Sigma Planning Corp Sells 2,995 Shares of Simon Property Group, Inc. $SPG

Sigma Planning Corp decreased its position in Simon Property Group, Inc. (NYSE:SPG) by 23.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,827 shares of the real estate investment trust’s stock after selling 2,995 shares during the quarter. Sigma Planning Corp’s holdings in Simon Property Group were worth $2,198,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in SPG. PFG Investments LLC increased its position in Simon Property Group by 2.2% during the first quarter. PFG Investments LLC now owns 2,341 shares of the real estate investment trust’s stock worth $437,000 after acquiring an additional 50 shares during the period. WPG Advisers LLC grew its position in 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 worth $40,000 after buying an additional 52 shares in the last quarter. Great Valley Advisor Group Inc. grew its position in Simon Property Group by 2.3% during 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 increased its stake in Simon Property Group by 1.2% during the 4th quarter. Veridan Wealth LLC now owns 4,563 shares of the real estate investment trust’s stock worth $845,000 after acquiring an additional 53 shares during the period. Finally, CYBER HORNET ETFs LLC increased its stake in Simon Property Group by 6.2% during the 4th quarter. CYBER HORNET ETFs LLC now owns 936 shares of the real estate investment trust’s stock worth $173,000 after acquiring an additional 55 shares during the period. Institutional investors own 93.01% of the company’s stock.

Insider Activity

In other Simon Property Group news, Director Glyn Aeppel bought 243 shares of Simon Property Group stock in a transaction on Tuesday, June 30th. The shares were purchased at an average cost of $223.36 per share, with a total value of $54,276.48. Following the acquisition, the director directly owned 21,067 shares of the company’s stock, valued at $4,705,525.12. The trade was a 1.17% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Marta R. Stewart purchased 182 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average cost of $223.16 per share, with a total value of $40,615.12. Following the purchase, the director directly owned 18,000 shares of the company’s stock, valued at approximately $4,016,880. The trade was a 1.02% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders purchased 2,387 shares of company stock worth $533,056. Company insiders own 8.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SPG shares. Citigroup upped their target price on Simon Property Group from $205.00 to $230.00 and gave the company a “neutral” rating in a research report on Monday, August 17th. Mizuho raised their price target on Simon Property Group from $211.00 to $226.00 and gave the stock a “neutral” rating in a research report on Thursday. Jefferies Financial Group raised Simon Property Group to a “strong-buy” rating in a research note on Friday, June 26th. Weiss Ratings raised shares of Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a research note on Monday, June 1st. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $225.27.

Simon Property Group Stock Performance

Shares of Simon Property Group stock opened at $212.38 on Tuesday. 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 debt-to-equity ratio of 5.19, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $68.72 billion, a P/E ratio of 14.98, a P/E/G ratio of 2.69 and a beta of 1.30. The company’s 50 day moving average price is $223.48 and its two-hundred day moving average price is $208.11.

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

Simon Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be given a dividend of $2.25 per share. The ex-dividend date is Wednesday, September 9th. This represents a $9.00 annualized dividend and a yield of 4.2%. Simon Property Group’s dividend payout ratio (DPR) is currently 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.