Simon Property Group, Inc. $SPG Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 4.3% during the second quarter, Holdings Channel reports. The institutional investor owned 208,839 shares of the real estate investment trust’s stock after buying an additional 8,568 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Simon Property Group were worth $46,707,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Stance Capital LLC acquired a new position in Simon Property Group during the 3rd quarter worth approximately $26,000. Wilkerson Advisory Group LLC purchased a new stake in shares of 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 in the 4th quarter valued at $34,000. Dynamic Wealth Strategies LLC raised its holdings in shares of 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 valued at $39,000 after purchasing an additional 139 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of Simon Property Group by 79.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 111 shares in the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Insider Buying and Selling

In other news, Director Glyn Aeppel acquired 243 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were bought at an average price of $223.36 per share, with a total value of $54,276.48. Following the completion of the acquisition, the director owned 21,067 shares in the company, valued at $4,705,525.12. This trade represents a 1.17% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Larry C. Glasscock bought 397 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average price of $223.38 per share, for a total transaction of $88,681.86. Following the transaction, the director directly owned 45,902 shares of the company’s stock, valued at approximately $10,253,588.76. This represents a 0.87% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 2,387 shares of company stock valued at $533,056 over the last ninety days. Company insiders own 8.73% of the company’s stock.

Simon Property Group Stock Down 1.0%

Shares of NYSE:SPG opened at $219.34 on Friday. The company has a market capitalization of $71.13 billion, a PE ratio of 15.47, a P/E/G ratio of 2.84 and a beta of 1.30. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 5.19. Simon Property Group, Inc. has a twelve month low of $171.22 and a twelve month high of $238.50. The firm has a 50 day simple moving average of $222.30 and a 200-day simple moving average of $205.94.

Simon Property Group (NYSE:SPG) last posted its earnings results on Monday, August 10th. The real estate investment trust reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.15). The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The company’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the business earned $1.70 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. On average, equities analysts predict that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal year.

Simon Property Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be paid a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 4.1%. The ex-dividend date is Wednesday, September 9th. Simon Property Group’s dividend payout ratio is currently 63.47%.

Analyst Ratings Changes

A number of equities analysts recently commented on SPG shares. Citigroup boosted their target price on shares of Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Bank of America raised their price target 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. Jefferies Financial Group raised Simon Property Group to a “strong-buy” rating in a report on Friday, June 26th. Barclays upped their price objective on Simon Property Group from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 25th. Finally, Scotiabank increased their price objective on Simon Property Group from $206.00 to $220.00 and gave the company a “sector perform” rating in a report on Thursday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $221.07.

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.