First Trust Advisors LP Sells 16,364 Shares of Simon Property Group, Inc. $SPG

First Trust Advisors LP cut its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 10.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 147,036 shares of the real estate investment trust’s stock after selling 16,364 shares during the period. First Trust Advisors LP’s holdings in Simon Property Group were worth $27,427,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. CacheTech Inc. increased its stake in shares of Simon Property Group by 13.6% during the first quarter. CacheTech Inc. now owns 4,720 shares of the real estate investment trust’s stock worth $880,000 after purchasing an additional 565 shares during the period. ABN Amro Investment Solutions acquired a new position in Simon Property Group in the 1st quarter valued at $2,342,000. Oslo Pensjonsforsikring AS bought a new position in Simon Property Group during the 1st quarter worth $100,000. Andra AP fonden increased its position in Simon Property Group by 244.3% during the 1st quarter. Andra AP fonden now owns 101,562 shares of the real estate investment trust’s stock worth $18,944,000 after buying an additional 72,062 shares during the period. Finally, Convergence Investment Partners LLC lifted its holdings in shares of Simon Property Group by 13.1% during the first quarter. Convergence Investment Partners LLC now owns 9,712 shares of the real estate investment trust’s stock worth $1,812,000 after buying an additional 1,128 shares in the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Insider Buying and Selling at Simon Property Group

In other Simon Property Group news, Director Marta R. Stewart purchased 182 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The shares were bought at an average price of $223.16 per share, for a total transaction of $40,615.12. Following the purchase, the director owned 18,000 shares in the company, valued at approximately $4,016,880. This trade represents a 1.02% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary M. Rodkin purchased 256 shares of the stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average cost of $223.34 per share, with a total value of $57,175.04. Following the acquisition, the director directly owned 21,016 shares in the company, valued at $4,693,713.44. This represents a 1.23% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 2,387 shares of company stock worth $533,056 in the last three months. Company insiders own 8.73% of the company’s stock.

Simon Property Group Stock Up 2.3%

SPG stock opened at $237.01 on Wednesday. Simon Property Group, Inc. has a 52 week low of $159.70 and a 52 week high of $237.89. The business has a 50-day simple moving average of $217.27 and a 200 day simple moving average of $202.42. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 4.68. The company has a market cap of $76.86 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 2.99 and a beta of 1.29.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data 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. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior year, the company posted $2.95 earnings per share. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Sell-side analysts anticipate that Simon Property Group, Inc. will post 13.21 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were given a dividend of $2.25 per share. The ex-dividend date was Tuesday, June 9th. This represents a $9.00 annualized dividend and a dividend yield of 3.8%. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s dividend payout ratio (DPR) is 62.54%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Jefferies Financial Group upgraded shares of Simon Property Group to a “strong-buy” rating in a research note on Friday, June 26th. UBS Group boosted their price objective on shares of Simon Property Group from $199.00 to $222.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Wolfe Research lowered shares of Simon Property Group from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, June 30th. Barclays raised their target price on shares of Simon Property Group from $212.00 to $213.00 and gave the stock an “equal weight” rating in a report on Thursday, June 25th. Finally, Morgan Stanley lifted their price target on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $216.14.

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.