Gables Capital Management Inc. Invests $562,000 in Simon Property Group, Inc. $SPG

Gables Capital Management Inc. acquired a new stake in shares of Simon Property Group, Inc. (NYSE:SPG) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,515 shares of the real estate investment trust’s stock, valued at approximately $562,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Stance Capital LLC purchased a new position in Simon Property Group during the third quarter valued at $26,000. Wilkerson Advisory Group LLC purchased a new stake in Simon Property Group in the fourth quarter worth about $29,000. N.E.W. Advisory Services LLC increased its position in 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 buying an additional 134 shares in the last quarter. WPG Advisers LLC raised its stake in shares of Simon Property Group by 40.3% in the second quarter. WPG Advisers LLC now owns 181 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 52 shares during the period. Finally, SHP Wealth Management purchased a new position in shares of Simon Property Group during the 4th quarter valued at about $34,000. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Stifel Nicolaus boosted their price objective on Simon Property Group from $194.00 to $209.00 and gave the company a “hold” rating in a research note on Tuesday, August 11th. Evercore set a $215.00 target price on shares of Simon Property Group in a research note on Tuesday, July 7th. LADENBURG THALM/SH SH lifted their price target on shares of Simon Property Group from $250.00 to $275.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. UBS Group upped their price target on shares of Simon Property Group from $199.00 to $222.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Finally, Citigroup increased their price objective on shares of Simon Property Group from $205.00 to $230.00 and gave the stock a “neutral” rating in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, Simon Property Group presently has a consensus rating of “Hold” and an average price target of $222.87.

Simon Property Group Trading Down 0.3%

Shares of SPG opened at $221.07 on Wednesday. The stock has a market capitalization of $71.53 billion, a PE ratio of 15.59, a P/E/G ratio of 2.74 and a beta of 1.30. The company’s fifty day moving average is $222.76 and its 200 day moving average is $206.61. The company has a debt-to-equity ratio of 5.19, a quick ratio of 1.05 and a current ratio of 1.05. Simon Property Group, Inc. has a fifty-two week low of $172.09 and a fifty-two week 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 EPS for the quarter, missing the consensus estimate 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 business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter last year, the business earned $1.70 EPS. Simon Property Group’s revenue for the quarter 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. Sell-side analysts expect 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. Investors of record on Wednesday, September 9th will be issued a $2.25 dividend. The ex-dividend date of this dividend 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 presently 63.47%.

Insider Transactions at Simon Property Group

In related news, Director Glyn Aeppel purchased 243 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average price of $223.36 per share, for a total transaction of $54,276.48. Following the completion of the transaction, the director owned 21,067 shares in the company, valued at approximately $4,705,525.12. The trade was a 1.17% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Larry C. Glasscock purchased 397 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average price of $223.38 per share, with a total value of $88,681.86. Following the transaction, the director owned 45,902 shares of the company’s stock, valued at $10,253,588.76. This represents a 0.87% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 2,387 shares of company stock worth $533,056 in the last quarter. Company insiders own 8.73% of the company’s stock.

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.