Simon Property Group, Inc. $SPG Shares Acquired by Fulcrum Capital LLC

Fulcrum Capital LLC raised its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 3.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,692 shares of the real estate investment trust’s stock after purchasing an additional 85 shares during the period. Fulcrum Capital LLC’s holdings in Simon Property Group were worth $433,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Capital Advisors Inc. OK grew its holdings in shares of Simon Property Group by 0.5% during the second quarter. Capital Advisors Inc. OK now owns 393,756 shares of the real estate investment trust’s stock valued at $63,300,000 after buying an additional 2,064 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Simon Property Group by 31.1% during the first quarter. Farther Finance Advisors LLC now owns 3,325 shares of the real estate investment trust’s stock valued at $553,000 after buying an additional 789 shares during the last quarter. MinichMacGregor Wealth Management LLC purchased a new stake in shares of Simon Property Group during the second quarter valued at $283,000. Focus Partners Wealth grew its holdings in shares of Simon Property Group by 89.0% during the first quarter. Focus Partners Wealth now owns 114,156 shares of the real estate investment trust’s stock valued at $18,959,000 after buying an additional 53,764 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its holdings in Simon Property Group by 193.5% in the first quarter. Golden State Wealth Management LLC now owns 772 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 509 shares during the last quarter. 93.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Simon Property Group

In other news, Director Daniel C. Smith bought 335 shares of the stock in a transaction dated Tuesday, September 30th. The shares were acquired at an average cost of $185.95 per share, with a total value of $62,293.25. Following the purchase, the director directly owned 32,333 shares in the company, valued at $6,012,321.35. The trade was a 1.05% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gary M. Rodkin purchased 219 shares of Simon Property Group stock in a transaction that occurred on Tuesday, September 30th. The shares were bought at an average price of $185.95 per share, with a total value of $40,723.05. Following the transaction, the director owned 19,229 shares in the company, valued at approximately $3,575,632.55. The trade was a 1.15% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 2,163 shares of company stock worth $401,605. 8.66% of the stock is currently owned by company insiders.

Simon Property Group Trading Down 1.9%

SPG stock opened at $175.39 on Friday. The company’s 50-day simple moving average is $178.12 and its 200-day simple moving average is $165.96. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 9.05. Simon Property Group, Inc. has a 52-week low of $136.34 and a 52-week high of $190.13. The firm has a market cap of $57.26 billion, a P/E ratio of 27.11, a PEG ratio of 10.83 and a beta of 1.50.

Simon Property Group (NYSE:SPG) last posted its earnings results on Monday, August 4th. The real estate investment trust reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.01. Simon Property Group had a net margin of 36.78% and a return on equity of 72.38%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the prior year, the company posted $2.90 EPS. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. Simon Property Group has set its FY 2025 guidance at 12.450-12.650 EPS. As a group, equities analysts forecast that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 9th were paid a dividend of $2.15 per share. This represents a $8.60 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Tuesday, September 9th. This is an increase from Simon Property Group’s previous quarterly dividend of $2.10. Simon Property Group’s dividend payout ratio is currently 132.92%.

Analyst Ratings Changes

Several equities research analysts have commented on SPG shares. Stifel Nicolaus lowered shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $179.00 price target on the stock. in a report on Tuesday, September 2nd. Morgan Stanley upped their price target on shares of Simon Property Group from $170.00 to $180.00 and gave the company an “equal weight” rating in a report on Thursday, September 11th. Piper Sandler upped their price target on shares of Simon Property Group from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, September 18th. Evercore ISI reaffirmed an “in-line” rating and issued a $187.00 price target (up from $183.00) on shares of Simon Property Group in a report on Monday, September 15th. Finally, Argus reaffirmed a “buy” rating and issued a $185.00 price target on shares of Simon Property Group in a report on Friday, September 5th. Five research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $187.23.

Simon Property Group Profile

Simon Property Group, Inc (NYSE:SPG) is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc, the Operating Partnership, and its subsidiaries.