94. The stock has a market capitalization of $71.13 billion, a P/E ratio of 15.47, a P/E/G ratio of 2.86 and a beta of 1.30.

Simon Property Group (NYSE:SPG) last issued its earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period last year, the business posted $1.70 EPS. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Equities research analysts forecast that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal year.

Simon Property Group Dividend Announcement

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

Analyst Upgrades and Downgrades

SPG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a research note on Monday, June 1st. Evercore set a $215.00 price target on shares of Simon Property Group in a research report on Tuesday, July 7th. Weiss Ratings raised shares of Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft downgraded shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price objective on the stock. in a research report on Thursday, July 9th. Finally, Scotiabank raised their price objective on shares of Simon Property Group from $206.00 to $220.00 and gave the company a “sector perform” rating in a research report on Thursday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, Simon Property Group has a consensus rating of “Hold” and a consensus price target of $221.07.

Simon Property Group 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.