Gables Capital Management Inc. Takes $562,000 Position in Simon Property Group, Inc. $SPG

Gables Capital Management Inc. bought a new stake in shares of Simon Property Group, Inc. (NYSE:SPG) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,515 shares of the real estate investment trust’s stock, valued at approximately $562,000.

A number of other hedge funds have also added to or reduced their stakes in SPG. PFG Investments LLC lifted its position in shares of Simon Property Group by 2.2% in the 1st quarter. PFG Investments LLC now owns 2,341 shares of the real estate investment trust’s stock worth $437,000 after purchasing an additional 50 shares during the period. WPG Advisers LLC increased its position in shares of Simon Property Group by 40.3% during the second quarter. WPG Advisers LLC now owns 181 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 52 shares during the period. Great Valley Advisor Group Inc. raised its stake in Simon Property Group by 2.3% in the fourth quarter. Great Valley Advisor Group Inc. now owns 2,360 shares of the real estate investment trust’s stock worth $437,000 after buying an additional 52 shares in the last quarter. Veridan Wealth LLC raised its stake in Simon Property Group by 1.2% in the fourth quarter. Veridan Wealth LLC now owns 4,563 shares of the real estate investment trust’s stock worth $845,000 after buying an additional 53 shares in the last quarter. Finally, CYBER HORNET ETFs LLC lifted its holdings in Simon Property Group by 6.2% in the fourth quarter. CYBER HORNET ETFs LLC now owns 936 shares of the real estate investment trust’s stock worth $173,000 after buying an additional 55 shares during the period. 93.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Gary M. Rodkin purchased 256 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average cost of $223.34 per share, for a total transaction of $57,175.04. Following the purchase, the director directly owned 21,016 shares in the company, valued at approximately $4,693,713.44. This represents a 1.23% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Daniel C. Smith purchased 372 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average price of $223.31 per share, for a total transaction of $83,071.32. Following the completion of the purchase, the director owned 34,480 shares in the company, valued at approximately $7,699,728.80. The trade was a 1.09% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders purchased 2,387 shares of company stock worth $533,056. Insiders own 8.73% of the company’s stock.

Simon Property Group Stock Down 0.3%

Shares of Simon Property Group stock opened at $221.07 on Wednesday. The company has a 50-day simple moving average of $222.76 and a two-hundred day simple moving average of $206.61. The stock has a market capitalization of $71.53 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 2.74 and a beta of 1.30. Simon Property Group, Inc. has a 52-week low of $172.09 and a 52-week high of $238.50. The company has a debt-to-equity ratio of 5.19, a quick ratio of 1.05 and a current ratio of 1.05.

Simon Property Group (NYSE:SPG) last announced its quarterly 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). Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the firm earned $1.70 earnings per share. The business’s revenue was up 19.5% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. On average, analysts anticipate that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal year.

Simon Property Group Dividend Announcement

The business also recently announced 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 currently 63.47%.

Analysts Set New Price Targets

Several research firms have weighed in on SPG. Wolfe Research cut Simon Property Group from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, June 30th. Stifel Nicolaus increased their target price on Simon Property Group from $194.00 to $209.00 and gave the stock a “hold” rating in a research report on Tuesday, August 11th. Barclays raised their target price on Simon Property Group from $213.00 to $215.00 and gave the company an “equal weight” rating in a research note on Monday. Citigroup lifted their price target on Simon Property Group from $205.00 to $230.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Evercore set a $215.00 price target on Simon Property Group in a research note on Tuesday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $222.87.

Simon Property Group 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.