Sanctuary Advisors LLC Takes $7.77 Million Position in Simon Property Group, Inc. $SPG

Sanctuary Advisors LLC bought a new position in Simon Property Group, Inc. (NYSE:SPG - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 34,761 shares of the real estate investment trust's stock, valued at approximately $7,774,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC bought a new position in shares of Simon Property Group during the 4th quarter valued at about $295,000. Marshall Wace LLP increased its holdings in shares of Simon Property Group by 316.2% in the second quarter. Marshall Wace LLP now owns 19,787 shares of the real estate investment trust's stock worth $3,181,000 after purchasing an additional 15,033 shares during the last quarter. Jump Financial LLC increased its holdings in shares of Simon Property Group by 80.1% in the second quarter. Jump Financial LLC now owns 16,881 shares of the real estate investment trust's stock worth $2,714,000 after purchasing an additional 7,506 shares during the last quarter. Cerity Partners LLC lifted its position in shares of Simon Property Group by 1.7% in the second quarter. Cerity Partners LLC now owns 35,740 shares of the real estate investment trust's stock worth $5,745,000 after buying an additional 598 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Simon Property Group by 13.4% in the second quarter. NewEdge Advisors LLC now owns 28,444 shares of the real estate investment trust's stock worth $4,573,000 after buying an additional 3,372 shares in the last quarter. Institutional investors own 93.01% of the company's stock.

Analyst Ratings Changes

SPG has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price target on Simon Property Group from $210.00 to $217.00 and gave the company a "neutral" rating in a report on Monday, June 1st. Jefferies Financial Group raised Simon Property Group to a "strong-buy" rating in a report on Friday, June 26th. Morgan Stanley increased their target price on 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. Deutsche Bank Aktiengesellschaft lowered 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 report on Thursday, July 9th. Finally, UBS Group boosted their price target on shares of Simon Property Group from $199.00 to $222.00 and gave the stock a "neutral" rating in a research report on Thursday, July 9th. Two equities 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $223.00.

Simon Property Group Price Performance

NYSE:SPG opened at $220.66 on Tuesday. The firm has a market capitalization of $71.40 billion, a price-to-earnings ratio of 15.56, a PEG ratio of 2.72 and a beta of 1.30. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.05 and a quick ratio of 1.05. The business has a 50 day simple moving average of $223.18 and a 200-day simple moving average of $207.46. Simon Property Group, Inc. has a 1 year low of $172.19 and a 1 year high of $238.50.

Simon Property Group (NYSE:SPG - Get Free Report) last released its earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.15). Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the firm posted $1.70 EPS. The business's revenue for the quarter was up 19.5% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Equities analysts forecast that Simon Property Group, Inc. will post 13.2 EPS for the current year.

Simon Property Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th will be paid a $2.25 dividend. 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 is currently 63.47%.

Insider Transactions at Simon Property Group

In other news, Director Gary M. Rodkin acquired 256 shares of Simon Property Group stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average cost of $223.34 per share, with a total value of $57,175.04. Following the transaction, the director directly owned 21,016 shares of the company's stock, valued at $4,693,713.44. This trade represents a 1.23% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Daniel C. Smith acquired 372 shares of the firm's stock in a transaction on Tuesday, June 30th. The stock was purchased at an average cost of $223.31 per share, with a total value of $83,071.32. Following the purchase, the director owned 34,480 shares of the company's stock, valued at $7,699,728.80. The trade was a 1.09% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have purchased 2,387 shares of company stock worth $533,056. 8.73% of the stock is currently owned by insiders.

Simon Property Group 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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