Simon Property Group, Inc. $SPG Stock: Inspire Investing LLC Grows Position

Inspire Investing LLC grew its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 10.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 60,648 shares of the real estate investment trust’s stock after acquiring an additional 5,829 shares during the quarter. Inspire Investing LLC’s holdings in Simon Property Group were worth $12,176,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SPG. Ancora Advisors LLC purchased a new position in shares of Simon Property Group in the 2nd quarter worth about $27,000. Osbon Capital Management LLC bought a new position in shares of Simon Property Group during the 2nd quarter valued at about $32,000. Fiduciary Financial Advisors purchased a new position in shares of Simon Property Group during the 2nd quarter valued at about $34,000. N.E.W. Advisory Services LLC raised 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 in the last quarter. Finally, WPG Advisers LLC raised its holdings in shares of Simon Property Group by 40.3% during the 2nd quarter. WPG Advisers LLC now owns 181 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 52 shares in the last quarter. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Trading Down 0.1%

Shares of SPG stock opened at $211.85 on Friday. The stock has a market capitalization of $68.54 billion, a PE ratio of 14.94, a P/E/G ratio of 3.27 and a beta of 1.30. Simon Property Group, Inc. has a 1-year low of $172.19 and a 1-year high of $238.50. The business has a 50-day moving average of $207.72 and a 200 day moving average of $211.24. 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 announced its quarterly earnings results 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). 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 during the quarter, compared to analysts’ expectations of $1.61 billion. During the same period last year, the firm earned $1.70 earnings per share. Simon Property Group’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, sell-side analysts anticipate that Simon Property Group, Inc. will post 13.24 earnings per share for the current year.

Simon Property Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Wednesday, September 9th. Simon Property Group’s dividend payout ratio is currently 63.47%.

Analyst Ratings Changes

A number of analysts recently weighed in on SPG shares. Bank of America boosted their target price on Simon Property Group from $225.00 to $236.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Stifel Nicolaus increased their price target on shares of Simon Property Group from $194.00 to $209.00 and gave the company a “hold” rating in a research report on Tuesday, August 11th. Truist Financial assumed coverage on shares of Simon Property Group in a research report on Friday, October 2nd. They set a “hold” rating and a $215.00 price target on the stock. Wolfe Research downgraded shares of Simon Property Group from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 30th. Finally, Evercore set a $216.00 price objective on shares of Simon Property Group in a report on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $224.07.

Insider Activity at Simon Property Group

In other news, Director Stefan Selig purchased 208 shares of the company’s stock in a transaction on Wednesday, September 30th. The stock was acquired at an average price of $202.78 per share, with a total value of $42,178.24. Following the transaction, the director directly owned 34,020 shares of the company’s stock, valued at approximately $6,898,575.60. This represents a 0.62% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Reuben Leibowitz purchased 480 shares of the business’s stock in a transaction on Wednesday, September 30th. The stock was purchased at an average cost of $202.78 per share, for a total transaction of $97,334.40. Following the acquisition, the director owned 56,277 shares in the company, valued at approximately $11,411,850.06. The trade was a 0.86% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 1,668 shares of company stock worth $338,237 over the last ninety days. Insiders own 8.73% of the company’s stock.

About Simon Property Group

Simon Property Group, Inc is a self-administered and self-managed real estate investment trust that owns, develops, and operates premier shopping, dining, entertainment, and mixed-use destinations. Its portfolio includes regional malls, premium outlet centers, and other retail properties designed to serve both local shoppers and visitors.

The company’s properties feature a broad mix of retailers, restaurants, entertainment venues, and experiential offerings. Simon also provides property management, leasing, development, redevelopment, and marketing services associated with its real estate portfolio.

Simon Property Group was formed in 1993 through the combination of the retail real estate interests of the Simon and DeBartolo families.