3,508 Shares in Simon Property Group, Inc. $SPG Acquired by L2 Asset Management LLC

L2 Asset Management LLC bought a new stake in Simon Property Group, Inc. (NYSE:SPG) in the 2nd quarter, Holdings Channel.com reports. The fund bought 3,508 shares of the real estate investment trust’s stock, valued at approximately $785,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPG. Stance Capital LLC acquired a new position in Simon Property Group during the third quarter worth $26,000. Osbon Capital Management LLC acquired a new stake in shares of Simon Property Group in the second quarter valued at $32,000. Wilkerson Advisory Group LLC acquired a new stake in shares of Simon Property Group in the fourth quarter valued at $29,000. N.E.W. Advisory Services LLC raised its holdings in shares of Simon Property Group by 335.0% in the 2nd quarter. N.E.W. Advisory Services LLC now owns 174 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 134 shares during the period. Finally, WPG Advisers LLC raised its holdings in shares of 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 buying an additional 52 shares during the period. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Insider Activity

In other news, Director Glyn Aeppel bought 243 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average price of $223.36 per share, for a total transaction of $54,276.48. Following the completion of the purchase, the director owned 21,067 shares in the company, valued at approximately $4,705,525.12. This trade represents a 1.17% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Larry C. Glasscock bought 397 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average cost of $223.38 per share, for a total transaction of $88,681.86. Following the acquisition, the director directly owned 45,902 shares of the company’s stock, valued at $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 quarter, insiders have acquired 2,387 shares of company stock valued at $533,056. Insiders own 8.73% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SPG shares. Citigroup increased their target price on Simon Property Group from $205.00 to $230.00 and gave the stock a “neutral” rating in a research note on Monday, August 17th. LADENBURG THALM/SH SH boosted their price target on shares of Simon Property Group from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft cut shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price target on the stock. in a research report on Thursday, July 9th. Evercore set a $215.00 price objective on shares of Simon Property Group in a research note on Tuesday, July 7th. Finally, Wolfe Research cut shares of Simon Property Group from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 30th. Two investment 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’s stock. According to MarketBeat.com, Simon Property Group has a consensus rating of “Hold” and an average price target of $223.00.

Simon Property Group Stock Up 1.1%

Shares of NYSE:SPG opened at $220.66 on Tuesday. The firm’s 50 day moving average price is $223.18 and its 200 day moving average price is $207.46. The stock has a market cap of $71.40 billion, a price-to-earnings ratio of 15.56, a price-to-earnings-growth ratio of 2.72 and a beta of 1.30. Simon Property Group, Inc. has a fifty-two week low of $172.19 and a fifty-two week high of $238.50. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.19.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $1.49 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same quarter last year, the firm earned $1.70 EPS. The company’s revenue was up 19.5% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. As a group, equities research analysts predict that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

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

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.