Van ECK Associates Corp Cuts Holdings in Simon Property Group, Inc. $SPG

Van ECK Associates Corp trimmed its position in Simon Property Group, Inc. (NYSE:SPG) by 1.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 204,842 shares of the real estate investment trust’s stock after selling 3,519 shares during the period. Van ECK Associates Corp’s holdings in Simon Property Group were worth $45,813,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in shares of Simon Property Group during the fourth quarter valued at approximately $295,000. Marshall Wace LLP boosted its position in Simon Property Group by 316.2% in the second quarter. Marshall Wace LLP now owns 19,787 shares of the real estate investment trust’s stock worth $3,181,000 after purchasing an additional 15,033 shares during the last quarter. Jump Financial LLC grew its stake in Simon Property Group by 80.1% in the 2nd quarter. Jump Financial LLC now owns 16,881 shares of the real estate investment trust’s stock valued at $2,714,000 after purchasing an additional 7,506 shares during the period. Cerity Partners LLC grew its stake in Simon Property Group by 1.7% in the 2nd quarter. Cerity Partners LLC now owns 35,740 shares of the real estate investment trust’s stock valued at $5,745,000 after purchasing an additional 598 shares during the period. Finally, NewEdge Advisors LLC increased its position in shares of Simon Property Group by 13.4% during the 2nd quarter. NewEdge Advisors LLC now owns 28,444 shares of the real estate investment trust’s stock valued at $4,573,000 after purchasing an additional 3,372 shares during the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. LADENBURG THALM/SH SH lifted their target price on Simon Property Group from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Citigroup raised their price objective on shares of Simon Property Group from $205.00 to $230.00 and gave the stock a “neutral” rating in a report on Monday, August 17th. Scotiabank lifted their price objective on shares of Simon Property Group from $220.00 to $222.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 20th. Deutsche Bank Aktiengesellschaft cut shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 target price on the stock. in a research note on Thursday, July 9th. Finally, Stifel Nicolaus increased their target price on shares of Simon Property Group from $194.00 to $209.00 and gave the company a “hold” rating in a research report on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $225.27.

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 dated Tuesday, June 30th. The shares were bought at an average price of $223.34 per share, with a total value of $57,175.04. Following the completion of the transaction, the director directly owned 21,016 shares in the company, valued at approximately $4,693,713.44. This trade represents a 1.23% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Glyn Aeppel purchased 243 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average price of $223.36 per share, for a total transaction of $54,276.48. Following the completion of the purchase, the director directly owned 21,067 shares in the company, valued at $4,705,525.12. This represents a 1.17% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have bought 2,387 shares of company stock valued at $533,056. 8.73% of the stock is currently owned by insiders.

Simon Property Group Stock Down 0.1%

Shares of NYSE SPG opened at $214.65 on Friday. Simon Property Group, Inc. has a one year low of $172.19 and a one year high of $238.50. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.05 and a quick ratio of 1.05. The business’s fifty day moving average price is $223.52 and its 200-day moving average price is $207.92. The stock has a market capitalization of $69.45 billion, a PE ratio of 15.14, a P/E/G ratio of 2.67 and a beta of 1.30.

Simon Property Group (NYSE:SPG) last posted its quarterly 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). Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the company posted $1.70 EPS. The firm’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, equities research analysts anticipate 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. 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 4.2%. The ex-dividend date is Wednesday, September 9th. Simon Property Group’s dividend payout ratio (DPR) is currently 63.47%.

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.