Edgestream Partners L.P. Has $4.18 Million Stock Position in Simon Property Group, Inc. $SPG

Edgestream Partners L.P. reduced its holdings in Simon Property Group, Inc. (NYSE:SPG) by 48.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 22,429 shares of the real estate investment trust’s stock after selling 21,234 shares during the period. Edgestream Partners L.P.’s holdings in Simon Property Group were worth $4,184,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Stance Capital LLC acquired a new stake in shares of Simon Property Group in the third quarter worth $26,000. Wilkerson Advisory Group LLC acquired a new position in Simon Property Group during the fourth quarter worth $29,000. SHP Wealth Management acquired a new stake in shares of Simon Property Group during the 4th quarter worth about $34,000. Dynamic Wealth Strategies LLC boosted its position in Simon Property Group by 195.8% in the first quarter. Dynamic Wealth Strategies LLC now owns 210 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 139 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its stake in shares of Simon Property Group by 79.3% in the fourth quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 111 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Simon Property Group

In other news, Director Larry C. Glasscock acquired 397 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was purchased at an average cost of $223.38 per share, with a total value of $88,681.86. Following the acquisition, the director owned 45,902 shares of the company’s stock, valued at $10,253,588.76. This trade represents a 0.87% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel C. Smith bought 372 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were acquired at an average price of $223.31 per share, for a total transaction of $83,071.32. Following the completion of the transaction, the director owned 34,480 shares in the company, valued at approximately $7,699,728.80. This trade represents a 1.09% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders acquired 2,387 shares of company stock valued at $533,056. 8.73% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SPG. Piper Sandler boosted their target price on Simon Property Group from $230.00 to $285.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft lowered Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price objective on the stock. in a research note on Thursday, July 9th. Jefferies Financial Group upgraded Simon Property Group to a “strong-buy” rating in a research note on Friday, June 26th. Truist Financial lifted their price target on Simon Property Group from $196.00 to $215.00 and gave the company a “hold” rating in a report on Tuesday, June 23rd. Finally, Wolfe Research downgraded shares of Simon Property Group from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $216.14.

Simon Property Group Stock Down 0.3%

NYSE:SPG opened at $229.84 on Friday. The company has a market cap of $74.54 billion, a price-to-earnings ratio of 15.97, a P/E/G ratio of 2.98 and a beta of 1.29. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.84 and a current ratio of 0.84. The stock’s fifty day moving average price is $218.91 and its two-hundred day moving average price is $203.28. Simon Property Group, Inc. has a 52-week low of $159.70 and a 52-week high of $238.50.

Simon Property Group (NYSE:SPG) last released its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 EPS for the quarter, beating the consensus estimate of $1.46 by $0.02. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The business’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period last year, the firm earned $2.95 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. On average, analysts anticipate that Simon Property Group, Inc. will post 13.21 EPS for the current year.

Simon Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were given a $2.25 dividend. The ex-dividend date was Tuesday, June 9th. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 dividend on an annualized basis and a yield of 3.9%. Simon Property Group’s dividend payout ratio is 62.54%.

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.