Vertrix Wealth Management LLC Acquires New Position in Simon Property Group, Inc. $SPG

Vertrix Wealth Management LLC acquired a new stake in Simon Property Group, Inc. (NYSE:SPG) in the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 23,335 shares of the real estate investment trust’s stock, valued at approximately $4,353,000. Simon Property Group makes up 1.6% of Vertrix Wealth Management LLC’s holdings, making the stock its 23rd largest position.

A number of other hedge funds have also added to or reduced their stakes in SPG. Stance Capital LLC purchased a new position in shares of Simon Property Group during the third quarter worth approximately $26,000. Wilkerson Advisory Group LLC purchased a new stake in shares of Simon Property Group in the fourth quarter valued at approximately $29,000. SHP Wealth Management purchased a new stake in shares of Simon Property Group in the fourth quarter valued at approximately $34,000. Tompkins Financial Corp bought a new position in Simon Property Group in the fourth quarter worth approximately $42,000. Finally, MV Capital Management Inc. bought a new position in Simon Property Group in the fourth quarter worth approximately $46,000. 93.01% of the stock is currently owned by institutional investors.

Simon Property Group Stock Down 0.3%

Shares of NYSE SPG opened at $222.88 on Thursday. Simon Property Group, Inc. has a 12-month low of $159.33 and a 12-month high of $228.57. The stock’s fifty day simple moving average is $208.41 and its two-hundred day simple moving average is $197.06. The stock has a market capitalization of $72.28 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 4.04 and a beta of 1.29. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68.

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

Simon Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Tuesday, June 9th. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s payout ratio is presently 62.54%.

Analysts Set New Price Targets

SPG has been the subject of a number of research analyst reports. Barclays lifted their target price on Simon Property Group from $212.00 to $213.00 and gave the company an “equal weight” rating in a research report on Thursday, June 25th. Truist Financial lifted their price objective on Simon Property Group from $196.00 to $215.00 and gave the company a “hold” rating in a report on Tuesday, June 23rd. Stifel Nicolaus lifted their price objective on Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a report on Tuesday, May 12th. Evercore set a $208.00 price objective on shares of Simon Property Group in a research note on Monday, June 8th. Finally, Citigroup raised their target price on shares of Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $211.47.

Insider Activity

In other news, Director Gary M. Rodkin bought 256 shares of the stock in a transaction on Tuesday, June 30th. The stock was bought at an average cost of $223.34 per share, for a total transaction of $57,175.04. Following the completion of the purchase, the director directly owned 21,016 shares in the company, valued at approximately $4,693,713.44. The trade was a 1.23% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Larry C. Glasscock purchased 397 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was purchased at an average cost of $223.38 per share, for a total transaction of $88,681.86. Following the completion of the acquisition, the director directly owned 45,902 shares of the company’s stock, valued at approximately $10,253,588.76. The trade was a 0.87% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 2,387 shares of company stock worth $533,056 over the last 90 days. 8.73% of the stock is currently owned by insiders.

More Simon Property Group News

Here are the key news stories impacting Simon Property Group this week:

• Positive Sentiment: Barclays raised its price target on Simon Property Group ahead of second-quarter earnings, signaling a more favorable view of the REIT’s near-term fundamentals and dividend appeal. Barclays Raises Simon Property Group (SPG) Price Target as Part of Q2 Earnings Preview
• Positive Sentiment: Multiple Simon Property Group directors bought shares on June 30, including several meaningful insider purchases, which can be read as a sign of confidence in the stock and the company’s valuation. SEC filing for director purchase
• Positive Sentiment: Simon announced it will report second-quarter 2026 results after the market close on August 10, setting up the next major catalyst for SPG shares. Simon Announces Date For Its Second Quarter 2026 Earnings Release And Conference Call
• Neutral Sentiment: Analysts have been mixed on Simon Property Group versus other REITs, so the latest commentary adds attention to the name but does not clearly change the investment case by itself. Analysts Have Conflicting Sentiments on These Real Estate Companies: Simon Property (SPG) and EPR Properties (EPR)

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.