Simon Property Group, Inc. (NYSE:SPG) to Issue Quarterly Dividend of $2.30

Simon Property Group, Inc. (NYSE:SPG) announced a quarterly dividend on Thursday, November 5th. Stockholders of record on Thursday, December 10th will be paid a dividend of $2.30 per share by the real estate investment trust on Thursday, December 31st. This represents a $9.20 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Thursday, December 10th. This is a 2.2% increase from Simon Property Group’s previous quarterly dividend of $2.25.

Simon Property Group has raised its dividend by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Simon Property Group has a dividend payout ratio of 131.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Simon Property Group to earn $13.74 per share next year, which means the company should continue to be able to cover its $9.00 annual dividend with an expected future payout ratio of 65.5%.

Simon Property Group Trading Down 0.7%

Shares of NYSE:SPG opened at $227.00 on Friday. Simon Property Group has a 12 month low of $177.88 and a 12 month high of $238.50. 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 company’s fifty day simple moving average is $207.69 and its 200 day simple moving average is $206.54. The firm has a market cap of $73.45 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 3.52 and a beta of 1.27.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data on Thursday, November 5th. The real estate investment trust reported $3.37 EPS for the quarter, beating the consensus estimate of $1.69 by $1.68. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The firm’s revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.22 EPS. Simon Property Group has set its FY 2026 guidance at 13.300-13.400 EPS. As a group, research analysts forecast that Simon Property Group will post 13.24 EPS for the current fiscal year.

Insider Transactions at Simon Property Group

In other Simon Property Group news, Director Marta R. Stewart purchased 199 shares of the business’s stock in a transaction on Wednesday, September 30th. The shares were purchased at an average cost of $202.78 per share, with a total value of $40,353.22. Following the transaction, the director directly owned 18,199 shares of the company’s stock, valued at $3,690,393.22. This represents a 1.11% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Daniel C. Smith acquired 350 shares of Simon Property Group stock in a transaction dated Wednesday, September 30th. The shares were acquired at an average price of $202.78 per share, with a total value of $70,973.00. Following the completion of the purchase, the director owned 34,830 shares in the company, valued at approximately $7,062,827.40. The trade was a 1.02% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders acquired 1,668 shares of company stock worth $338,237. 8.73% of the stock is owned by insiders.

Institutional Trading of Simon Property Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ancora Advisors LLC bought a new position in Simon Property Group in the second quarter valued at approximately $27,000. Fulcrum Asset Management LLP bought a new stake in shares of Simon Property Group during the 3rd quarter worth approximately $27,000. Osbon Capital Management LLC bought a new stake in shares of Simon Property Group during the 2nd quarter worth approximately $32,000. Fiduciary Financial Advisors bought a new stake in shares of Simon Property Group during the 2nd quarter worth approximately $34,000. Finally, N.E.W. Advisory Services LLC boosted its holdings in shares of Simon Property Group by 335.0% in the 2nd quarter. N.E.W. Advisory Services LLC now owns 174 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 134 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Simon Property Group Company 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.