2,900 Shares in Simon Property Group, Inc. $SPG Purchased by CTC Alternative Strategies Ltd.

CTC Alternative Strategies Ltd. purchased a new stake in shares of Simon Property Group, Inc. (NYSE:SPG) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,900 shares of the real estate investment trust’s stock, valued at approximately $541,000. Simon Property Group makes up 1.2% of CTC Alternative Strategies Ltd.’s portfolio, making the stock its 27th biggest position.

Other large investors also recently bought and sold shares of the company. PFG Investments LLC boosted its position in Simon Property Group by 2.2% in the 1st quarter. PFG Investments LLC now owns 2,341 shares of the real estate investment trust’s stock worth $437,000 after purchasing an additional 50 shares in the last quarter. Great Valley Advisor Group Inc. increased its holdings in shares of Simon Property Group by 2.3% during the 4th quarter. Great Valley Advisor Group Inc. now owns 2,360 shares of the real estate investment trust’s stock valued at $437,000 after purchasing an additional 52 shares in the last quarter. Veridan Wealth LLC increased its holdings in shares of Simon Property Group by 1.2% during the 4th quarter. Veridan Wealth LLC now owns 4,563 shares of the real estate investment trust’s stock valued at $845,000 after purchasing an additional 53 shares in the last quarter. CYBER HORNET ETFs LLC lifted its stake in shares of Simon Property Group by 6.2% in the 4th quarter. CYBER HORNET ETFs LLC now owns 936 shares of the real estate investment trust’s stock valued at $173,000 after purchasing an additional 55 shares during the period. Finally, Centaurus Financial Inc. lifted its stake in shares of Simon Property Group by 5.4% in the 1st quarter. Centaurus Financial Inc. now owns 1,089 shares of the real estate investment trust’s stock valued at $203,000 after purchasing an additional 56 shares during the period. 93.01% of the stock is owned by institutional investors and hedge funds.

Simon Property Group Trading Down 0.3%

Shares of NYSE:SPG opened at $229.84 on Friday. The business’s 50 day moving average price is $218.91 and its 200-day moving average price is $203.28. Simon Property Group, Inc. has a 1 year low of $159.70 and a 1 year high of $238.50. The firm has a market capitalization of $74.54 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 2.98 and a beta of 1.29. 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 EPS for the quarter, topping the consensus estimate of $1.46 by $0.02. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.54 billion. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The firm’s revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.95 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. On average, equities research analysts forecast that Simon Property Group, Inc. will post 13.21 earnings per share for the current fiscal 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 3.9%. The ex-dividend date of this dividend was Tuesday, June 9th. Simon Property Group’s dividend payout ratio is presently 62.54%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SPG. Morgan Stanley increased their price target on shares of Simon Property Group from $205.00 to $207.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 9th. Citigroup lifted their price objective on shares of Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Weiss Ratings upgraded shares of Simon Property Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, July 14th. Bank of America increased their target price on shares of Simon Property Group from $225.00 to $236.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Finally, Scotiabank raised their target price on Simon Property Group from $206.00 to $220.00 and gave the company a “sector perform” rating in a research report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $216.14.

Insider Activity

In related news, Director Gary M. Rodkin purchased 256 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average cost of $223.34 per share, with a total value of $57,175.04. Following the purchase, the director owned 21,016 shares of the company’s stock, valued at $4,693,713.44. This represents a 1.23% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Reuben S. Leibowitz acquired 508 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average price of $223.38 per share, for a total transaction of $113,477.04. Following the completion of the acquisition, the director owned 55,797 shares in the company, valued at $12,463,933.86. The trade was a 0.92% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have acquired 2,387 shares of company stock worth $533,056. Company insiders own 8.73% of the company’s stock.

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.