Simon Property Group, Inc. $SPG Position Raised by Groupe la Francaise

Groupe la Francaise lifted its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 8.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 45,976 shares of the real estate investment trust’s stock after acquiring an additional 3,625 shares during the period. Groupe la Francaise’s holdings in Simon Property Group were worth $8,576,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Stance Capital LLC acquired a new stake in shares of Simon Property Group in the third quarter valued at approximately $26,000. Wilkerson Advisory Group LLC acquired a new position in shares of Simon Property Group during the fourth quarter worth approximately $29,000. SHP Wealth Management acquired a new position in shares of Simon Property Group during the fourth quarter worth approximately $34,000. Dynamic Wealth Strategies LLC grew its holdings in Simon Property Group by 195.8% in the 1st quarter. Dynamic Wealth Strategies LLC now owns 210 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 139 shares in the last quarter. Finally, MV Capital Management Inc. bought a new position in Simon Property Group in the 4th quarter worth approximately $46,000. 93.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Simon Property Group

In other Simon Property Group news, Director Reuben S. Leibowitz acquired 508 shares of Simon Property Group stock in a transaction dated Tuesday, June 30th. The stock was bought at an average price of $223.38 per share, for a total transaction of $113,477.04. Following the transaction, the director owned 55,797 shares in the company, valued at approximately $12,463,933.86. This trade represents a 0.92% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Daniel C. Smith acquired 372 shares of Simon Property Group stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average price of $223.31 per share, with a total value of $83,071.32. Following the transaction, the director owned 34,480 shares in the company, valued at approximately $7,699,728.80. This represents a 1.09% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have purchased 2,387 shares of company stock valued at $533,056. Corporate insiders own 8.73% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Bank of America lifted their target price on Simon Property Group from $225.00 to $236.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Truist Financial raised their price target on Simon Property Group from $196.00 to $215.00 and gave the company a “hold” rating in a report on Tuesday, June 23rd. Weiss Ratings raised Simon Property Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, July 14th. Citigroup lifted their price objective on shares of Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Finally, Scotiabank upped their price objective on shares of Simon Property Group from $206.00 to $220.00 and gave the stock a “sector perform” rating in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $216.14.

Simon Property Group Price Performance

Shares of NYSE:SPG opened at $230.17 on Friday. The stock has a market cap of $74.64 billion, a price-to-earnings ratio of 16.00, a PEG ratio of 3.04 and a beta of 1.29. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84. Simon Property Group, Inc. has a 12 month low of $159.70 and a 12 month high of $238.50. The stock’s 50 day moving average price is $218.40 and its 200 day moving average price is $203.10.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period last year, the company posted $2.95 EPS. The firm’s quarterly 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 research 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 company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were paid a dividend of $2.25 per share. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Tuesday, June 9th. Simon Property Group’s dividend payout ratio (DPR) is 62.54%.

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.