Jones Financial Companies Lllp Makes New Investment in Simon Property Group, Inc. $SPG

Key Points

• Jones Financial Companies initiated a position in Simon Property Group, purchasing 36,637 shares valued at approximately $8.2 million. Institutional investors and hedge funds collectively own 93.01% of SPG.
• Simon Property Group reported quarterly revenue of $1.79 billion, up 19.5% year over year and above estimates, though adjusted EPS of $1.49 missed the $1.64 consensus forecast. Analysts maintain a consensus “Hold” rating with an average price target of $223.
• The REIT declared a quarterly dividend of $2.25 per share, equivalent to $9.00 annually and a 4.1% yield; insiders have also purchased 2,387 shares worth roughly $533,000 over the past 90 days.

Jones Financial Companies Lllp bought a new position in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 36,637 shares of the real estate investment trust's stock, valued at approximately $8,194,000.

A number of other hedge funds have also modified their holdings of the business. PFG Investments LLC raised its holdings in Simon Property Group by 2.2% in the 1st quarter. PFG Investments LLC now owns 2,341 shares of the real estate investment trust's stock valued at $437,000 after acquiring an additional 50 shares during the last quarter. WPG Advisers LLC increased its holdings in shares of Simon Property Group by 40.3% in the second quarter. WPG Advisers LLC now owns 181 shares of the real estate investment trust's stock valued at $40,000 after purchasing an additional 52 shares during the last quarter. Great Valley Advisor Group Inc. increased its holdings in shares of Simon Property Group by 2.3% in the fourth quarter. Great Valley Advisor Group Inc. now owns 2,360 shares of the real estate investment trust's stock valued at $437,000 after purchasing an additional 52 shares during the last quarter. Veridan Wealth LLC boosted its stake in Simon Property Group by 1.2% during the fourth quarter. Veridan Wealth LLC now owns 4,563 shares of the real estate investment trust's stock worth $845,000 after buying an additional 53 shares during the last quarter. Finally, CYBER HORNET ETFs LLC boosted its stake in Simon Property Group by 6.2% during the fourth quarter. CYBER HORNET ETFs LLC now owns 936 shares of the real estate investment trust's stock worth $173,000 after buying an additional 55 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Simon Property Group Stock Performance

NYSE:SPG opened at $220.66 on Tuesday. Simon Property Group, Inc. has a fifty-two week low of $172.19 and a fifty-two week high of $238.50. The company has a debt-to-equity ratio of 5.19, a quick ratio of 1.05 and a current ratio of 1.05. The company has a 50 day moving average price of $223.18 and a 200 day moving average price of $207.46. The stock has a market capitalization of $71.40 billion, a P/E ratio of 15.56, a PEG ratio of 2.72 and a beta of 1.30.

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 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.61 billion. During the same quarter in the prior year, the business earned $1.70 earnings per share. The company's quarterly revenue was up 19.5% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Equities research analysts forecast that Simon Property Group, Inc. will post 13.2 EPS for the current year.

Simon Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, September 9th. Simon Property Group's dividend payout ratio is presently 63.47%.

Insider Activity at Simon Property Group

In other Simon Property Group news, Director Marta R. Stewart bought 182 shares of Simon Property Group stock in a transaction on Tuesday, June 30th. The shares were bought at an average cost of $223.16 per share, for a total transaction of $40,615.12. Following the acquisition, the director directly owned 18,000 shares in the company, valued at $4,016,880. This represents a 1.02% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Glyn Aeppel purchased 243 shares of the company's stock in a transaction on Tuesday, June 30th. The stock was acquired at an average price of $223.36 per share, with a total value of $54,276.48. Following the purchase, the director owned 21,067 shares of the company's stock, valued at approximately $4,705,525.12. This represents a 1.17% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 2,387 shares of company stock worth $533,056 over the last 90 days. 8.73% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Stifel Nicolaus raised their target price on Simon Property Group from $194.00 to $209.00 and gave the stock a "hold" rating in a research note on Tuesday, August 11th. Morgan Stanley boosted their price target on shares of Simon Property Group from $205.00 to $207.00 and gave the company an "equal weight" rating in a research report on Tuesday, June 9th. Piper Sandler raised their price objective on shares of Simon Property Group from $230.00 to $285.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 21st. Truist Financial lifted their target price on shares of Simon Property Group from $196.00 to $215.00 and gave the stock a "hold" rating in a research note on Tuesday, June 23rd. Finally, Barclays boosted their target price on shares of Simon Property Group from $213.00 to $215.00 and gave the company an "equal weight" rating in a report on Monday, August 17th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $223.00.

About Simon Property Group

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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