Simon Property Group, Inc. $SPG Stock: Inspire Investing LLC Boosts Position

Inspire Investing LLC grew its holdings in Simon Property Group, Inc. (NYSE:SPG) by 10.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,648 shares of the real estate investment trust’s stock after purchasing an additional 5,829 shares during the period. Inspire Investing LLC’s holdings in Simon Property Group were worth $12,176,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Yousif Capital Management LLC boosted its holdings in shares of Simon Property Group by 0.8% in the third quarter. Yousif Capital Management LLC now owns 45,871 shares of the real estate investment trust’s stock worth $9,209,000 after acquiring an additional 356 shares during the period. Compass Wealth Management LLC bought a new stake in shares of Simon Property Group during the 3rd quarter valued at $69,000. Brookstone Capital Management raised its stake in shares of Simon Property Group by 13.5% during the 3rd quarter. Brookstone Capital Management now owns 27,305 shares of the real estate investment trust’s stock valued at $5,482,000 after purchasing an additional 3,256 shares during the period. Root Financial Partners LLC bought a new stake in shares of Simon Property Group during the 3rd quarter valued at $222,000. Finally, Cantor Fitzgerald Investment Advisors L.P. raised its stake in shares of Simon Property Group by 1.0% during the 3rd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 14,145 shares of the real estate investment trust’s stock valued at $2,840,000 after purchasing an additional 145 shares during the period. Institutional investors own 93.01% of the company’s stock.

Insiders Place Their Bets

In related news, Director Daniel C. Smith purchased 350 shares of the business’s stock in a transaction on Wednesday, September 30th. The stock was acquired at an average price of $202.78 per share, with a total value of $70,973.00. Following the purchase, the director directly owned 34,830 shares in the company, valued at approximately $7,062,827.40. This represents a 1.02% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stefan M. Selig purchased 208 shares of the business’s stock in a transaction on Wednesday, September 30th. The stock was bought at an average cost of $202.78 per share, with a total value of $42,178.24. Following the purchase, the director owned 34,020 shares in the company, valued at approximately $6,898,575.60. This represents a 0.62% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 1,668 shares of company stock valued at $338,237 over the last three months. Corporate insiders own 8.73% of the company’s stock.

Simon Property Group Price Performance

Simon Property Group stock opened at $211.85 on Friday. The stock has a market cap of $68.54 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 3.27 and a beta of 1.30. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.19. The business has a 50-day simple moving average of $207.72 and a 200 day simple moving average of $211.24. Simon Property Group, Inc. has a 52 week low of $172.19 and a 52 week high of $238.50.

Simon Property Group (NYSE:SPG) last released 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). The business 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 business’s revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the business earned $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 13.24 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Wednesday, September 9th. Simon Property Group’s dividend payout ratio is 63.47%.

Analyst Ratings Changes

Several research analysts have commented on the company. Jefferies Financial Group upgraded Simon Property Group to a “strong-buy” rating in a research note on Friday, June 26th. Citigroup lifted their target price on Simon Property Group from $205.00 to $230.00 and gave the company a “neutral” rating in a report on Monday, August 17th. Piper Sandler decreased their price target on Simon Property Group from $285.00 to $254.00 and set an “overweight” rating on the stock in a research report on Monday, October 12th. Scotiabank lowered their price target on shares of Simon Property Group from $222.00 to $221.00 and set a “sector perform” rating on the stock in a report on Thursday, September 17th. Finally, UBS Group lowered their price target on shares of Simon Property Group from $222.00 to $205.00 and set a “neutral” rating on the stock in a report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $224.07.

Simon Property Group Profile

Simon Property Group, Inc is a self-administered and self-managed real estate investment trust that owns, develops, and operates premier shopping, dining, entertainment, and mixed-use destinations. Its portfolio includes regional malls, premium outlet centers, and other retail properties designed to serve both local shoppers and visitors.

The company’s properties feature a broad mix of retailers, restaurants, entertainment venues, and experiential offerings. Simon also provides property management, leasing, development, redevelopment, and marketing services associated with its real estate portfolio.

Simon Property Group was formed in 1993 through the combination of the retail real estate interests of the Simon and DeBartolo families.