Jones Financial Companies Lllp Purchases Shares of 36,637 Simon Property Group, Inc. $SPG

Jones Financial Companies Lllp acquired a new position in shares of Simon Property Group, Inc. (NYSE:SPG) in the 2nd quarter, HoldingsChannel reports. The fund acquired 36,637 shares of the real estate investment trust’s stock, valued at approximately $8,194,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stance Capital LLC acquired a new stake in Simon Property Group during the third quarter worth approximately $26,000. Wilkerson Advisory Group LLC acquired a new stake in Simon Property Group during the 4th quarter worth $29,000. Osbon Capital Management LLC purchased a new stake in Simon Property Group in the second quarter valued at $32,000. SHP Wealth Management acquired a new position in Simon Property Group in the fourth quarter valued at $34,000. Finally, Fiduciary Financial Advisors purchased a new position in shares of Simon Property Group during the second quarter worth about $34,000. 93.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Evercore set a $215.00 target price on Simon Property Group in a report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft cut Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price objective for the company. in a research note on Thursday, July 9th. Truist Financial raised their target price on shares of Simon Property Group from $196.00 to $215.00 and gave the stock a “hold” rating in a research report on Tuesday, June 23rd. Scotiabank lifted their target price on shares of Simon Property Group from $220.00 to $222.00 and gave the company a “sector perform” rating in a report on Thursday. Finally, 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 research note on Tuesday, June 9th. Two investment 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $223.00.

Simon Property Group Trading Up 1.1%

NYSE:SPG opened at $220.66 on Tuesday. Simon Property Group, Inc. has a 12-month low of $172.19 and a 12-month high of $238.50. 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 stock’s 50 day simple moving average is $223.18 and its 200-day simple moving average is $207.46. The firm has a market cap of $71.40 billion, a P/E ratio of 15.56, a PEG ratio of 2.72 and a beta of 1.30.

Simon Property Group (NYSE:SPG) last announced 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). The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.70 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Equities analysts anticipate that Simon Property Group, Inc. will post 13.2 EPS for the current year.

Simon Property Group Dividend Announcement

The firm also recently disclosed 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. This represents a $9.00 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, September 9th. Simon Property Group’s payout ratio is currently 63.47%.

Insider Activity at Simon Property Group

In other Simon Property Group news, Director Daniel C. Smith acquired 372 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average price of $223.31 per share, with a total value of $83,071.32. Following the completion of the acquisition, the director directly owned 34,480 shares of the company’s stock, valued at approximately $7,699,728.80. The trade was a 1.09% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Larry C. Glasscock acquired 397 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was acquired 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 of the company’s stock, valued at $10,253,588.76. This represents a 0.87% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 2,387 shares of company stock worth $533,056 in the last three months. 8.73% of the stock is currently owned by corporate insiders.

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.