Vontobel Holding Ltd. Cuts Stock Holdings in Simon Property Group, Inc. $SPG

Vontobel Holding Ltd. lowered its position in Simon Property Group, Inc. (NYSE:SPG) by 30.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,645 shares of the real estate investment trust’s stock after selling 2,472 shares during the period. Vontobel Holding Ltd.’s holdings in Simon Property Group were worth $1,263,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in SPG. PFG Investments LLC increased its position in Simon Property Group by 2.2% during 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 during the period. Great Valley Advisor Group Inc. lifted its holdings in shares of Simon Property Group by 2.3% in 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 buying an additional 52 shares during the period. Veridan Wealth LLC lifted its holdings in shares of Simon Property Group by 1.2% in the 4th quarter. Veridan Wealth LLC now owns 4,563 shares of the real estate investment trust’s stock valued at $845,000 after buying an additional 53 shares during the period. CYBER HORNET ETFs LLC boosted its stake in shares of Simon Property Group by 6.2% in the fourth quarter. CYBER HORNET ETFs LLC now owns 936 shares of the real estate investment trust’s stock valued at $173,000 after buying an additional 55 shares in the last quarter. Finally, Centaurus Financial Inc. boosted its stake in shares of Simon Property Group by 5.4% in the first quarter. Centaurus Financial Inc. now owns 1,089 shares of the real estate investment trust’s stock valued at $203,000 after buying an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SPG. Citigroup upped their price objective on Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Stifel Nicolaus boosted their target price on shares of Simon Property Group from $194.00 to $209.00 and gave the stock a “hold” rating in a research report on Tuesday. LADENBURG THALM/SH SH boosted their target price on shares of Simon Property Group from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. upped their price target on shares of Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a research note on Monday, June 1st. Finally, Barclays increased their price target on shares of Simon Property Group from $212.00 to $213.00 and gave the company an “equal weight” rating in a report on Thursday, June 25th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, Simon Property Group has an average rating of “Hold” and an average price target of $221.07.

Insider Buying and Selling at Simon Property Group

In other news, Director Glyn Aeppel purchased 243 shares of the business’s stock in a transaction dated 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 purchase, the director directly owned 21,067 shares of the company’s stock, valued at $4,705,525.12. This represents a 1.17% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Larry C. Glasscock acquired 397 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average price of $223.38 per share, for a total transaction of $88,681.86. Following the completion of the transaction, the director directly owned 45,902 shares in the company, valued at approximately $10,253,588.76. This represents a 0.87% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have acquired 2,387 shares of company stock worth $533,056. Insiders own 8.73% of the company’s stock.

Simon Property Group Price Performance

Shares of NYSE:SPG opened at $219.34 on Friday. The firm has a market capitalization of $71.13 billion, a price-to-earnings ratio of 15.47, a price-to-earnings-growth ratio of 2.86 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 0.84. The business’s 50 day simple moving average is $222.30 and its 200-day simple moving average is $205.94. Simon Property Group, Inc. has a 12 month low of $171.22 and a 12 month high of $238.50.

Simon Property Group (NYSE:SPG) last released its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share 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 firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the previous year, the business earned $1.70 earnings per share. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. As a group, equities analysts forecast that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 4.1%. Simon Property Group’s dividend payout ratio is 63.47%.

Simon Property Group 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.