2,838 Shares in Simon Property Group, Inc. $SPG Bought by Oxford Financial Group LTD. LLC

Oxford Financial Group LTD. LLC bought a new position in shares of Simon Property Group, Inc. (NYSE:SPG) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,838 shares of the real estate investment trust’s stock, valued at approximately $635,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of SPG. Norges Bank purchased a new position in shares of Simon Property Group during the fourth quarter valued at about $1,112,111,000. Wellington Management Group LLP increased its position in shares of Simon Property Group by 7.7% during the 4th quarter. Wellington Management Group LLP now owns 7,939,861 shares of the real estate investment trust’s stock valued at $1,469,748,000 after purchasing an additional 569,772 shares during the last quarter. Bank of America Corp DE boosted its stake in Simon Property Group by 6.1% during the first quarter. Bank of America Corp DE now owns 8,503,133 shares of the real estate investment trust’s stock worth $1,586,089,000 after buying an additional 491,519 shares during the period. Cardano Risk Management B.V. bought a new position in Simon Property Group during the second quarter valued at $104,281,000. Finally, BlackRock Inc. increased its position in Simon Property Group by 1.2% during the second quarter. BlackRock Inc. now owns 37,269,192 shares of the real estate investment trust’s stock valued at $8,335,255,000 after acquiring an additional 455,543 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Simon Property Group

In other news, Director Daniel C. Smith acquired 372 shares of Simon Property Group stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average cost of $223.31 per share, for a total transaction of $83,071.32. Following the completion of the purchase, the director directly owned 34,480 shares in the company, valued at $7,699,728.80. This trade represents a 1.09% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary M. Rodkin bought 256 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average cost of $223.34 per share, with a total value of $57,175.04. Following the acquisition, 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 SEC filing for this purchase provides additional information. In the last quarter, insiders have bought 2,387 shares of company stock worth $533,056. 8.73% of the stock is owned by corporate insiders.

Simon Property Group Stock Performance

Shares of SPG opened at $220.33 on Friday. The stock has a fifty day moving average price of $223.07 and a 200-day moving average price of $207.05. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 5.19. Simon Property Group, Inc. has a 12 month low of $172.19 and a 12 month high of $238.50. The firm has a market cap of $71.29 billion, a PE ratio of 15.54, a P/E/G ratio of 2.78 and a beta of 1.30.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.15). The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.Simon Property Group’s revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.70 EPS. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Equities research analysts predict that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be given a dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $9.00 dividend on an annualized basis and a yield of 4.1%. Simon Property Group’s payout ratio is currently 63.47%.

Analysts Set New Price Targets

SPG has been the subject of several analyst reports. 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. Weiss Ratings upgraded shares of Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, August 12th. Truist Financial increased their price objective on shares of Simon Property Group from $196.00 to $215.00 and gave the stock a “hold” rating in a research report on Tuesday, June 23rd. Evercore set a $215.00 target price on Simon Property Group in a research report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Simon Property Group from $210.00 to $217.00 and gave the company a “neutral” rating in a research note on Monday, June 1st. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $223.00.

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.