6,057 Simon Property Group, Inc. $SPG Shares Sold by Crossmark Global Holdings Inc.

Key Points

• Crossmark Global Holdings cut its Simon Property Group stake by 20.7% in the third quarter, selling 6,057 shares and retaining 23,242 shares valued at approximately $4.7 million. Institutional investors collectively own 93.01% of SPG.
• Simon Property Group reported quarterly revenue of $1.79 billion, up 19.5% year over year, but its $1.49 EPS missed analysts’ estimate of $1.64. The company pays a quarterly dividend of $2.25 per share, equivalent to a 4.2% yield.
• Analyst sentiment remains mixed, with one Strong Buy, four Buy and thirteen Hold ratings, producing a consensus “Hold” rating and an average price target of $224.07 versus the reported share price of $211.85.

Crossmark Global Holdings Inc. decreased its holdings in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 20.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,242 shares of the real estate investment trust's stock after selling 6,057 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Simon Property Group were worth $4,666,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in SPG. Ancora Advisors LLC bought a new stake in Simon Property Group during the 2nd quarter valued at approximately $27,000. Osbon Capital Management LLC purchased a new position in shares of Simon Property Group during the 2nd quarter worth approximately $32,000. Fiduciary Financial Advisors bought a new position in shares of Simon Property Group in the 2nd quarter worth approximately $34,000. Dynamic Wealth Strategies LLC raised its position in shares of Simon Property Group by 195.8% in the 1st 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 in the last quarter. Finally, N.E.W. Advisory Services LLC raised its position in shares of Simon Property Group by 335.0% in the 2nd quarter. N.E.W. Advisory Services LLC now owns 174 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 134 shares in the last quarter. Institutional investors own 93.01% of the company's stock.

Simon Property Group Stock Down 0.1%

SPG opened at $211.85 on Friday. The firm's 50 day simple moving average is $207.72 and its two-hundred day simple moving average is $211.24. The company has a market capitalization of $68.54 billion, a PE ratio of 14.94, a PEG ratio of 3.27 and a beta of 1.30. Simon Property Group, Inc. has a 1-year low of $172.19 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 - Get Free Report) last issued its quarterly earnings data 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). 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 net margin of 66.56% and a return on equity of 89.32%. 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 EPS. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. As a group, equities analysts forecast that Simon Property Group, Inc. will post 13.24 EPS for the current year.

Simon Property Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Wednesday, September 9th. Simon Property Group's dividend payout ratio (DPR) is presently 63.47%.

Insider Activity

In other Simon Property Group news, Director Reuben Leibowitz purchased 480 shares of the business's stock in a transaction on Wednesday, September 30th. The stock was acquired at an average price of $202.78 per share, for a total transaction of $97,334.40. Following the purchase, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stefan Selig purchased 208 shares of the business's stock in a transaction on Wednesday, September 30th. The stock was acquired at an average price of $202.78 per share, with a total value of $42,178.24. Following the purchase, the director directly owned 34,020 shares in the company, valued at $6,898,575.60. This represents a 0.62% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders purchased 1,668 shares of company stock worth $338,237. 8.73% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

SPG has been the subject of a number of research analyst reports. Piper Sandler lowered their target price on Simon Property Group from $285.00 to $254.00 and set an "overweight" rating for the company in a research note on Monday, October 12th. 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. Mizuho increased their price objective on Simon Property Group from $211.00 to $226.00 and gave the stock a "neutral" rating in a report on Thursday, August 27th. Deutsche Bank Aktiengesellschaft lowered Simon Property Group from a "buy" rating to a "hold" rating and set a $220.00 price objective for the company. in a research report on Thursday, July 9th. Finally, Bank of America boosted their target price on shares of Simon Property Group from $225.00 to $236.00 and gave the company a "buy" rating in a report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat.com, Simon Property Group presently has a consensus rating of "Hold" and a consensus price target of $224.07.

About Simon Property Group

Simon Property Group, Inc is a self-administered and self-managed real estate investment trust that owns, develops, and operates premier shopping, dining, entertainment, and mixed-use destinations. Its portfolio includes regional malls, premium outlet centers, and other retail properties designed to serve both local shoppers and visitors.

The company's properties feature a broad mix of retailers, restaurants, entertainment venues, and experiential offerings. Simon also provides property management, leasing, development, redevelopment, and marketing services associated with its real estate portfolio.

Simon Property Group was formed in 1993 through the combination of the retail real estate interests of the Simon and DeBartolo families.

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