Trust Co. of Vermont Purchases Shares of 4,674 Simon Property Group, Inc. $SPG

Trust Co. of Vermont acquired a new stake in Simon Property Group, Inc. (NYSE:SPG) in the second quarter, HoldingsChannel reports. The institutional investor acquired 4,674 shares of the real estate investment trust’s stock, valued at approximately $1,045,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC bought a new position in Simon Property Group during the fourth quarter worth about $295,000. Marshall Wace LLP boosted its holdings 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 valued at $3,181,000 after purchasing an additional 15,033 shares in the last quarter. Jump Financial LLC grew its stake in shares of Simon Property Group by 80.1% in the 2nd quarter. Jump Financial LLC now owns 16,881 shares of the real estate investment trust’s stock valued at $2,714,000 after purchasing an additional 7,506 shares during the period. Cerity Partners LLC grew its stake in shares of 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 valued at $5,745,000 after purchasing an additional 598 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in shares of 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 buying an additional 3,372 shares in the last quarter. 93.01% of the stock is owned by institutional investors.

Simon Property Group Trading Down 0.3%

SPG stock opened at $221.07 on Wednesday. The business has a fifty day moving average price of $222.76 and a 200 day moving average price of $206.61. Simon Property Group, Inc. has a fifty-two week low of $172.09 and a fifty-two week high of $238.50. The stock has a market capitalization of $71.53 billion, a price-to-earnings ratio of 15.59, a P/E/G ratio of 2.74 and a beta of 1.30. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.05 and a quick ratio of 1.05.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.15). Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the firm posted $1.70 EPS. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Analysts expect that Simon Property Group, Inc. will post 13.2 EPS for the current fiscal year.

Simon Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be paid a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.1%. Simon Property Group’s payout ratio is currently 63.47%.

Insider Activity at Simon Property Group

In related news, Director Daniel C. Smith acquired 372 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average price of $223.31 per share, for a total transaction of $83,071.32. Following the transaction, the director directly owned 34,480 shares of the company’s stock, valued at approximately $7,699,728.80. This trade represents a 1.09% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Reuben S. Leibowitz acquired 508 shares of Simon Property Group stock in a transaction on Tuesday, June 30th. The shares were purchased at an average cost of $223.38 per share, for a total transaction of $113,477.04. Following the acquisition, the director owned 55,797 shares in the company, valued at approximately $12,463,933.86. This represents a 0.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 2,387 shares of company stock valued at $533,056 in the last three months. 8.73% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SPG has been the topic of several recent analyst reports. LADENBURG THALM/SH SH boosted their price target on Simon Property Group from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Wolfe Research lowered Simon Property Group from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 30th. Morgan Stanley lifted their price objective on Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a report on Tuesday, June 9th. Piper Sandler boosted their target price on shares of Simon Property Group from $230.00 to $285.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Finally, Citigroup upped their target price on shares of Simon Property Group from $205.00 to $230.00 and gave the stock a “neutral” rating in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Simon Property Group has a consensus rating of “Hold” and a consensus price target of $222.87.

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.