Strathmore Capital Advisors Inc. Purchases New Position in Simon Property Group, Inc. $SPG

Strathmore Capital Advisors Inc. purchased a new stake in Simon Property Group, Inc. (NYSE:SPG) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 3,808 shares of the real estate investment trust’s stock, valued at approximately $864,000. Simon Property Group comprises 0.2% of Strathmore Capital Advisors Inc.’s portfolio, making the stock its 28th largest holding.

Several other hedge funds have also recently bought and sold shares of the stock. Stance Capital LLC bought a new stake in shares of Simon Property Group during the third quarter worth approximately $26,000. Wilkerson Advisory Group LLC bought a new position in shares of Simon Property Group during the fourth quarter worth approximately $29,000. SHP Wealth Management bought a new position in shares of Simon Property Group during the fourth quarter worth approximately $34,000. Dynamic Wealth Strategies LLC lifted 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 purchasing an additional 139 shares during the last quarter. Finally, N.E.W. Advisory Services LLC lifted its holdings in Simon Property Group by 335.0% during the 2nd quarter. N.E.W. Advisory Services LLC now owns 174 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 134 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Glyn Aeppel acquired 243 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average price of $223.36 per share, with a total value of $54,276.48. Following the completion of the transaction, the director directly owned 21,067 shares of the company’s stock, valued at $4,705,525.12. This trade represents a 1.17% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary M. Rodkin acquired 256 shares of Simon Property Group stock in a transaction on Tuesday, June 30th. The shares were purchased at an average price of $223.34 per share, for a total transaction of $57,175.04. Following the completion of the purchase, the director directly owned 21,016 shares of the company’s stock, valued at approximately $4,693,713.44. This represents a 1.23% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 2,387 shares of company stock valued at $533,056 in the last ninety days. Insiders own 8.73% of the company’s stock.

Simon Property Group Stock Up 1.2%

NYSE SPG opened at $223.20 on Thursday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 5.19. The company has a market cap of $72.22 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 2.75 and a beta of 1.30. The company has a 50 day moving average of $222.96 and a 200-day moving average of $206.84. Simon Property Group, Inc. has a 1-year low of $172.19 and a 1-year high of $238.50.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.15). Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the company earned $1.70 EPS. The company’s quarterly revenue 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. On average, equities research analysts expect that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th will be issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, September 9th. Simon Property Group’s dividend payout ratio is 63.47%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SPG shares. Citigroup boosted their price target on Simon Property Group from $205.00 to $230.00 and gave the company a “neutral” rating in a research note on Monday. Jefferies Financial Group upgraded Simon Property Group to a “strong-buy” rating in a research report on Friday, June 26th. LADENBURG THALM/SH SH lifted their target price on Simon Property Group from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Evercore set a $215.00 target price on shares of Simon Property Group in a research report on Tuesday, July 7th. Finally, Piper Sandler upped their price target 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. Two research 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 company’s stock. According to data from MarketBeat.com, Simon Property Group currently has an average rating of “Hold” and a consensus target price of $222.87.

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.