Lodestone Wealth Management LLC Sells 15,248 Shares of Simon Property Group, Inc. $SPG

Lodestone Wealth Management LLC lowered its stake in Simon Property Group, Inc. (NYSE:SPG) by 49.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,555 shares of the real estate investment trust’s stock after selling 15,248 shares during the period. Simon Property Group accounts for 1.3% of Lodestone Wealth Management LLC’s holdings, making the stock its 20th largest holding. Lodestone Wealth Management LLC’s holdings in Simon Property Group were worth $2,919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC acquired a new stake in shares of Simon Property Group during the 4th quarter valued at $295,000. Geneos Wealth Management Inc. increased its holdings in Simon Property Group by 68.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,433 shares of the real estate investment trust’s stock worth $238,000 after purchasing an additional 583 shares in the last quarter. Voya Investment Management LLC raised its position in Simon Property Group by 16.3% in the first quarter. Voya Investment Management LLC now owns 210,720 shares of the real estate investment trust’s stock valued at $34,996,000 after purchasing an additional 29,479 shares during the last quarter. Swedbank AB raised its position in Simon Property Group by 1.3% in the first quarter. Swedbank AB now owns 130,654 shares of the real estate investment trust’s stock valued at $21,699,000 after purchasing an additional 1,667 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Simon Property Group by 29.4% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 929 shares of the real estate investment trust’s stock valued at $150,000 after purchasing an additional 211 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Simon Property Group

In other Simon Property Group news, Director Gary M. Rodkin acquired 226 shares of the company’s stock in a transaction dated Wednesday, December 31st. The shares were bought at an average cost of $186.00 per share, with a total value of $42,036.00. Following the purchase, the director directly owned 19,455 shares of the company’s stock, valued at $3,618,630. This trade represents a 1.18% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stefan M. Selig bought 201 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The shares were acquired at an average price of $186.00 per share, for a total transaction of $37,386.00. Following the transaction, the director owned 32,277 shares in the company, valued at $6,003,522. This represents a 0.63% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have purchased 2,192 shares of company stock valued at $407,712. 8.66% of the stock is owned by corporate insiders.

Simon Property Group Stock Performance

NYSE:SPG opened at $184.60 on Monday. The company has a debt-to-equity ratio of 9.59, a quick ratio of 1.44 and a current ratio of 1.44. Simon Property Group, Inc. has a fifty-two week low of $136.34 and a fifty-two week high of $190.13. The company has a 50 day simple moving average of $183.78 and a two-hundred day simple moving average of $177.30. The company has a market capitalization of $60.27 billion, a PE ratio of 26.87, a P/E/G ratio of 8.80 and a beta of 1.37.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $3.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.09 by $0.13. Simon Property Group had a net margin of 38.18% and a return on equity of 79.30%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the company earned $3.05 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Simon Property Group has set its FY 2025 guidance at 12.600-12.700 EPS. Research analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th were given a dividend of $2.20 per share. This represents a $8.80 dividend on an annualized basis and a yield of 4.8%. This is an increase from Simon Property Group’s previous quarterly dividend of $2.15. The ex-dividend date of this dividend was Wednesday, December 10th. Simon Property Group’s payout ratio is currently 128.09%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SPG. Scotiabank upped their price objective on Simon Property Group from $173.00 to $186.00 and gave the company a “sector perform” rating in a research note on Thursday, November 13th. Truist Financial boosted their target price on shares of Simon Property Group from $169.00 to $181.00 and gave the stock a “hold” rating in a report on Wednesday, December 17th. Weiss Ratings restated a “buy (b)” rating on shares of Simon Property Group in a research report on Tuesday, October 14th. Citigroup raised their price target on shares of Simon Property Group from $170.00 to $185.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Finally, Mizuho set a $192.00 price target on shares of Simon Property Group in a report on Friday. Four equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, Simon Property Group presently has an average rating of “Hold” and an average target price of $191.54.

Simon Property Group Company 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.