Callan Family Office LLC Purchases New Stake in Simon Property Group, Inc. $SPG

Callan Family Office LLC acquired a new position in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 11,434 shares of the real estate investment trust's stock, valued at approximately $2,557,000.

Several other large investors also recently made changes to their positions in the business. Stance Capital LLC acquired a new stake in Simon Property Group in the 3rd quarter valued at $26,000. Wilkerson Advisory Group LLC acquired a new position in shares of Simon Property Group during the fourth quarter worth about $29,000. SHP Wealth Management purchased a new stake in shares of Simon Property Group in the fourth quarter worth about $34,000. Dynamic Wealth Strategies LLC grew its stake in shares of Simon Property Group by 195.8% in the first quarter. Dynamic Wealth Strategies LLC now owns 210 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 139 shares in the last quarter. Finally, N.E.W. Advisory Services LLC raised its holdings in shares of Simon Property Group by 335.0% during the 2nd quarter. N.E.W. Advisory Services LLC now owns 174 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 134 shares during the period. Institutional investors and hedge funds own 93.01% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on SPG. Evercore set a $215.00 price target on Simon Property Group in a research report on Tuesday, July 7th. Citigroup increased their price objective on shares of Simon Property Group from $205.00 to $230.00 and gave the company a "neutral" rating in a research report on Monday, August 17th. UBS Group lifted their price objective on shares of Simon Property Group from $199.00 to $222.00 and gave the company a "neutral" rating in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft cut shares of Simon Property Group from a "buy" rating to a "hold" rating and set a $220.00 target price on the stock. in a research report on Thursday, July 9th. Finally, Truist Financial raised their price target on shares of Simon Property Group from $196.00 to $215.00 and gave the company a "hold" rating in a report on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $223.00.

Insiders Place Their Bets

In other news, Director Gary M. Rodkin acquired 256 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average cost of $223.34 per share, with a total value of $57,175.04. Following the completion of the acquisition, the director directly owned 21,016 shares in the company, valued at $4,693,713.44. This represents a 1.23% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Reuben S. Leibowitz bought 508 shares of Simon Property Group stock in a transaction on Tuesday, June 30th. The shares were purchased at an average cost of $223.38 per share, for a total transaction of $113,477.04. Following the acquisition, the director owned 55,797 shares in the company, valued at $12,463,933.86. The trade was a 0.92% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders acquired 2,387 shares of company stock valued at $533,056. 8.73% of the stock is owned by company insiders.

Simon Property Group Stock Performance

Shares of SPG opened at $218.52 on Friday. The business's 50 day moving average is $223.06 and its two-hundred day moving average is $207.13. Simon Property Group, Inc. has a 52-week low of $172.19 and a 52-week high of $238.50. The firm has a market cap of $70.70 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 2.72 and a beta of 1.30. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.19.

Simon Property Group (NYSE:SPG - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.64 by ($0.15). The company had revenue of $1.79 billion for 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%.The firm's quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.70 EPS. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Analysts forecast that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal year.

Simon Property Group Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 4.1%. Simon Property Group's dividend payout ratio (DPR) is presently 63.47%.

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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