Strathmore Capital Advisors Inc. Takes $864,000 Position in Simon Property Group, Inc. $SPG

Strathmore Capital Advisors Inc. acquired a new position in shares of Simon Property Group, Inc. (NYSE:SPG) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 3,808 shares of the real estate investment trust’s stock, valued at approximately $864,000. Simon Property Group makes up approximately 0.2% of Strathmore Capital Advisors Inc.’s holdings, making the stock its 28th biggest position.

A number of other hedge funds have also modified their holdings of the company. Stance Capital LLC acquired a new position in Simon Property Group during the 3rd quarter worth approximately $26,000. Wilkerson Advisory Group LLC bought a new position in shares of Simon Property Group during the 4th quarter worth approximately $29,000. SHP Wealth Management acquired a new stake in shares of Simon Property Group in the fourth quarter valued at approximately $34,000. Dynamic Wealth Strategies LLC raised its holdings in shares of Simon Property Group by 195.8% in the first quarter. Dynamic Wealth Strategies LLC now owns 210 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 139 shares during the last quarter. Finally, N.E.W. Advisory Services LLC lifted its position in shares of Simon Property Group by 335.0% in the second quarter. N.E.W. Advisory Services LLC now owns 174 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 134 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors.

Simon Property Group Price Performance

Shares of SPG opened at $223.20 on Thursday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 5.19. The company’s fifty day simple moving average is $222.96 and its 200 day simple moving average is $206.84. Simon Property Group, Inc. has a 1-year low of $172.19 and a 1-year high of $238.50. The company has a market cap of $72.22 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 2.75 and a beta of 1.30.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.15). Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the prior year, the business earned $1.70 EPS. The business’s revenue was up 19.5% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Wednesday, September 9th. Simon Property Group’s payout ratio is 63.47%.

Insider Activity

In other Simon Property Group news, Director Daniel C. Smith acquired 372 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were purchased at an average price of $223.31 per share, for a total transaction of $83,071.32. Following the completion of the purchase, the director directly owned 34,480 shares of the company’s stock, valued at approximately $7,699,728.80. This represents a 1.09% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary M. Rodkin acquired 256 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average cost of $223.34 per share, with a total value of $57,175.04. Following the completion of the transaction, the director owned 21,016 shares of the company’s stock, valued at approximately $4,693,713.44. The trade was a 1.23% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have acquired 2,387 shares of company stock valued at $533,056. 8.73% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently commented on SPG. Barclays increased their target price on shares of Simon Property Group from $213.00 to $215.00 and gave the stock an “equal weight” rating in a report on Monday. Wolfe Research cut shares of Simon Property Group from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, June 30th. LADENBURG THALM/SH SH increased their price objective 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. Bank of America raised their price objective on Simon Property Group from $225.00 to $236.00 and gave the company a “buy” rating in a report on Monday, June 29th. Finally, UBS Group lifted their target price 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. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have assigned 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 $222.87.

About Simon Property Group

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.