Van ECK Associates Corp Sells 3,519 Shares of Simon Property Group, Inc. $SPG

Van ECK Associates Corp cut its holdings in Simon Property Group, Inc. (NYSE:SPG) by 1.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 204,842 shares of the real estate investment trust’s stock after selling 3,519 shares during the quarter. Van ECK Associates Corp owned 0.06% of Simon Property Group worth $45,813,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SPG. Ancora Advisors LLC acquired a new position in shares of Simon Property Group during the 2nd quarter valued at $27,000. Stance Capital LLC acquired a new stake in Simon Property Group in the third quarter worth $26,000. Osbon Capital Management LLC acquired a new stake in Simon Property Group in the second quarter worth $32,000. Fiduciary Financial Advisors bought a new stake in Simon Property Group in the second quarter valued at $34,000. Finally, Wilkerson Advisory Group LLC bought a new stake in Simon Property Group in the fourth quarter valued at $29,000. 93.01% of the stock is currently owned by institutional investors.

Simon Property Group Stock Down 0.1%

Simon Property Group stock opened at $214.65 on Friday. Simon Property Group, Inc. has a 1-year low of $172.19 and a 1-year high of $238.50. The firm has a market capitalization of $69.45 billion, a price-to-earnings ratio of 15.14, a price-to-earnings-growth ratio of 2.67 and a beta of 1.30. The firm’s fifty day moving average price is $223.52 and its two-hundred day moving average price is $207.92. 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 posted its earnings results on Monday, August 10th. The real estate investment trust reported $1.49 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.15). The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 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 19.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.70 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. On average, equities research analysts predict that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be paid a dividend of $2.25 per share. The ex-dividend date is Wednesday, September 9th. This represents a $9.00 dividend on an annualized basis and a yield of 4.2%. Simon Property Group’s payout ratio is 63.47%.

Insider Activity

In related news, Director Daniel C. Smith bought 372 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were bought at an average price of $223.31 per share, for a total transaction of $83,071.32. Following the completion of the acquisition, the director directly owned 34,480 shares of the company’s stock, valued at $7,699,728.80. This trade represents a 1.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gary M. Rodkin bought 256 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was bought at an average price of $223.34 per share, for a total transaction 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 represents a 1.23% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders purchased 2,387 shares of company stock worth $533,056. Company insiders own 8.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SPG. Jefferies Financial Group raised shares of Simon Property Group to a “strong-buy” rating in a research report on Friday, June 26th. Weiss Ratings raised Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, August 12th. Piper Sandler upped their price target on Simon Property Group from $230.00 to $285.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Citigroup upped their price target on Simon Property Group from $205.00 to $230.00 and gave the stock a “neutral” rating in a research note on Monday, August 17th. Finally, Wolfe Research cut Simon Property Group from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 30th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $225.27.

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.