Simon Property Group, Inc. $SPG Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its position in Simon Property Group, Inc. (NYSE:SPG) by 0.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,513,071 shares of the real estate investment trust’s stock after selling 4,048 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.47% of Simon Property Group worth $282,233,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SPG. Stance Capital LLC acquired a new position in shares of Simon Property Group during the third quarter worth approximately $26,000. Wilkerson Advisory Group LLC bought a new position in Simon Property Group in the 4th quarter worth approximately $29,000. SHP Wealth Management acquired a new stake in Simon Property Group in the 4th quarter valued at approximately $34,000. Tompkins Financial Corp acquired a new stake in Simon Property Group in the 4th quarter valued at approximately $42,000. Finally, Cullen Frost Bankers Inc. raised its stake in Simon Property Group by 79.3% during the 4th quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 111 shares in the last quarter. Institutional investors own 93.01% of the company’s stock.

Insider Buying and Selling at Simon Property Group

In related news, Director Marta R. Stewart purchased 182 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average cost of $223.16 per share, for a total transaction of $40,615.12. Following the completion of the acquisition, the director owned 18,000 shares in the company, valued at $4,016,880. This trade represents a 1.02% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gary M. Rodkin bought 256 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was bought at an average price of $223.34 per share, with a total value of $57,175.04. Following the transaction, the director owned 21,016 shares in the company, valued at approximately $4,693,713.44. This represents a 1.23% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 2,387 shares of company stock valued at $533,056 in the last 90 days. Corporate insiders own 8.73% of the company’s stock.

Wall Street Analysts Forecast Growth

SPG has been the subject of a number of analyst reports. Morgan Stanley boosted their price target on 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. Wolfe Research lowered Simon Property Group from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 30th. Weiss Ratings cut shares of Simon Property Group from a “buy (a-)” rating to a “buy (b)” rating in a research note on Monday, June 29th. Citigroup upped their price objective on shares of Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Finally, Jefferies Financial Group upgraded shares of Simon Property Group to a “strong-buy” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Simon Property Group presently has an average rating of “Hold” and an average price target of $211.93.

Simon Property Group Price Performance

Shares of NYSE:SPG opened at $219.53 on Thursday. The stock has a market cap of $71.19 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 4.11 and a beta of 1.29. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84. Simon Property Group, Inc. has a 12 month low of $159.33 and a 12 month high of $229.59. The stock’s 50 day moving average price is $210.62 and its 200 day moving average price is $198.50.

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

Simon Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Tuesday, June 9th. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 annualized dividend and a yield of 4.1%. Simon Property Group’s payout ratio is presently 62.54%.

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.