Marta Stewart Purchases 182 Shares of Simon Property Group (NYSE:SPG) Stock

Simon Property Group, Inc. (NYSE:SPGGet Free Report) Director Marta Stewart bought 182 shares of the stock in a transaction on Tuesday, June 30th. The shares were bought at an average price of $223.16 per share, for a total transaction of $40,615.12. Following the acquisition, the director owned 18,000 shares in the company, valued at $4,016,880. The trade was a 1.02% 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

Simon Property Group stock 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 company has a market capitalization of $73.21 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 4.03 and a beta of 1.29. The stock has a fifty day moving average of $208.83 and a two-hundred day moving average of $197.36. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.84 and a current ratio of 0.84.

Simon Property Group (NYSE:SPGGet Free Report) 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. On average, analysts anticipate that Simon Property Group, Inc. will post 13.21 EPS 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 SPG. Wellington Management Group LLP grew its holdings in Simon Property Group by 634.5% in the 3rd quarter. Wellington Management Group LLP now owns 7,370,089 shares of the real estate investment trust’s stock valued at $1,383,145,000 after buying an additional 6,366,711 shares during the period. Norges Bank purchased a new position in shares of Simon Property Group during the 4th quarter worth about $1,112,111,000. Capital World Investors lifted its holdings in shares of Simon Property Group by 45.0% during the 3rd quarter. Capital World Investors now owns 8,384,133 shares of the real estate investment trust’s stock worth $1,573,450,000 after acquiring an additional 2,600,508 shares during the period. Bank of America Corp DE boosted its position in shares of Simon Property Group by 6.1% in 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 acquiring an additional 491,519 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of Simon Property Group by 78.9% in the third quarter. Barclays PLC now owns 1,103,843 shares of the real estate investment trust’s stock worth $207,158,000 after acquiring an additional 486,967 shares during the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SPG has been the subject of a number of recent research reports. Citigroup lifted their price target on shares of Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Scotiabank upped their price objective on shares of Simon Property Group from $206.00 to $220.00 and gave the company a “sector perform” rating in a research note on Thursday, June 18th. Truist Financial raised their target price on shares of Simon Property Group from $196.00 to $215.00 and gave the stock a “hold” rating in a research report on Tuesday, June 23rd. Wolfe Research cut shares of Simon Property Group from an “outperform” rating to a “peer perform” rating in a research note on Tuesday. 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 issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Simon Property Group presently has a consensus rating of “Hold” and an average target price of $211.47.

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Simon Property Group Company Profile

(Get Free Report)

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.

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