Gary Rodkin Buys 226 Shares of Simon Property Group (NYSE:SPG) Stock

Simon Property Group, Inc. (NYSE:SPG) Director Gary Rodkin acquired 226 shares of the stock in a transaction on Wednesday, December 31st. The stock was bought at an average price of $186.00 per share, with a total value of $42,036.00. Following the completion of the acquisition, the director directly owned 19,455 shares of the company’s stock, valued at $3,618,630. This trade represents a 1.18% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Simon Property Group Stock Performance

Shares of NYSE:SPG traded up $0.41 during midday trading on Monday, reaching $184.38. 581,441 shares of the company’s stock traded hands, compared to its average volume of 772,877. The stock has a 50 day moving average of $182.90 and a 200 day moving average of $176.36. Simon Property Group, Inc. has a one year low of $136.34 and a one year high of $190.13. The company has a market cap of $60.19 billion, a price-to-earnings ratio of 26.84, a P/E/G ratio of 8.78 and a beta of 1.37. The company has a debt-to-equity ratio of 9.59, a quick ratio of 1.44 and a current ratio of 1.44.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $3.22 earnings per share for the quarter, topping the consensus estimate of $3.09 by $0.13. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Simon Property Group had a net margin of 38.18% and a return on equity of 79.30%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.05 EPS. Simon Property Group has set its FY 2025 guidance at 12.600-12.700 EPS. As a group, equities research analysts anticipate that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th were given a $2.20 dividend. This is an increase from Simon Property Group’s previous quarterly dividend of $2.15. This represents a $8.80 annualized dividend and a yield of 4.8%. The ex-dividend date was Wednesday, December 10th. Simon Property Group’s dividend payout ratio (DPR) is 128.09%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SPG shares. Weiss Ratings reissued a “buy (b)” rating on shares of Simon Property Group in a report on Tuesday, October 14th. Evercore ISI increased their price target on shares of Simon Property Group from $187.00 to $188.00 and gave the stock an “in-line” rating in a report on Friday, October 17th. Scotiabank boosted their target price on shares of Simon Property Group from $173.00 to $186.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 13th. Stifel Nicolaus boosted their target price on Simon Property Group from $179.00 to $184.00 and gave the stock a “hold” rating in a report on Tuesday, November 4th. Finally, Piper Sandler increased their price target on Simon Property Group from $210.00 to $225.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. Four equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $189.83.

Key Headlines Impacting Simon Property Group

Here are the key news stories impacting Simon Property Group this week:

• Positive Sentiment: Multiple directors increased their holdings (Glyn Aeppel, Larry C. Glasscock, Nina P. Jones, Reuben S. Leibowitz, Randall J. Lewis, Gary M. Rodkin, Peggy Roe, Stefan M. Selig, Daniel C. Smith, Marta R. Stewart). Purchases ranged from 35 to 480 shares apiece at an average price of $186, modest in size but broad across the board — a supportive insider signal. Read More.
• Neutral Sentiment: The dollar amounts are small relative to SPG’s $60B market cap and don’t change ownership control; this makes the purchases more of a confidence signal than a material financial commitment. Read More.

Hedge Funds Weigh In On Simon Property Group

Institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC purchased a new position in shares of Simon Property Group during the 4th quarter worth approximately $295,000. State of Wyoming acquired a new position in shares of Simon Property Group in the first quarter worth $118,000. Focus Partners Advisor Solutions LLC lifted its stake in shares of Simon Property Group by 9.1% during the first quarter. Focus Partners Advisor Solutions LLC now owns 1,699 shares of the real estate investment trust’s stock valued at $282,000 after buying an additional 141 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Simon Property Group by 45.4% during the first quarter. AQR Capital Management LLC now owns 211,810 shares of the real estate investment trust’s stock worth $34,773,000 after purchasing an additional 66,174 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in Simon Property Group in the first quarter valued at approximately $539,000. Institutional investors and hedge funds own 93.01% of the company’s stock.

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.