Simon Property Group, Inc. $SPG Shares Sold by TD Asset Management Inc

TD Asset Management Inc reduced its holdings in Simon Property Group, Inc. (NYSE:SPG) by 27.4% during the 2nd quarter, Holdings Channel reports. The fund owned 165,057 shares of the real estate investment trust’s stock after selling 62,358 shares during the period. TD Asset Management Inc’s holdings in Simon Property Group were worth $36,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Chilton Capital Management LLC raised its holdings in shares of Simon Property Group by 596.3% during the second quarter. Chilton Capital Management LLC now owns 46,999 shares of the real estate investment trust’s stock worth $10,511,000 after purchasing an additional 40,249 shares during the last quarter. BCGM Wealth Management LLC lifted its position in Simon Property Group by 4.7% during the second quarter. BCGM Wealth Management LLC now owns 11,889 shares of the real estate investment trust’s stock valued at $2,659,000 after purchasing an additional 535 shares during the period. Win Advisors Inc. purchased a new stake in Simon Property Group in the second quarter valued at $205,000. Symphony Financial Ltd. Co. purchased a new stake in Simon Property Group in the second quarter valued at $207,000. Finally, Ascent Group LLC boosted its holdings in Simon Property Group by 6.7% in the second quarter. Ascent Group LLC now owns 2,942 shares of the real estate investment trust’s stock valued at $658,000 after purchasing an additional 185 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Insider Transactions at Simon Property Group

In other Simon Property Group news, Director Gary M. Rodkin purchased 256 shares of the stock in a transaction on Tuesday, June 30th. The shares were bought at an average price of $223.34 per share, for a total transaction of $57,175.04. Following the completion of the transaction, the director 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Larry C. Glasscock acquired 397 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was acquired 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 owned 45,902 shares of the company’s stock, valued at $10,253,588.76. This trade represents a 0.87% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 2,387 shares of company stock worth $533,056 over the last quarter. Company insiders own 8.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SPG shares. Deutsche Bank Aktiengesellschaft lowered Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price objective for the company. in a research note on Thursday, July 9th. Stifel Nicolaus upped their target price on Simon Property Group from $194.00 to $209.00 and gave the stock a “hold” rating in a research note on Tuesday. LADENBURG THALM/SH SH raised their target price on Simon Property Group from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Tuesday. UBS Group lifted their price target on Simon Property Group from $199.00 to $222.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Finally, Evercore set a $215.00 price target on Simon Property Group in a report on Tuesday, July 7th. Two analysts have 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, the company has a consensus rating of “Hold” and a consensus price target of $221.07.

Simon Property Group Stock Down 1.0%

SPG stock opened at $219.34 on Friday. The firm has a market cap of $71.13 billion, a PE ratio of 15.47, a P/E/G ratio of 2.86 and a beta of 1.30. The company has a debt-to-equity ratio of 5.19, a quick ratio of 0.84 and a current ratio of 1.05. The firm’s fifty day moving average is $222.30 and its 200 day moving average is $205.94. Simon Property Group, Inc. has a one year low of $171.22 and a one year high of $238.50.

Simon Property Group (NYSE:SPG) last released its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.15). The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.70 EPS. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. On average, research analysts forecast that Simon Property Group, Inc. will post 13.2 EPS for the current year.

Simon Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th will be given a dividend of $2.25 per share. 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%.

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.