Simon Property Group, Inc. $SPG Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP grew its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 16.2% during the first quarter, HoldingsChannel reports. The firm owned 192,863 shares of the real estate investment trust’s stock after buying an additional 26,901 shares during the period. Quantinno Capital Management LP’s holdings in Simon Property Group were worth $35,975,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Stance Capital LLC bought a new stake in shares of Simon Property Group in the third quarter worth $26,000. Wilkerson Advisory Group LLC bought a new position in Simon Property Group during the 4th quarter valued at $29,000. SHP Wealth Management acquired a new position in Simon Property Group during the 4th quarter worth $34,000. Dynamic Wealth Strategies LLC grew its holdings in Simon Property Group by 195.8% during the 1st quarter. Dynamic Wealth Strategies LLC now owns 210 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 139 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its position in shares of Simon Property Group by 79.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 111 shares during the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Daniel C. Smith purchased 372 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average price of $223.31 per share, with a total value of $83,071.32. Following the acquisition, the director owned 34,480 shares in the company, valued at approximately $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 acquired 397 shares of Simon Property Group stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average price of $223.38 per share, with a total value of $88,681.86. Following the transaction, the director directly 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 disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 2,387 shares of company stock valued at $533,056 over the last 90 days. 8.73% of the stock is owned by corporate insiders.

Simon Property Group Stock Down 2.3%

Shares of NYSE:SPG opened at $230.17 on Friday. The company’s fifty day moving average is $218.40 and its two-hundred day moving average is $203.10. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.84 and a current ratio of 0.84. Simon Property Group, Inc. has a 1-year low of $159.70 and a 1-year high of $238.50. The stock has a market capitalization of $74.64 billion, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of 3.04 and a beta of 1.29.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 EPS for the quarter, beating the consensus estimate 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 business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the previous year, the business posted $2.95 EPS. The company’s quarterly revenue 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. Equities analysts anticipate 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. Shareholders of record on Tuesday, June 9th were paid a $2.25 dividend. The ex-dividend date was Tuesday, June 9th. 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 yield of 3.9%. Simon Property Group’s payout ratio is presently 62.54%.

Wall Street Analysts Forecast Growth

SPG has been the topic of a number of recent analyst reports. Evercore set a $215.00 target price on shares of Simon Property Group in a research note on Tuesday, July 7th. UBS Group lifted their price target on Simon Property Group from $199.00 to $222.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Stifel Nicolaus boosted their price objective on Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a report on Tuesday, May 12th. Bank of America upped their price objective on Simon Property Group from $225.00 to $236.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Finally, Citigroup lifted their target price on Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $216.14.

Simon Property Group Company 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.