Simon Property Group, Inc. $SPG Stock Acquired by Kestra Advisory Services LLC

Kestra Advisory Services LLC raised its position in Simon Property Group, Inc. (NYSE:SPG) by 7.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,198 shares of the real estate investment trust’s stock after purchasing an additional 3,185 shares during the quarter. Kestra Advisory Services LLC’s holdings in Simon Property Group were worth $9,676,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ancora Advisors LLC bought a new position in Simon Property Group in the 2nd quarter valued at approximately $27,000. Osbon Capital Management LLC bought a new stake in Simon Property Group during the 2nd quarter worth approximately $32,000. Fiduciary Financial Advisors bought a new stake in Simon Property Group during the 2nd quarter worth approximately $34,000. N.E.W. Advisory Services LLC grew its holdings in Simon Property Group by 335.0% during the 2nd quarter. N.E.W. Advisory Services LLC now owns 174 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 134 shares during the last quarter. Finally, WPG Advisers LLC increased its position in Simon Property Group by 40.3% in the 2nd quarter. WPG Advisers LLC now owns 181 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 52 shares during the period. 93.01% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Marta Stewart purchased 199 shares of the stock in a transaction that occurred on Wednesday, September 30th. The stock was acquired at an average cost of $202.78 per share, with a total value of $40,353.22. Following the transaction, the director 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stefan Selig acquired 208 shares of the company’s stock in a transaction on Wednesday, September 30th. The shares were bought at an average price of $202.78 per share, for a total transaction of $42,178.24. Following the completion of the purchase, the director owned 34,020 shares in the company, valued at approximately $6,898,575.60. This represents a 0.62% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 1,668 shares of company stock worth $338,237 in the last three months. 8.73% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on SPG. Truist Financial initiated coverage on Simon Property Group in a report on Friday, October 2nd. They set a “hold” rating and a $215.00 target price on the stock. Jefferies Financial Group decreased their price target on Simon Property Group from $278.00 to $252.00 and set a “buy” rating for the company in a research note on Monday, October 12th. JPMorgan Chase & Co. lowered their price objective on Simon Property Group from $231.00 to $223.00 and set a “neutral” rating for the company in a research report on Thursday, September 10th. The Goldman Sachs Group cut their price objective on Simon Property Group from $242.00 to $228.00 in a research note on Wednesday, October 7th. Finally, Scotiabank reduced their target price on Simon Property Group from $222.00 to $221.00 and set a “sector perform” rating on the stock in a report on Thursday, September 17th. Nine investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, Simon Property Group has an average rating of “Hold” and a consensus price target of $228.67.

Simon Property Group Price Performance

Shares of NYSE SPG opened at $233.11 on Tuesday. The company has a debt-to-equity ratio of 5.19, a quick ratio of 1.05 and a current ratio of 1.05. The firm’s 50-day simple moving average is $208.34 and its 200 day simple moving average is $207.00. The stock has a market cap of $75.42 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 3.52 and a beta of 1.27. Simon Property Group, Inc. has a fifty-two week low of $177.88 and a fifty-two week high of $238.50.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Thursday, November 5th. The real estate investment trust reported $3.37 EPS for the quarter, topping the consensus estimate of $1.69 by $1.68. Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the prior year, the business posted $3.22 earnings per share. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.300-13.400 EPS. As a group, research analysts anticipate that Simon Property Group, Inc. will post 13.25 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 10th will be issued a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 3.9%. This is an increase from Simon Property Group’s previous quarterly dividend of $2.25. The ex-dividend date is Thursday, December 10th. Simon Property Group’s dividend payout ratio is currently 64.94%.

Simon Property Group Company Profile

Simon Property Group is a real estate investment trust that owns, develops and manages shopping, dining and entertainment destinations. Its portfolio includes regional malls, premium outlet centers and mixed-use properties, which combine retail with other uses such as restaurants and entertainment.

The company’s properties are located primarily in the United States, with additional investments and operations in international markets, including Europe and Asia. Its business activities include leasing space to retailers and other tenants, operating properties and investing in redevelopment and expansion projects.

Simon Property Group was established in 1993, when it became a publicly traded company following a spin-off from Melvin Simon & Associates.