Fox Run Management L.L.C. Acquires Shares of 4,252 Simon Property Group, Inc. $SPG

Fox Run Management L.L.C. bought a new position in Simon Property Group, Inc. (NYSE:SPG) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,252 shares of the real estate investment trust’s stock, valued at approximately $951,000.

A number of other large investors have also modified their holdings of the stock. Stance Capital LLC acquired a new position in Simon Property Group during the 3rd quarter worth approximately $26,000. Wilkerson Advisory Group LLC acquired a new stake in Simon Property Group in the fourth quarter valued at approximately $29,000. SHP Wealth Management acquired a new stake in Simon Property Group in the fourth quarter valued at approximately $34,000. Dynamic Wealth Strategies LLC grew 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 acquiring 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% during the fourth quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 111 shares during the period. Institutional investors and hedge funds own 93.01% of the company’s stock.

Simon Property Group Stock Down 1.0%

SPG stock opened at $219.34 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 5.19. The firm has a 50 day simple moving average of $222.30 and a 200-day simple moving average of $205.94. The company has a market capitalization of $71.13 billion, a P/E ratio of 15.47, a PEG ratio of 2.86 and a beta of 1.30. Simon Property Group, Inc. has a twelve month low of $171.22 and a twelve month high of $238.50.

Simon Property Group (NYSE:SPG) last posted 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). Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the company earned $1.70 earnings per share. 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. On average, 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th will be paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Wednesday, September 9th. Simon Property Group’s dividend payout ratio is 63.47%.

Analysts Set New Price Targets

SPG has been the subject of several analyst reports. LADENBURG THALM/SH SH upped their target price on shares of Simon Property Group from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Tuesday. Wolfe Research downgraded shares of Simon Property Group from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 30th. Piper Sandler boosted their price objective on shares of Simon Property Group from $230.00 to $285.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Evercore set a $215.00 price objective on shares of Simon Property Group in a research report on Tuesday, July 7th. Finally, Morgan Stanley raised their target price on Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 9th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $221.07.

Insider Buying and Selling at Simon Property Group

In other news, Director Larry C. Glasscock acquired 397 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were purchased at an average price of $223.38 per share, for a total transaction of $88,681.86. Following the completion of the purchase, the director directly owned 45,902 shares of the company’s stock, valued at $10,253,588.76. This represents a 0.87% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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, for a total transaction of $54,276.48. Following the acquisition, the director owned 21,067 shares in the company, valued at $4,705,525.12. The trade was a 1.17% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 2,387 shares of company stock valued at $533,056. Corporate insiders own 8.73% of the company’s stock.

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.