Simon Property Group, Inc. $SPG Shares Sold by Adelante Capital Management LLC

Adelante Capital Management LLC decreased its stake in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 7.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 417,092 shares of the real estate investment trust's stock after selling 32,241 shares during the period. Simon Property Group accounts for 6.1% of Adelante Capital Management LLC's portfolio, making the stock its 4th largest position. Adelante Capital Management LLC owned about 0.13% of Simon Property Group worth $93,282,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Corient Private Wealth LP lifted its holdings in shares of Simon Property Group by 74.0% during the 2nd quarter. Corient Private Wealth LP now owns 92,273 shares of the real estate investment trust's stock valued at $20,636,000 after acquiring an additional 39,245 shares in the last quarter. Ausdal Financial Partners Inc. increased its holdings in Simon Property Group by 6.4% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 1,379 shares of the real estate investment trust's stock valued at $308,000 after purchasing an additional 83 shares in the last quarter. Magnolia Capital Advisors LLC purchased a new position in Simon Property Group in the second quarter valued at about $629,000. Caisse de depot et placement du Quebec acquired a new position in shares of Simon Property Group during the second quarter worth about $143,948,000. Finally, Gallagher Fiduciary Advisors LLC purchased a new stake in shares of Simon Property Group in the second quarter worth about $448,000. Hedge funds and other institutional investors own 93.01% of the company's stock.

Simon Property Group Stock Down 0.9%

SPG stock opened at $217.12 on Thursday. The stock has a market cap of $70.25 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 2.73 and a beta of 1.30. The firm's 50-day simple moving average is $223.39 and its 200 day simple moving average is $207.76. 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 quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.19.

Simon Property Group (NYSE:SPG - Get Free Report) last announced 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). The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The firm's revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.70 EPS. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. As a group, sell-side analysts predict that Simon Property Group, Inc. will post 13.2 EPS for the current year.

Simon Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be given a $2.25 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.1%. Simon Property Group's dividend payout ratio (DPR) is 63.47%.

Analyst Ratings Changes

A number of equities analysts have weighed in on SPG shares. 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 report on Tuesday, June 23rd. Morgan Stanley boosted their target price on shares of Simon Property Group from $205.00 to $207.00 and gave the stock an "equal weight" rating in a research report on Tuesday, June 9th. Weiss Ratings raised shares of Simon Property Group from a "buy (b+)" rating to a "buy (a-)" rating in a report on Wednesday, August 12th. LADENBURG THALM/SH SH lifted their price target on shares of Simon Property Group from $250.00 to $275.00 and gave the stock a "buy" rating in a research note on Tuesday, August 11th. Finally, Evercore set a $215.00 price objective on shares of Simon Property Group in a research report on Tuesday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $223.00.

Insider Activity at Simon Property Group

In other news, Director Gary M. Rodkin purchased 256 shares of Simon Property Group stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average price of $223.34 per share, for a total transaction of $57,175.04. Following the transaction, the director owned 21,016 shares in the company, valued at $4,693,713.44. The trade was a 1.23% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Glyn Aeppel bought 243 shares of the firm's stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average cost of $223.36 per share, with a total value of $54,276.48. Following the transaction, the director owned 21,067 shares of the company's stock, valued at $4,705,525.12. This trade represents a 1.17% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders 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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