4,674 Shares in Simon Property Group, Inc. $SPG Acquired by Trust Co. of Vermont

Trust Co. of Vermont bought a new stake in Simon Property Group, Inc. (NYSE:SPG - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,674 shares of the real estate investment trust's stock, valued at approximately $1,045,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Simon Property Group during the 4th quarter worth $1,112,111,000. Wellington Management Group LLP raised its holdings 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 in the last quarter. Bank of America Corp DE lifted its stake in shares of Simon Property Group by 6.1% in the 1st quarter. Bank of America Corp DE now owns 8,503,133 shares of the real estate investment trust's stock valued at $1,586,089,000 after purchasing an additional 491,519 shares during the last quarter. Cardano Risk Management B.V. acquired a new stake in shares of Simon Property Group in the 2nd quarter valued at $104,281,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Simon Property Group by 1,329.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 468,497 shares of the real estate investment trust's stock worth $86,723,000 after purchasing an additional 435,721 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Simon Property Group Stock Down 0.3%

SPG opened at $221.07 on Wednesday. The business has a 50 day moving average of $222.76 and a 200-day moving average of $206.61. The stock has a market capitalization of $71.53 billion, a price-to-earnings ratio of 15.59, a P/E/G ratio of 2.74 and a beta of 1.30. 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 1-year low of $172.09 and a 1-year high of $238.50.

Simon Property Group (NYSE:SPG - Get Free Report) last announced its earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.64 by ($0.15). Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.The company 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 firm posted $1.70 EPS. The company's revenue 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. As a group, sell-side analysts anticipate that Simon Property Group, Inc. will post 13.2 earnings per share for the current 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 of this dividend is Wednesday, September 9th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.1%. Simon Property Group's dividend payout ratio is currently 63.47%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SPG shares. Bank of America increased their target price on shares of Simon Property Group from $225.00 to $236.00 and gave the stock a "buy" rating in a research report on Monday, June 29th. Morgan Stanley upped their price target on Simon Property Group from $205.00 to $207.00 and gave the stock an "equal weight" rating in a research note on Tuesday, June 9th. Piper Sandler raised their price objective on Simon Property Group from $230.00 to $285.00 and gave the company an "overweight" rating in a research note on Tuesday, July 21st. LADENBURG THALM/SH SH boosted their target price on Simon Property Group from $250.00 to $275.00 and gave the stock a "buy" rating in a report on Tuesday, August 11th. Finally, Deutsche Bank Aktiengesellschaft cut Simon Property Group from a "buy" rating to a "hold" rating and set a $220.00 target price for the company. in a research report on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $222.87.

Insider Buying and Selling at Simon Property Group

In related news, Director Glyn Aeppel bought 243 shares of Simon Property Group stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average price of $223.36 per share, for a total transaction of $54,276.48. Following the completion of the purchase, the director owned 21,067 shares in the company, valued at approximately $4,705,525.12. This represents a 1.17% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel C. Smith purchased 372 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average price 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 of the company's stock, valued at approximately $7,699,728.80. This trade represents a 1.09% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 2,387 shares of company stock valued at $533,056 in the last three months. Company insiders own 8.73% of the company's stock.

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.

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