Moran Wealth Management LLC Decreases Position in Simon Property Group, Inc. $SPG

Moran Wealth Management LLC reduced its position in Simon Property Group, Inc. (NYSE:SPG) by 29.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,321 shares of the real estate investment trust’s stock after selling 3,853 shares during the period. Moran Wealth Management LLC’s holdings in Simon Property Group were worth $1,739,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PFG Investments LLC lifted its position in Simon Property Group by 2.2% during the first quarter. PFG Investments LLC now owns 2,341 shares of the real estate investment trust’s stock valued at $437,000 after purchasing an additional 50 shares during the period. Turtle Creek Wealth Advisors LLC lifted its holdings in Simon Property Group by 14.2% in the first quarter. Turtle Creek Wealth Advisors LLC now owns 2,944 shares of the real estate investment trust’s stock valued at $549,000 after acquiring an additional 366 shares during the period. Y Intercept Hong Kong Ltd lifted its holdings in Simon Property Group by 134.6% in the first quarter. Y Intercept Hong Kong Ltd now owns 46,075 shares of the real estate investment trust’s stock valued at $8,594,000 after acquiring an additional 26,433 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Simon Property Group by 73.6% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 103,217 shares of the real estate investment trust’s stock worth $19,253,000 after purchasing an additional 43,750 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC boosted its holdings in shares of Simon Property Group by 381.9% in the first quarter. Elevation Point Wealth Partners LLC now owns 9,999 shares of the real estate investment trust’s stock worth $1,865,000 after buying an additional 7,924 shares during the last quarter. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Stock Down 0.1%

Shares of NYSE:SPG opened at $225.77 on Monday. The firm has a market capitalization of $73.21 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 4.09 and a beta of 1.29. The business has a 50 day simple moving average of $209.31 and a two-hundred day simple moving average of $197.66. Simon Property Group, Inc. has a 1 year low of $159.33 and a 1 year high of $228.57. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.54 billion. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.Simon Property Group’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period last year, the company earned $2.95 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. On average, equities analysts predict that Simon Property Group, Inc. will post 13.21 EPS for the current year.

Simon Property Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were paid a dividend of $2.25 per share. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Tuesday, June 9th. Simon Property Group’s payout ratio is presently 62.54%.

Insider Activity

In related news, Director Glyn Aeppel acquired 243 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average price of $223.36 per share, for a total transaction of $54,276.48. Following the acquisition, the director directly owned 21,067 shares of the company’s stock, valued at $4,705,525.12. This represents a 1.17% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Marta R. Stewart acquired 182 shares of the stock in a transaction on Tuesday, June 30th. The stock was bought at an average cost of $223.16 per share, with a total value of $40,615.12. Following the completion of the transaction, the director owned 18,000 shares in the company, valued at $4,016,880. This trade represents a 1.02% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders bought 2,387 shares of company stock valued at $533,056. Insiders own 8.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SPG shares. UBS Group set a $220.00 price target on Simon Property Group in a report on Thursday, June 18th. Bank of America lifted their target price on shares of Simon Property Group from $225.00 to $236.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Jefferies Financial Group upgraded Simon Property Group to a “strong-buy” rating in a research note on Friday, June 26th. Morgan Stanley boosted their price objective on Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 9th. Finally, Weiss Ratings lowered Simon Property Group from a “buy (a-)” rating to a “buy (b)” rating in a research note on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $211.47.

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.