Simon Property Group (NYSE:SPG) Director Buys $19,860.35 in Stock

Simon Property Group, Inc. (NYSE:SPG) Director Peggy Roe bought 89 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average cost of $223.15 per share, for a total transaction of $19,860.35. Following the completion of the transaction, the director owned 8,047 shares in the company, valued at $1,795,688.05. This trade represents a 1.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Simon Property Group Stock Performance

SPG traded down $1.21 on Wednesday, reaching $222.44. 1,297,539 shares of the stock were exchanged, compared to its average volume of 1,767,284. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84. The company’s 50-day moving average price is $208.10 and its 200 day moving average price is $196.77. The firm has a market capitalization of $72.13 billion, a PE ratio of 15.45, a PEG ratio of 4.11 and a beta of 1.31. Simon Property Group, Inc. has a fifty-two week low of $159.33 and a fifty-two week high of $228.57.

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

Simon Property Group Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. PFG Investments LLC increased its stake 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 buying an additional 50 shares in the last quarter. Great Valley Advisor Group Inc. increased its position in shares of Simon Property Group by 2.3% during the fourth quarter. Great Valley Advisor Group Inc. now owns 2,360 shares of the real estate investment trust’s stock worth $437,000 after purchasing an additional 52 shares in the last quarter. Veridan Wealth LLC raised its stake in 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 purchasing an additional 53 shares during the last quarter. CYBER HORNET ETFs LLC raised its stake in Simon Property Group by 6.2% in the 4th quarter. CYBER HORNET ETFs LLC now owns 936 shares of the real estate investment trust’s stock valued at $173,000 after purchasing an additional 55 shares during the last quarter. Finally, Embree Financial Group lifted its holdings in Simon Property Group by 2.4% in the 4th quarter. Embree Financial Group now owns 2,414 shares of the real estate investment trust’s stock valued at $447,000 after purchasing an additional 56 shares in the last quarter. 93.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SPG has been the topic of a number of recent research reports. Evercore set a $208.00 target price on Simon Property Group in a research note on Monday, June 8th. Barclays upped their price objective on shares of Simon Property Group from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 25th. Jefferies Financial Group upgraded Simon Property Group to a “strong-buy” rating in a research note on Friday, June 26th. Bank of America upped their price target on Simon Property Group from $225.00 to $236.00 and gave the stock a “buy” rating in a report on Monday. Finally, Weiss Ratings lowered Simon Property Group from a “buy (a-)” rating to a “buy (b)” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, Simon Property Group presently has a consensus rating of “Hold” and a consensus target price of $211.47.

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.