Tocqueville Asset Management L.P. Buys Shares of 14,314 Simon Property Group, Inc. $SPG

Tocqueville Asset Management L.P. purchased a new stake in shares of Simon Property Group, Inc. (NYSE:SPG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 14,314 shares of the real estate investment trust’s stock, valued at approximately $3,201,000.

Other hedge funds have also modified their holdings of the company. Stance Capital LLC purchased a new position in Simon Property Group in the third quarter valued at about $26,000. Wilkerson Advisory Group LLC acquired a new position in Simon Property Group in the 4th quarter worth about $29,000. SHP Wealth Management purchased a new stake in shares of Simon Property Group during the 4th quarter worth about $34,000. Dynamic Wealth Strategies LLC lifted its holdings in shares of 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 valued at $39,000 after buying an additional 139 shares during the last quarter. Finally, N.E.W. Advisory Services LLC lifted its holdings in shares of 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 valued at $39,000 after buying an additional 134 shares during the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Stifel Nicolaus increased their price objective on Simon Property Group from $194.00 to $209.00 and gave the stock a “hold” rating in a report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft cut shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 target price for the company. in a research note on Thursday, July 9th. Morgan Stanley boosted their target price on shares of Simon Property Group from $205.00 to $207.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 9th. Evercore set a $215.00 price target on shares of Simon Property Group in a research note on Tuesday, July 7th. Finally, Citigroup raised their price target on shares of Simon Property Group from $205.00 to $230.00 and gave the company a “neutral” rating in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $223.00.

Simon Property Group Stock Down 1.3%

Simon Property Group stock opened at $220.33 on Friday. 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, Inc. has a fifty-two week low of $172.19 and a fifty-two week high of $238.50. The firm has a fifty day moving average price of $223.07 and a two-hundred day moving average price of $207.05. The firm has a market cap of $71.29 billion, a price-to-earnings ratio of 15.54, a P/E/G ratio of 2.78 and a beta of 1.30.

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

Simon Property Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be issued 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 yield of 4.1%. Simon Property Group’s dividend payout ratio is 63.47%.

Insider Transactions at Simon Property Group

In other news, Director Marta R. Stewart acquired 182 shares of Simon Property Group stock in a transaction on Tuesday, June 30th. The stock was bought at an average price of $223.16 per share, for a total transaction of $40,615.12. Following the transaction, the director owned 18,000 shares of the company’s stock, valued at $4,016,880. The trade was a 1.02% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gary M. Rodkin acquired 256 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average cost of $223.34 per share, for a total transaction 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. The SEC filing for this purchase provides additional information. Over the last quarter, insiders purchased 2,387 shares of company stock worth $533,056. 8.73% of the stock is currently owned by insiders.

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.