Sigma Planning Corp Has $2.20 Million Stake in Simon Property Group, Inc. $SPG

Sigma Planning Corp reduced its position in Simon Property Group, Inc. (NYSE:SPG) by 23.4% during the second quarter, HoldingsChannel reports. The firm owned 9,827 shares of the real estate investment trust’s stock after selling 2,995 shares during the period. Sigma Planning Corp’s holdings in Simon Property Group were worth $2,198,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its holdings in Simon Property Group by 0.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 36,671 shares of the real estate investment trust’s stock worth $8,201,000 after acquiring an additional 308 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Simon Property Group by 13,579.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,604,590 shares of the real estate investment trust’s stock valued at $806,167,000 after purchasing an additional 3,578,240 shares in the last quarter. New Mexico Educational Retirement Board grew its stake in Simon Property Group by 7.3% during the second quarter. New Mexico Educational Retirement Board now owns 16,195 shares of the real estate investment trust’s stock worth $3,622,000 after purchasing an additional 1,100 shares during the period. Mufg Securities Americas Inc. grew its stake in Simon Property Group by 8.5% during the second quarter. Mufg Securities Americas Inc. now owns 9,767 shares of the real estate investment trust’s stock worth $2,184,000 after purchasing an additional 768 shares during the period. Finally, Ferguson Wellman Capital Management Inc. bought a new stake in Simon Property Group in the second quarter worth approximately $216,000. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Price Performance

Shares of NYSE SPG opened at $212.38 on Tuesday. The stock has a market cap of $68.72 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 2.69 and a beta of 1.30. 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 $172.19 and a fifty-two week high of $238.50. The firm’s 50-day simple moving average is $223.48 and its 200 day simple moving average is $208.11.

Simon Property Group (NYSE:SPG) last issued 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 return on equity of 89.32% and a net margin of 66.56%.The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same period last year, the company earned $1.70 earnings per share. The business’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. As a group, research analysts anticipate that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th will be paid a $2.25 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $9.00 annualized dividend and a dividend yield of 4.2%. Simon Property Group’s dividend payout ratio is presently 63.47%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SPG shares. Stifel Nicolaus increased their price target on Simon Property Group from $194.00 to $209.00 and gave the stock a “hold” rating in a report on Tuesday, August 11th. Citigroup increased their target price 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, August 17th. UBS Group raised their price target on shares of Simon Property Group from $199.00 to $222.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Mizuho lifted their price target on shares of Simon Property Group from $211.00 to $226.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Jefferies Financial Group upgraded shares of Simon Property Group to a “strong-buy” rating in a report on Friday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $225.27.

Insider Buying and Selling

In other Simon Property Group news, Director Gary M. Rodkin acquired 256 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were acquired 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 owned 21,016 shares in the company, valued at approximately $4,693,713.44. This trade represents a 1.23% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Daniel C. Smith purchased 372 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average cost of $223.31 per share, for a total transaction of $83,071.32. Following the completion of the acquisition, the director directly owned 34,480 shares in the company, valued at $7,699,728.80. The trade was a 1.09% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 2,387 shares of company stock valued at $533,056 over the last 90 days. 8.73% of the stock is currently owned by company insiders.

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.