Simon Property Group, Inc. (SPG) To Go Ex-Dividend on December 10th

Simon Property Group, Inc. (NYSE:SPG) announced a quarterly dividend on Thursday, November 5th. Shareholders of record on Thursday, December 10th will be given a dividend of $2.30 per share by the real estate investment trust on Thursday, December 31st. This represents a $9.20 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Thursday, December 10th. This is a 2.2% increase from Simon Property Group’s previous quarterly dividend of $2.25.

Simon Property Group has increased its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 4 years. Simon Property Group has a payout ratio of 131.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Simon Property Group to earn $13.74 per share next year, which means the company should continue to be able to cover its $9.00 annual dividend with an expected future payout ratio of 65.5%.

Simon Property Group Trading Up 1.1%

Shares of NYSE:SPG opened at $228.96 on Friday. The stock has a market capitalization of $74.08 billion, a PE ratio of 16.84, a P/E/G ratio of 3.41 and a beta of 1.27. The firm has a fifty day moving average price of $207.97 and a 200 day moving average price of $206.76. Simon Property Group has a 1 year low of $177.88 and a 1 year high of $238.50. 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 (NYSE:SPG) last released its earnings results on Thursday, November 5th. The real estate investment trust reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $1.68. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.63 billion. Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%. The company’s revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company posted $3.22 EPS. Simon Property Group has set its FY 2026 guidance at 13.300-13.400 EPS. Analysts expect that Simon Property Group will post 13.24 EPS for the current fiscal year.

Insider Activity at Simon Property Group

In related news, Director Reuben S. Leibowitz purchased 480 shares of Simon Property Group stock in a transaction on Wednesday, September 30th. The shares were purchased at an average price of $202.78 per share, for a total transaction of $97,334.40. Following the transaction, the director owned 56,277 shares of the company’s stock, valued at approximately $11,411,850.06. This represents a 0.86% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Stefan M. Selig bought 208 shares of the firm’s stock in a transaction dated Wednesday, September 30th. The shares were acquired at an average cost of $202.78 per share, with a total value of $42,178.24. Following the completion of the transaction, the director owned 34,020 shares in the company, valued at approximately $6,898,575.60. The trade was a 0.62% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders acquired 1,668 shares of company stock valued at $338,237. 8.73% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Simon Property Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Ancora Advisors LLC purchased a new position in Simon Property Group in the second quarter valued at $27,000. Fulcrum Asset Management LLP acquired a new position in shares of Simon Property Group in the third quarter worth $27,000. Osbon Capital Management LLC acquired a new stake in shares of Simon Property Group during the 2nd quarter worth $32,000. Fiduciary Financial Advisors purchased a new position in Simon Property Group in the 2nd quarter valued at about $34,000. Finally, Dynamic Wealth Strategies LLC grew its position in shares of Simon Property Group by 195.8% during the first quarter. Dynamic Wealth Strategies LLC now owns 210 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 139 shares during the last quarter. 93.01% of the stock is owned by institutional investors.

About Simon Property Group

Simon Property Group is a real estate investment trust that owns, develops and manages shopping, dining and entertainment destinations. Its portfolio includes regional malls, premium outlet centers and mixed-use properties, which combine retail with other uses such as restaurants and entertainment.

The company’s properties are located primarily in the United States, with additional investments and operations in international markets, including Europe and Asia. Its business activities include leasing space to retailers and other tenants, operating properties and investing in redevelopment and expansion projects.

Simon Property Group was established in 1993, when it became a publicly traded company following a spin-off from Melvin Simon & Associates.