Integrated Advisors Network LLC Acquires 7,434 Shares of Simon Property Group, Inc. $SPG

Integrated Advisors Network LLC lifted its holdings in Simon Property Group, Inc. (NYSE:SPG) by 38.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 26,651 shares of the real estate investment trust’s stock after purchasing an additional 7,434 shares during the period. Integrated Advisors Network LLC’s holdings in Simon Property Group were worth $4,971,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPG. Stance Capital LLC purchased a new position in shares of Simon Property Group in the 3rd quarter valued at $26,000. Wilkerson Advisory Group LLC bought a new position in shares of Simon Property Group in the 4th quarter worth $29,000. SHP Wealth Management purchased a new stake in shares of Simon Property Group during the 4th quarter worth $34,000. Tompkins Financial Corp purchased a new stake in shares of Simon Property Group during the 4th quarter worth $42,000. Finally, MV Capital Management Inc. bought a new stake in Simon Property Group during the fourth quarter valued at about $46,000. 93.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Simon Property Group

In other news, Director Gary M. Rodkin bought 256 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average price of $223.34 per share, for a total transaction of $57,175.04. Following the completion of the transaction, the director directly owned 21,016 shares in the company, valued at $4,693,713.44. The trade was a 1.23% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 purchased at an average price of $223.36 per share, with a total value of $54,276.48. Following the completion of the transaction, the director directly owned 21,067 shares of the company’s stock, valued at $4,705,525.12. This represents a 1.17% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders acquired 2,387 shares of company stock worth $533,056. 8.73% of the stock is currently owned by corporate insiders.

Simon Property Group Stock Performance

NYSE:SPG traded up $4.27 during midday trading on Tuesday, hitting $229.27. The company’s stock had a trading volume of 163,421 shares, compared to its average volume of 1,767,404. Simon Property Group, Inc. has a fifty-two week low of $159.33 and a fifty-two week high of $229.48. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $74.35 billion, a P/E ratio of 15.93, a P/E/G ratio of 4.09 and a beta of 1.29. The firm’s 50 day moving average is $209.31 and its 200-day moving average is $197.66.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 EPS for the quarter, beating the consensus estimate of $1.46 by $0.02. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the company earned $2.95 earnings per share. The firm’s revenue was up 19.3% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Equities analysts anticipate that Simon Property Group, Inc. will post 13.21 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Tuesday, June 9th. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s dividend payout ratio is currently 62.54%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SPG. Jefferies Financial Group raised shares of Simon Property Group to a “strong-buy” rating in a research report on Friday, June 26th. Weiss Ratings downgraded shares of Simon Property Group from a “buy (a-)” rating to a “buy (b)” rating in a research note on Monday, June 29th. Bank of America lifted their price target on shares of Simon Property Group from $225.00 to $236.00 and gave the stock a “buy” rating in a report on Monday, June 29th. UBS Group set a $220.00 price target on Simon Property Group in a research report on Thursday, June 18th. Finally, Citigroup upped their price target on Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $211.93.

Simon Property Group Profile

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.