ORG Wealth Partners LLC Grows Stock Position in Simon Property Group, Inc. $SPG

ORG Wealth Partners LLC lifted its stake in Simon Property Group, Inc. (NYSE:SPG) by 4.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,975 shares of the real estate investment trust’s stock after buying an additional 121 shares during the period. ORG Wealth Partners LLC’s holdings in Simon Property Group were worth $489,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Simon Property Group by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 45,689,998 shares of the real estate investment trust’s stock worth $7,588,195,000 after purchasing an additional 267,503 shares during the period. Northern Trust Corp increased its stake in shares of Simon Property Group by 1.8% in the first quarter. Northern Trust Corp now owns 5,558,982 shares of the real estate investment trust’s stock worth $923,236,000 after buying an additional 96,126 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Simon Property Group by 3.0% in the first quarter. JPMorgan Chase & Co. now owns 4,852,195 shares of the real estate investment trust’s stock worth $805,853,000 after buying an additional 141,657 shares during the period. Nuveen LLC purchased a new position in shares of Simon Property Group in the first quarter valued at about $724,937,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Simon Property Group by 0.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,661,402 shares of the real estate investment trust’s stock valued at $608,086,000 after acquiring an additional 23,873 shares during the period. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Simon Property Group Stock Up 1.5%

SPG stock opened at $185.29 on Friday. Simon Property Group, Inc. has a fifty-two week low of $136.34 and a fifty-two week high of $190.13. The business’s 50 day moving average price is $174.72 and its two-hundred day moving average price is $164.72. The company has a debt-to-equity ratio of 9.05, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market capitalization of $60.50 billion, a price-to-earnings ratio of 28.64, a price-to-earnings-growth ratio of 11.06 and a beta of 1.50.

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

Simon Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 9th will be given a $2.15 dividend. The ex-dividend date of this dividend is Tuesday, September 9th. This represents a $8.60 dividend on an annualized basis and a dividend yield of 4.6%. This is a boost from Simon Property Group’s previous quarterly dividend of $2.10. Simon Property Group’s payout ratio is currently 132.92%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Evercore ISI restated an “in-line” rating and issued a $187.00 price objective (up previously from $183.00) on shares of Simon Property Group in a research report on Monday, September 15th. Mizuho reduced their price target on Simon Property Group from $182.00 to $169.00 and set a “neutral” rating on the stock in a report on Tuesday, June 10th. LADENBURG THALM/SH SH assumed coverage on Simon Property Group in a research note on Friday, July 18th. They set a “buy” rating and a $225.00 target price on the stock. Argus reissued a “buy” rating and set a $185.00 target price on shares of Simon Property Group in a research note on Friday, September 5th. Finally, Stifel Nicolaus cut Simon Property Group from a “buy” rating to a “hold” rating and set a $179.00 target price on the stock. in a research note on Tuesday, September 2nd. Four investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $186.46.

Insider Transactions at Simon Property Group

In other Simon Property Group news, Director Larry C. Glasscock acquired 396 shares of the business’s stock in a transaction on Monday, June 30th. The shares were acquired at an average price of $159.29 per share, for a total transaction of $63,078.84. Following the completion of the acquisition, the director owned 43,185 shares in the company, valued at $6,878,938.65. This trade represents a 0.93% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Reuben S. Leibowitz acquired 522 shares of the business’s stock in a transaction on Monday, June 30th. The stock was acquired at an average price of $159.29 per share, for a total transaction of $83,149.38. Following the acquisition, the director owned 58,195 shares of the company’s stock, valued at approximately $9,269,881.55. This trade represents a 0.91% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 2,428 shares of company stock worth $387,271. 8.66% of the stock is owned by insiders.

About Simon Property Group

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.