Simon Property Group, Inc. (SPG) To Go Ex-Dividend on March 10th

Simon Property Group, Inc. (NYSE:SPG) announced a quarterly dividend on Monday, February 2nd. Stockholders of record on Tuesday, March 10th will be given a dividend of 2.20 per share by the real estate investment trust on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Tuesday, March 10th.

Simon Property Group has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 4 years. Simon Property Group has a payout ratio of 128.5% 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 analysts expect Simon Property Group to earn $12.88 per share next year, which means the company should continue to be able to cover its $8.80 annual dividend with an expected future payout ratio of 68.3%.

Simon Property Group Trading Down 3.1%

Shares of SPG stock opened at $194.72 on Friday. The stock has a 50-day simple moving average of $191.88 and a 200 day simple moving average of $185.06. The stock has a market capitalization of $63.57 billion, a P/E ratio of 13.73, a P/E/G ratio of 6.42 and a beta of 1.36. Simon Property Group has a fifty-two week low of $136.34 and a fifty-two week high of $205.12. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 4.42.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $3.49 EPS for the quarter, topping the consensus estimate of $3.47 by $0.02. Simon Property Group had a net margin of 72.71% and a return on equity of 124.12%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the business earned $3.68 earnings per share. Simon Property Group’s revenue for the quarter was up 13.2% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. On average, sell-side analysts expect that Simon Property Group will post 12.54 earnings per share for the current fiscal year.

Insider Activity

In other Simon Property Group news, Director Glyn Aeppel purchased 216 shares of the stock in a transaction dated Wednesday, December 31st. The shares were acquired at an average price of $186.00 per share, for a total transaction of $40,176.00. Following the completion of the acquisition, the director owned 19,481 shares of the company’s stock, valued at $3,623,466. This represents a 1.12% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Reuben S. Leibowitz acquired 480 shares of Simon Property Group stock in a transaction that occurred on Wednesday, December 31st. The stock was acquired at an average cost of $186.00 per share, with a total value of $89,280.00. Following the completion of the purchase, the director owned 53,639 shares in the company, valued at approximately $9,976,854. This represents a 0.90% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders bought 2,192 shares of company stock worth $407,712. 8.66% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Simon Property Group

Large investors have recently made changes to their positions in the business. Stance Capital LLC acquired a new stake in shares of Simon Property Group during the third quarter worth approximately $26,000. Wilkerson Advisory Group LLC acquired a new position in Simon Property Group in the 4th quarter valued at approximately $29,000. SHP Wealth Management acquired a new stake in shares of Simon Property Group during the 4th quarter valued at $34,000. Silicon Valley Capital Partners purchased a new position in shares of Simon Property Group during the 2nd quarter valued at $30,000. Finally, VSM Wealth Advisory LLC acquired a new position in shares of Simon Property Group in the second quarter worth $30,000. Institutional investors and hedge funds own 93.01% of the company’s stock.

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.