Simplicity Wealth LLC Boosts Stock Position in Simon Property Group, Inc. $SPG

Simplicity Wealth LLC boosted its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 2,197.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,964 shares of the real estate investment trust’s stock after buying an additional 49,702 shares during the period. Simplicity Wealth LLC’s holdings in Simon Property Group were worth $11,622,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Stance Capital LLC purchased a new stake in shares of Simon Property Group in the third quarter worth $26,000. Wilkerson Advisory Group LLC purchased a new position in shares of Simon Property Group in the 4th quarter worth about $29,000. SHP Wealth Management purchased a new position in shares of Simon Property Group in the 4th quarter worth about $34,000. Dynamic Wealth Strategies LLC raised its position in shares of Simon Property Group by 195.8% in the 1st quarter. Dynamic Wealth Strategies LLC now owns 210 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 139 shares during the last quarter. Finally, N.E.W. Advisory Services LLC boosted its stake in Simon Property Group by 335.0% in the 2nd quarter. N.E.W. Advisory Services LLC now owns 174 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 134 shares in the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. LADENBURG THALM/SH SH increased their price objective on shares of Simon Property Group from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. 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 report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft downgraded shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 target price on the stock. in a research note on Thursday, July 9th. Scotiabank increased their price target on shares of Simon Property Group from $206.00 to $220.00 and gave the company a “sector perform” rating in a report on Thursday, June 18th. Finally, UBS Group raised their price target on shares of Simon Property Group from $199.00 to $222.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $221.07.

Insider Activity

In related news, Director Daniel C. Smith bought 372 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average price of $223.31 per share, for a total transaction of $83,071.32. Following the completion of the acquisition, the director owned 34,480 shares of the company’s stock, valued at $7,699,728.80. This trade represents a 1.09% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Larry C. Glasscock bought 397 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was bought at an average cost of $223.38 per share, with a total value of $88,681.86. Following the transaction, the director owned 45,902 shares in the company, valued at $10,253,588.76. This trade represents a 0.87% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought 2,387 shares of company stock valued at $533,056 over the last three months. Corporate insiders own 8.73% of the company’s stock.

Simon Property Group Trading Down 0.1%

Simon Property Group stock opened at $219.34 on Monday. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.05 and a quick ratio of 1.05. Simon Property Group, Inc. has a one year low of $171.22 and a one year high of $238.50. The stock has a market capitalization of $70.97 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 2.74 and a beta of 1.30. The business’s fifty day moving average is $222.30 and its 200 day moving average is $206.09.

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

Simon Property Group Dividend Announcement

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 paid a $2.25 dividend. The ex-dividend date 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 payout ratio is currently 63.47%.

About Simon Property Group

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.