Sanctuary Advisors LLC Acquires New Position in Simon Property Group, Inc. $SPG

Sanctuary Advisors LLC acquired a new stake in Simon Property Group, Inc. (NYSE:SPG) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 34,761 shares of the real estate investment trust’s stock, valued at approximately $7,774,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Biondo Investment Advisors LLC purchased a new position in shares of Simon Property Group during the second quarter worth approximately $15,668,000. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of Simon Property Group in the second quarter valued at approximately $834,000. Haverford Trust Co bought a new position in Simon Property Group in the second quarter worth approximately $243,000. Bank of Nova Scotia bought a new position in Simon Property Group in the second quarter worth approximately $9,524,000. Finally, Elevation Point Wealth Partners LLC bought a new position in Simon Property Group in the second quarter worth approximately $2,272,000. 93.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SPG shares. UBS Group upped their target price on Simon Property Group from $199.00 to $222.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Barclays raised their price target on Simon Property Group from $213.00 to $215.00 and gave the company an “equal weight” rating in a research note on Monday, August 17th. Stifel Nicolaus lifted their price objective on Simon Property Group from $194.00 to $209.00 and gave the company a “hold” rating in a report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft lowered shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price objective for the company. in a research note on Thursday, July 9th. Finally, Morgan Stanley increased their target price on shares of Simon Property Group from $205.00 to $207.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 9th. Two equities research 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $223.00.

Simon Property Group Stock Up 1.1%

Shares of SPG stock opened at $220.66 on Tuesday. Simon Property Group, Inc. has a 1-year low of $172.19 and a 1-year 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 company 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. The stock’s fifty day moving average price is $223.18 and its 200 day moving average price is $207.46.

Simon Property Group (NYSE:SPG) last released its earnings results on Monday, August 10th. The real estate investment trust reported $1.49 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter last year, the business earned $1.70 earnings per share. The firm’s revenue for the quarter 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, research analysts expect that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

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 issued a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.1%. Simon Property Group’s dividend payout ratio is currently 63.47%.

Insider Activity at Simon Property Group

In related news, Director Larry C. Glasscock acquired 397 shares of Simon Property Group stock in a transaction on Tuesday, June 30th. The stock was acquired at an average price of $223.38 per share, for a total transaction of $88,681.86. Following the purchase, the director owned 45,902 shares of the company’s stock, valued at approximately $10,253,588.76. This represents a 0.87% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Reuben S. Leibowitz purchased 508 shares of Simon Property Group stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average price of $223.38 per share, with a total value of $113,477.04. Following the completion of the transaction, the director owned 55,797 shares of the company’s stock, valued at $12,463,933.86. This represents a 0.92% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 2,387 shares of company stock worth $533,056 in the last ninety days. 8.73% of the stock is owned by company insiders.

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.