Capital Advisors Inc. OK Sells 2,522 Shares of Simon Property Group, Inc. $SPG

Capital Advisors Inc. OK lessened its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 0.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 412,689 shares of the real estate investment trust’s stock after selling 2,522 shares during the period. Simon Property Group comprises about 1.4% of Capital Advisors Inc. OK’s holdings, making the stock its 19th biggest position. Capital Advisors Inc. OK owned about 0.13% of Simon Property Group worth $92,298,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. PFG Investments LLC grew its position in shares of Simon Property Group by 2.2% during the 1st quarter. PFG Investments LLC now owns 2,341 shares of the real estate investment trust’s stock valued at $437,000 after acquiring an additional 50 shares during the period. WPG Advisers LLC increased its stake in shares of Simon Property Group by 40.3% during the 2nd quarter. WPG Advisers LLC now owns 181 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 52 shares during the last quarter. Great Valley Advisor Group Inc. raised its holdings in shares of Simon Property Group by 2.3% in the 4th quarter. Great Valley Advisor Group Inc. now owns 2,360 shares of the real estate investment trust’s stock worth $437,000 after purchasing an additional 52 shares during the period. Veridan Wealth LLC raised its holdings in shares of Simon Property Group by 1.2% in the 4th quarter. Veridan Wealth LLC now owns 4,563 shares of the real estate investment trust’s stock worth $845,000 after purchasing an additional 53 shares during the period. Finally, CYBER HORNET ETFs LLC lifted its stake in Simon Property Group by 6.2% in the fourth quarter. CYBER HORNET ETFs LLC now owns 936 shares of the real estate investment trust’s stock valued at $173,000 after purchasing an additional 55 shares during the last quarter. Institutional investors own 93.01% of the company’s stock.

Wall Street Analyst Weigh In

SPG has been the subject of several recent research reports. Morgan Stanley lifted their price objective on Simon Property Group from $205.00 to $207.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 9th. Bank of America upped their price objective on shares of Simon Property Group from $225.00 to $236.00 and gave the company a “buy” rating in a report on Monday, June 29th. Weiss Ratings upgraded shares of Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, August 12th. Stifel Nicolaus lifted their target price on shares of Simon Property Group from $194.00 to $209.00 and gave the stock a “hold” rating in a research note on Tuesday, August 11th. Finally, Citigroup boosted their price target on shares of Simon Property Group from $205.00 to $230.00 and gave the company a “neutral” rating in a research report on Monday, August 17th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $225.27.

Insider Transactions at Simon Property Group

In other news, Director Glyn Aeppel purchased 243 shares of the stock in a transaction dated 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 completion of the acquisition, the director owned 21,067 shares in the company, valued at $4,705,525.12. This represents a 1.17% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Marta R. Stewart acquired 182 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average price of $223.16 per share, with a total value of $40,615.12. Following the completion of the transaction, the director directly owned 18,000 shares of the company’s stock, valued at $4,016,880. This trade represents a 1.02% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders bought 2,387 shares of company stock valued at $533,056. Company insiders own 8.73% of the company’s stock.

Simon Property Group Price Performance

Simon Property Group stock opened at $214.65 on Friday. The firm has a market capitalization of $69.45 billion, a P/E ratio of 15.14, a PEG ratio of 2.67 and a beta of 1.30. Simon Property Group, Inc. has a one year low of $172.19 and a one 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 business has a fifty day moving average price of $223.52 and a 200-day moving average price of $207.92.

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

Simon Property Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders 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 dividend yield of 4.2%. Simon Property Group’s dividend payout ratio 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.