Simon Property Group, Inc. $SPG Shares Bought by Capital Advisors Inc. OK

Key Points

• Capital Advisors Inc. OK has increased its stake in Simon Property Group, Inc. (NYSE:SPG) by 0.5%, owning a total of 393,756 shares valued at approximately $63.3 million.
• Simon Property Group reported a 12.9% year-over-year increase in revenue, reaching $1.5 billion for the quarter, and earnings per share of $3.05, slightly above analyst expectations.
• The company has announced a quarterly dividend increase to $2.15 per share, reflecting a distribution yield of 4.6% annualized.

Capital Advisors Inc. OK raised its position in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 0.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 393,756 shares of the real estate investment trust's stock after acquiring an additional 2,064 shares during the quarter. Simon Property Group accounts for about 1.1% of Capital Advisors Inc. OK's investment portfolio, making the stock its 26th largest holding. Capital Advisors Inc. OK owned approximately 0.12% of Simon Property Group worth $63,300,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SPG. Vanguard Group Inc. grew its position in shares of Simon Property Group by 0.6% during 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 buying an additional 267,503 shares in the last quarter. Northern Trust Corp grew its position in shares of Simon Property Group by 1.8% during 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 buying an additional 96,126 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Simon Property Group by 3.0% during 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 buying an additional 141,657 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Simon Property Group during the first quarter worth approximately $724,937,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Simon Property Group by 0.7% during 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 buying an additional 23,873 shares in the last quarter. Institutional investors and hedge funds own 93.01% of the company's stock.

Simon Property Group Stock Performance

Shares of SPG opened at $185.58 on Monday. The business's fifty day moving average price is $176.78 and its 200 day moving average price is $165.51. Simon Property Group, Inc. has a 12-month low of $136.34 and a 12-month high of $190.13. The stock has a market capitalization of $60.59 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 11.22 and a beta of 1.50. The company has a debt-to-equity ratio of 9.05, a current ratio of 1.23 and a quick ratio of 1.23.

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

Simon Property Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 9th were paid a $2.15 dividend. The ex-dividend date was Tuesday, September 9th. This is a positive change from Simon Property Group's previous quarterly dividend of $2.10. This represents a $8.60 dividend on an annualized basis and a yield of 4.6%. Simon Property Group's dividend payout ratio (DPR) is 132.92%.

Analyst Ratings Changes

A number of analysts have recently weighed in on SPG shares. LADENBURG THALM/SH SH started coverage on shares of Simon Property Group in a research report on Friday, July 18th. They set a "buy" rating and a $225.00 price target for the company. Weiss Ratings reissued a "buy (b-)" rating on shares of Simon Property Group in a research report on Saturday, September 27th. Morgan Stanley raised their price objective on Simon Property Group from $170.00 to $180.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 11th. Barclays began coverage on Simon Property Group in a research note on Wednesday, July 2nd. They set an "equal weight" rating and a $170.00 price objective on the stock. Finally, Evercore ISI restated an "in-line" rating and set a $187.00 price objective (up from $183.00) on shares of Simon Property Group in a research note on Monday, September 15th. Five research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $186.46.

Insider Buying and Selling

In related news, Director Daniel C. Smith bought 335 shares of the business's stock in a transaction on Tuesday, September 30th. The shares were bought at an average cost of $185.95 per share, for a total transaction of $62,293.25. Following the completion of the purchase, the director owned 32,333 shares of the company's stock, valued at $6,012,321.35. This represents a 1.05% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Larry C. Glasscock bought 351 shares of the business's stock in a transaction on Tuesday, September 30th. The stock was bought at an average price of $185.95 per share, for a total transaction of $65,268.45. Following the completion of the purchase, the director directly owned 43,536 shares of the company's stock, valued at $8,095,519.20. The trade was a 0.81% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 2,163 shares of company stock valued at $401,605 in the last three months. 8.60% of the stock is owned by corporate insiders.

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.

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