Insider Buying: Simon Property Group (NYSE:SPG) Director Acquires $83,071.32 in Stock

Simon Property Group, Inc. (NYSE:SPG) Director Daniel Smith bought 372 shares of the stock in a transaction on Tuesday, June 30th. The shares were bought at an average price of $223.31 per share, for a total transaction of $83,071.32. Following the acquisition, the director owned 34,480 shares in the company, valued at $7,699,728.80. The trade was a 1.09% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Simon Property Group Stock Performance

NYSE SPG opened at $225.77 on Friday. Simon Property Group, Inc. has a fifty-two week low of $159.33 and a fifty-two week high of $228.57. The stock has a market cap of $73.21 billion, a price-to-earnings ratio of 15.69, a price-to-earnings-growth ratio of 4.09 and a beta of 1.29. The business has a fifty day moving average of $209.31 and a 200-day moving average of $197.56. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 4.68.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.02. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.54 billion. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The business’s revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.95 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. As a group, analysts predict that Simon Property Group, Inc. will post 13.21 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were issued a $2.25 dividend. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date was Tuesday, June 9th. This represents a $9.00 dividend on an annualized basis and a yield of 4.0%. Simon Property Group’s payout ratio is currently 62.54%.

Institutional Trading of Simon Property Group

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Simon Property Group by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 46,969,966 shares of the real estate investment trust’s stock valued at $8,694,610,000 after buying an additional 286,464 shares during the period. State Street Corp boosted its position in shares of Simon Property Group by 1.5% in the third quarter. State Street Corp now owns 21,765,492 shares of the real estate investment trust’s stock worth $4,084,730,000 after acquiring an additional 312,995 shares during the last quarter. Geode Capital Management LLC grew its holdings in Simon Property Group by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 10,572,677 shares of the real estate investment trust’s stock valued at $1,950,967,000 after purchasing an additional 363,337 shares during the period. Capital World Investors grew its holdings in Simon Property Group by 2.7% in the fourth quarter. Capital World Investors now owns 8,610,404 shares of the real estate investment trust’s stock valued at $1,593,872,000 after purchasing an additional 226,271 shares during the period. Finally, Bank of America Corp DE increased its position in Simon Property Group by 6.1% during the first quarter. Bank of America Corp DE now owns 8,503,133 shares of the real estate investment trust’s stock worth $1,586,089,000 after purchasing an additional 491,519 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 research analysts have recently commented on the stock. Scotiabank lifted their price target on shares of Simon Property Group from $206.00 to $220.00 and gave the stock a “sector perform” rating in a report on Thursday, June 18th. Bank of America upped their price objective on shares of Simon Property Group from $225.00 to $236.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Citigroup raised their target price on shares of Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Jefferies Financial Group raised shares of Simon Property Group to a “strong-buy” rating in a research note on Friday, June 26th. Finally, Stifel Nicolaus boosted their price target on Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $211.47.

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.