CORDA Investment Management LLC. Sells 2,906 Shares of Simon Property Group, Inc. $SPG

CORDA Investment Management LLC. trimmed its holdings in Simon Property Group, Inc. (NYSE:SPG) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,216 shares of the real estate investment trust’s stock after selling 2,906 shares during the quarter. Simon Property Group comprises about 2.7% of CORDA Investment Management LLC.’s portfolio, making the stock its 15th biggest position. CORDA Investment Management LLC. owned approximately 0.06% of Simon Property Group worth $44,331,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SPG. Stance Capital LLC acquired a new position in Simon Property Group in the third quarter valued at approximately $26,000. Wilkerson Advisory Group LLC acquired a new stake in shares of Simon Property Group during the 4th quarter worth approximately $29,000. SHP Wealth Management acquired a new stake in shares of Simon Property Group during the 4th quarter worth approximately $34,000. Dynamic Wealth Strategies LLC increased its stake 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 acquiring an additional 139 shares in the last quarter. Finally, WPG Advisers LLC lifted its position in shares of Simon Property Group by 40.3% during 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. Institutional investors own 93.01% of the company’s stock.

Insider Buying and Selling at Simon Property Group

In related news, Director Gary M. Rodkin acquired 256 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was purchased at an average cost of $223.34 per share, with a total value of $57,175.04. Following the acquisition, the director owned 21,016 shares of the company’s stock, valued at approximately $4,693,713.44. This trade represents a 1.23% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Larry C. Glasscock acquired 397 shares of the stock in a transaction dated Tuesday, June 30th. The stock was bought at an average cost of $223.38 per share, with a total value of $88,681.86. Following the completion of the purchase, the director owned 45,902 shares of the company’s stock, valued at approximately $10,253,588.76. The trade was a 0.87% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have acquired 2,387 shares of company stock worth $533,056. 8.73% of the stock is currently owned by corporate insiders.

Simon Property Group Stock Performance

Shares of SPG stock opened at $219.34 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 5.19. The firm has a fifty day simple moving average of $222.30 and a two-hundred day simple moving average of $205.94. Simon Property Group, Inc. has a 12 month low of $171.22 and a 12 month high of $238.50. The firm has a market capitalization of $71.13 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 2.84 and a beta of 1.30.

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

Simon Property Group Announces Dividend

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

Wall Street Analyst Weigh In

SPG has been the topic of several research analyst reports. Evercore set a $215.00 target price on shares of Simon Property Group in a research note on Tuesday, July 7th. Citigroup lifted their price target 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. Deutsche Bank Aktiengesellschaft lowered shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price objective on the stock. in a report on Thursday, July 9th. Morgan Stanley raised their target price on Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 9th. Finally, LADENBURG THALM/SH SH boosted their target price on Simon Property Group from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $221.07.

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.