Pacer Advisors Inc. Sells 9,413 Shares of Simon Property Group, Inc. $SPG

Key Points

• Pacer Advisors cut its Simon Property Group stake by 36.7% in the first quarter, selling 9,413 shares and retaining 16,265 shares valued at approximately $3.03 million. Institutional investors collectively own 93.01% of SPG.
• Simon Property Group reported quarterly EPS of $1.48, exceeding estimates by $0.02, while revenue rose 19.3% year over year to $1.76 billion. The company guided for fiscal 2026 EPS of $13.10–$13.25.
• The REIT increased its quarterly dividend to $2.25 per share, or $9.00 annually, representing a 4.1% yield. Analysts’ consensus rating remains “Hold,” with an average price target of $216.14 versus the cited share price of $221.57.

Pacer Advisors Inc. cut its stake in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 36.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,265 shares of the real estate investment trust's stock after selling 9,413 shares during the quarter. Pacer Advisors Inc.'s holdings in Simon Property Group were worth $3,034,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. PFG Investments LLC boosted its position in Simon Property Group by 2.2% during the first quarter. PFG Investments LLC now owns 2,341 shares of the real estate investment trust's stock valued at $437,000 after purchasing an additional 50 shares in the last quarter. Great Valley Advisor Group Inc. raised its holdings in 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 worth $437,000 after purchasing an additional 52 shares in the last quarter. Veridan Wealth LLC raised its holdings in Simon Property Group by 1.2% in the fourth quarter. Veridan Wealth LLC now owns 4,563 shares of the real estate investment trust's stock worth $845,000 after purchasing an additional 53 shares in the last quarter. CYBER HORNET ETFs LLC lifted its position in shares of 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 valued at $173,000 after buying an additional 55 shares during the last quarter. Finally, Centaurus Financial Inc. lifted its position in shares of Simon Property Group by 5.4% during the first quarter. Centaurus Financial Inc. now owns 1,089 shares of the real estate investment trust's stock valued at $203,000 after buying an additional 56 shares during the last quarter. 93.01% of the stock is owned by institutional investors.

Simon Property Group Price Performance

Shares of NYSE SPG opened at $221.57 on Friday. Simon Property Group, Inc. has a fifty-two week low of $163.29 and a fifty-two week high of $238.50. The company has a market cap of $71.85 billion, a PE ratio of 15.40, a P/E/G ratio of 2.91 and a beta of 1.30. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.84 and a current ratio of 0.84. The business has a 50-day simple moving average of $220.44 and a two-hundred day simple moving average of $204.58.

Simon Property Group (NYSE:SPG - Get Free Report) last posted its quarterly earnings data on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.02. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.54 billion. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The company's revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.95 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. As a group, equities analysts expect that Simon Property Group, Inc. will post 13.21 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Tuesday, June 9th. This is a positive change from Simon Property Group's previous quarterly dividend of $2.20. Simon Property Group's dividend payout ratio (DPR) is currently 62.54%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SPG. Bank of America lifted their price objective 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. Deutsche Bank Aktiengesellschaft cut shares of 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. Weiss Ratings upgraded shares of Simon Property Group from a "buy (b)" rating to a "buy (b+)" rating in a research note on Tuesday, July 14th. Morgan Stanley lifted their price target on shares of Simon Property Group from $205.00 to $207.00 and gave the stock an "equal weight" rating in a report on Tuesday, June 9th. Finally, Truist Financial upped their price target on Simon Property Group from $196.00 to $215.00 and gave the stock a "hold" rating in a research report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $216.14.

Insiders Place Their Bets

In other news, Director Glyn Aeppel bought 243 shares of the business's stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average cost of $223.36 per share, with a total value of $54,276.48. Following the transaction, the director directly owned 21,067 shares in the company, valued at approximately $4,705,525.12. The trade was a 1.17% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Daniel C. Smith bought 372 shares of the business's stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average cost of $223.31 per share, for a total transaction of $83,071.32. Following the completion of the transaction, the director owned 34,480 shares in the company, valued at $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. In the last quarter, insiders have bought 2,387 shares of company stock valued at $533,056. Corporate 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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