Simon Property Group (NYSE:SPG) Director Purchases $49,119.40 in Stock

Simon Property Group, Inc. (NYSE:SPG) Director Stefan Selig acquired 220 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average price of $223.27 per share, with a total value of $49,119.40. Following the completion of the purchase, the director owned 33,812 shares in the company, valued at $7,549,205.24. The trade was a 0.65% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Simon Property Group Stock Performance

SPG stock opened at $225.77 on Friday. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $73.21 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 4.09 and a beta of 1.29. Simon Property Group, Inc. has a 1 year low of $159.33 and a 1 year high of $228.57. The stock’s fifty day moving average is $209.31 and its two-hundred day moving average is $197.56.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 EPS for the quarter, topping the consensus estimate of $1.46 by $0.02. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the prior year, the firm earned $2.95 earnings per share. The company’s quarterly 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. On average, research analysts predict that Simon Property Group, Inc. will post 13.21 EPS for the current 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 given 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 annualized dividend and a yield of 4.0%. Simon Property Group’s payout ratio is currently 62.54%.

Analyst Ratings Changes

Several equities research analysts have commented on SPG shares. Barclays raised their price target on shares of Simon Property Group from $212.00 to $213.00 and gave the company an “equal weight” rating in a research note on Thursday, June 25th. Citigroup increased their price objective on Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Weiss Ratings cut Simon Property Group from a “buy (a-)” rating to a “buy (b)” rating in a research report on Monday. Jefferies Financial Group raised Simon Property Group to a “strong-buy” rating in a research note on Friday, June 26th. Finally, Wolfe Research lowered Simon Property Group from an “outperform” rating to a “peer perform” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $211.47.

Institutional Trading of Simon Property Group

A number of hedge funds and other institutional investors have recently made changes to their positions in SPG. Vanguard Group Inc. lifted its stake in shares of 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 worth $8,694,610,000 after acquiring an additional 286,464 shares during the period. State Street Corp increased its stake in shares of Simon Property Group by 1.5% during the third quarter. State Street Corp now owns 21,765,492 shares of the real estate investment trust’s stock valued at $4,084,730,000 after acquiring an additional 312,995 shares during the period. Geode Capital Management LLC raised its holdings in Simon Property Group by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 10,572,677 shares of the real estate investment trust’s stock worth $1,950,967,000 after purchasing an additional 363,337 shares in the last quarter. Capital World Investors raised its holdings in Simon Property Group by 2.7% during the fourth quarter. Capital World Investors now owns 8,610,404 shares of the real estate investment trust’s stock worth $1,593,872,000 after purchasing an additional 226,271 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in 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 purchasing an additional 491,519 shares during the period. 93.01% of the stock is currently owned by institutional investors.

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.