Simon Property Group, Inc. $SPG Shares Newly Purchased by Focused Alpha LLC

Focused Alpha LLC purchased a new stake in Simon Property Group, Inc. (NYSE:SPG) during the 3rd quarter, Holdings Channel reports. The firm purchased 2,586 shares of the real estate investment trust’s stock, valued at approximately $519,000.

Several other large investors also recently made changes to their positions in the company. Ancora Advisors LLC acquired a new position in shares of Simon Property Group during the second quarter worth approximately $27,000. Osbon Capital Management LLC bought a new position in Simon Property Group in the 2nd quarter worth approximately $32,000. SHP Wealth Management acquired a new stake in Simon Property Group in the 4th quarter valued at approximately $34,000. Fiduciary Financial Advisors acquired a new position in Simon Property Group during the 2nd quarter worth $34,000. Finally, Dynamic Wealth Strategies LLC boosted its position in Simon Property Group by 195.8% during the 1st quarter. Dynamic Wealth Strategies LLC now owns 210 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 139 shares during the period. Institutional investors and hedge funds own 93.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Bank of America raised their price target on Simon Property Group from $225.00 to $236.00 and gave the company a “buy” rating in a report on Monday, June 29th. Piper Sandler reduced their price objective on shares of Simon Property Group from $285.00 to $254.00 and set an “overweight” rating for the company in a report on Monday, October 12th. Weiss Ratings downgraded shares of Simon Property Group from a “buy (a-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. UBS Group lowered their target price on shares of Simon Property Group from $222.00 to $205.00 and set a “neutral” rating on the stock in a research note on Friday, October 9th. Finally, BNP Paribas Exane started coverage on shares of Simon Property Group in a research report on Friday, October 9th. They set a “neutral” rating and a $222.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $224.07.

Insider Activity at Simon Property Group

In related news, Director Daniel Smith acquired 350 shares of the business’s stock in a transaction dated Wednesday, September 30th. The stock was bought at an average price of $202.78 per share, for a total transaction of $70,973.00. Following the transaction, the director owned 34,830 shares of the company’s stock, valued at approximately $7,062,827.40. The trade was 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 hyperlink. Also, Director Reuben Leibowitz acquired 480 shares of Simon Property Group stock in a transaction dated Wednesday, September 30th. The shares were bought at an average cost of $202.78 per share, with a total value of $97,334.40. Following the completion of the purchase, the director owned 56,277 shares in the company, valued at approximately $11,411,850.06. This represents a 0.86% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have acquired 1,668 shares of company stock worth $338,237. 8.73% of the stock is owned by corporate insiders.

Simon Property Group Stock Performance

Shares of SPG opened at $202.49 on Tuesday. 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 firm’s 50 day moving average is $208.62 and its 200-day moving average is $210.83. Simon Property Group, Inc. has a 12-month low of $172.19 and a 12-month high of $238.50. The stock has a market capitalization of $65.52 billion, a P/E ratio of 15.60, a P/E/G ratio of 3.17 and a beta of 1.30.

Simon Property Group (NYSE:SPG) last released its earnings results 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). The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.70 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Equities research analysts anticipate that Simon Property Group, Inc. will post 13.23 EPS 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. Stockholders of record on Wednesday, September 9th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Wednesday, September 9th. Simon Property Group’s dividend payout ratio is 63.47%.

About Simon Property Group

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.