Marshall Financial Group LLC Invests $906,000 in Simon Property Group, Inc. $SPG

Key Points

• Marshall Financial Group LLC has acquired 5,489 shares of Simon Property Group, Inc. during the 2nd quarter, valued at approximately $906,000.
• The latest analyst ratings show Simon Property Group has a consensus target price of $186.46, with four analysts rating it as a Buy and nine as a Hold.
• Simon Property Group has increased its quarterly dividend from $2.10 to $2.15 per share, yielding 4.8% annually.

Marshall Financial Group LLC bought a new stake in Simon Property Group, Inc. (NYSE:SPG - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,489 shares of the real estate investment trust's stock, valued at approximately $906,000.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Simon Property Group by 0.6% in the first quarter. Vanguard Group Inc. now owns 45,689,998 shares of the real estate investment trust's stock worth $7,588,195,000 after purchasing an additional 267,503 shares during the last quarter. Northern Trust Corp grew its stake in shares of Simon Property Group by 1.8% in the first quarter. Northern Trust Corp now owns 5,558,982 shares of the real estate investment trust's stock worth $923,236,000 after purchasing an additional 96,126 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Simon Property Group by 3.0% in the first quarter. JPMorgan Chase & Co. now owns 4,852,195 shares of the real estate investment trust's stock worth $805,853,000 after purchasing an additional 141,657 shares during the last quarter. Nuveen LLC bought a new stake in shares of Simon Property Group in the first quarter worth $724,937,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Simon Property Group by 0.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,661,402 shares of the real estate investment trust's stock worth $608,086,000 after purchasing an additional 23,873 shares during the last quarter. Institutional investors own 93.01% of the company's stock.

Insider Transactions at Simon Property Group

In related news, Director Glyn Aeppel purchased 234 shares of the firm's stock in a transaction on Monday, June 30th. The stock was purchased at an average cost of $159.29 per share, with a total value of $37,273.86. Following the completion of the purchase, the director owned 19,057 shares in the company, valued at approximately $3,035,589.53. This trade represents a 1.24% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Larry C. Glasscock purchased 396 shares of the firm's stock in a transaction on Monday, June 30th. The stock was bought at an average cost of $159.29 per share, with a total value of $63,078.84. Following the completion of the purchase, the director owned 43,185 shares of the company's stock, valued at approximately $6,878,938.65. This represents a 0.93% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 2,428 shares of company stock valued at $387,271. 8.60% of the stock is owned by insiders.

Simon Property Group Trading Up 0.3%

SPG stock traded up $0.53 during midday trading on Monday, hitting $181.25. The stock had a trading volume of 1,401,293 shares, compared to its average volume of 2,005,600. The firm has a market cap of $59.18 billion, a P/E ratio of 28.01, a price-to-earnings-growth ratio of 10.94 and a beta of 1.50. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 9.05. Simon Property Group, Inc. has a 1-year low of $136.34 and a 1-year high of $190.13. The business has a fifty day moving average price of $172.94 and a two-hundred day moving average price of $164.18.

Simon Property Group (NYSE:SPG - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $3.05 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.01. Simon Property Group had a net margin of 36.78% and a return on equity of 72.38%. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the firm posted $2.90 earnings per share. The business's revenue was up 13.9% compared to the same quarter last year. Simon Property Group has set its FY 2025 guidance at 12.450-12.650 EPS. On average, sell-side analysts predict that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 9th will be paid a $2.15 dividend. This represents a $8.60 annualized dividend and a yield of 4.7%. This is an increase from Simon Property Group's previous quarterly dividend of $2.10. The ex-dividend date of this dividend is Tuesday, September 9th. Simon Property Group's payout ratio is presently 132.92%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SPG. LADENBURG THALM/SH SH began coverage on shares of Simon Property Group in a research note on Friday, July 18th. They issued a "buy" rating and a $225.00 price objective on the stock. Evercore ISI reissued an "in-line" rating and issued a $187.00 price objective (up previously from $183.00) on shares of Simon Property Group in a research note on Monday, September 15th. Stifel Nicolaus cut shares of Simon Property Group from a "buy" rating to a "hold" rating and set a $179.00 price objective on the stock. in a research note on Tuesday, September 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Simon Property Group from $180.00 to $184.00 and gave the stock a "neutral" rating in a research note on Friday, August 22nd. Finally, Mizuho dropped their target price on shares of Simon Property Group from $182.00 to $169.00 and set a "neutral" rating on the stock in a report on Tuesday, June 10th. Four analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Simon Property Group presently has a consensus rating of "Hold" and a consensus target price of $186.46.

Simon Property Group Company Profile

Simon Property Group, Inc NYSE: SPG is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc, the Operating Partnership, and its subsidiaries.