Simon Property Group, Inc. $SPG Shares Sold by Burney Co.

Burney Co. decreased its position in Simon Property Group, Inc. (NYSE:SPG) by 13.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,432 shares of the real estate investment trust’s stock after selling 3,462 shares during the quarter. Burney Co.’s holdings in Simon Property Group were worth $3,998,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in shares of Simon Property Group in the fourth quarter valued at approximately $295,000. Marshall Wace LLP boosted its position in Simon Property Group by 316.2% during the second quarter. Marshall Wace LLP now owns 19,787 shares of the real estate investment trust’s stock worth $3,181,000 after acquiring an additional 15,033 shares during the last quarter. Jump Financial LLC boosted its position in Simon Property Group by 80.1% during the second quarter. Jump Financial LLC now owns 16,881 shares of the real estate investment trust’s stock worth $2,714,000 after acquiring an additional 7,506 shares during the last quarter. Cerity Partners LLC grew its stake in Simon Property Group by 1.7% in the 2nd quarter. Cerity Partners LLC now owns 35,740 shares of the real estate investment trust’s stock worth $5,745,000 after acquiring an additional 598 shares during the period. Finally, NewEdge Advisors LLC grew its stake in Simon Property Group by 13.4% in the 2nd quarter. NewEdge Advisors LLC now owns 28,444 shares of the real estate investment trust’s stock worth $4,573,000 after acquiring an additional 3,372 shares during the period. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Simon Property Group Price Performance

SPG stock opened at $227.37 on Wednesday. The company has a market cap of $73.73 billion, a PE ratio of 15.80, a price-to-earnings-growth ratio of 4.07 and a beta of 1.29. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68. The stock has a 50-day moving average price of $210.26 and a two-hundred day moving average price of $198.26. Simon Property Group, Inc. has a 12-month low of $159.33 and a 12-month high of $229.59.

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

Simon Property Group Increases Dividend

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

Insider Activity at Simon Property Group

In related news, Director Larry C. Glasscock purchased 397 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average cost of $223.38 per share, for a total transaction of $88,681.86. Following the acquisition, the director owned 45,902 shares in the company, valued at approximately $10,253,588.76. This trade represents a 0.87% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary M. Rodkin acquired 256 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was bought at an average cost of $223.34 per share, for a total transaction of $57,175.04. Following the completion of the transaction, the director directly owned 21,016 shares of the company’s stock, valued at $4,693,713.44. This trade represents a 1.23% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 2,387 shares of company stock valued at $533,056 over the last quarter. Company insiders own 8.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Wolfe Research cut Simon Property Group from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 30th. Jefferies Financial Group upgraded Simon Property Group to a “strong-buy” rating in a research note on Friday, June 26th. JPMorgan Chase & Co. raised their price target on Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a research note on Monday, June 1st. UBS Group set a $220.00 price target on Simon Property Group in a report on Thursday, June 18th. Finally, Weiss Ratings downgraded shares of 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 given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $211.93.

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.