Simon Property Group (NYSE:SPG) Director Purchases $13,180.70 in Stock

Simon Property Group, Inc. (NYSE:SPG) Director Randall Lewis bought 65 shares of the firm’s stock in a transaction dated Wednesday, September 30th. The stock was purchased at an average price of $202.78 per share, with a total value of $13,180.70. Following the completion of the purchase, the director directly owned 7,083 shares of the company’s stock, valued at approximately $1,436,290.74. This trade represents a 0.93% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Simon Property Group Price Performance

SPG opened at $201.15 on Friday. Simon Property Group, Inc. has a twelve month low of $172.19 and a twelve month high of $238.50. The firm has a market cap of $65.08 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 3.10 and a beta of 1.30. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 5.19. The company has a fifty day simple moving average of $214.57 and a 200 day simple moving average of $209.40.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.15). The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.70 EPS. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Equities research analysts expect that Simon Property Group, Inc. will post 13.23 EPS for the current fiscal year.

Simon Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Wednesday, September 9th. Simon Property Group’s payout ratio is presently 63.47%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Barclays lowered their price objective on Simon Property Group from $215.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday, September 28th. Weiss Ratings raised Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, August 12th. Wolfe Research cut Simon Property Group from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 30th. Truist Financial initiated coverage on shares of Simon Property Group in a research report on Friday. They set a “hold” rating and a $215.00 price target for the company. Finally, Stifel Nicolaus lifted their price target on shares of Simon Property Group from $194.00 to $209.00 and gave the stock a “hold” rating in a research note on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Simon Property Group currently has a consensus rating of “Hold” and a consensus price target of $227.64.

Institutional Trading of Simon Property Group

Several institutional investors have recently added to or reduced their stakes in SPG. BlackRock Inc. raised its holdings in shares of Simon Property Group by 1.2% during the second quarter. BlackRock Inc. now owns 37,269,192 shares of the real estate investment trust’s stock worth $8,335,255,000 after purchasing an additional 455,543 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Simon Property Group by 2.7% in the 2nd quarter. Wellington Management Group LLP now owns 9,390,325 shares of the real estate investment trust’s stock valued at $2,100,146,000 after buying an additional 242,709 shares during the period. Capital World Investors boosted its holdings in shares of Simon Property Group by 2.7% in the 4th 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 buying an additional 226,271 shares during the period. Bank of America Corp DE grew its position in shares of Simon Property Group by 6.1% during the 1st quarter. Bank of America Corp DE now owns 8,503,133 shares of the real estate investment trust’s stock valued at $1,586,089,000 after buying an additional 491,519 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Simon Property Group by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,606,481 shares of the real estate investment trust’s stock valued at $859,209,000 after buying an additional 105,524 shares during the last quarter. Institutional investors own 93.01% of the company’s stock.

Trending Headlines about Simon Property Group

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

• Positive Sentiment: Truist Financial initiated coverage with a “hold” rating and a $215 price target, implying roughly 6.9% upside from the referenced trading level. The target provides support for the view that SPG may be undervalued after its recent pullback. Benzinga analyst coverage article
• Positive Sentiment: Multiple Simon directors purchased shares at approximately $202.78, led by Reuben Leibowitz’s 480-share purchase. Seven other directors, including Daniel Smith, Gary Rodkin, Stefan Selig, Marta Stewart, Randall Lewis, Nina Jones, and Peggy Roe, also bought shares. The combined insider purchases total approximately $338,000 and may signal that management views SPG as attractively valued. Simon Property Group insider buying report
• Positive Sentiment: A Seeking Alpha analysis identifies Simon Property Group as an A-rated REIT offering a yield above 4%, with accelerating net operating income and improved funds-from-operations guidance potentially supporting double-digit total returns if the sector recovers. SPG’s quarterly dividend is cited at $2.25 per share, or $9.00 annualized, for an approximately 4.5% yield. Seeking Alpha REIT valuation analysis
• Neutral Sentiment: Truist’s “hold” rating is constructive on valuation but does not represent a bullish recommendation. The stock also remains below its 50-day and 200-day moving averages, indicating continued technical weakness.
• Negative Sentiment: Rising bond yields are weighing on REIT valuations and increase the relative appeal of bonds compared with dividend-paying real estate stocks. Higher borrowing costs could also pressure SPG’s highly leveraged balance sheet, making interest-rate volatility the principal near-term risk. Rising bond yields and REITs article

Simon Property Group Company Profile

Simon Property Group, Inc (NYSE: SPG) is a real estate investment trust that owns, develops, and manages premier shopping, dining, entertainment, and mixed-use destinations. Its portfolio includes regional malls, premium outlet centers, and other retail properties designed to serve consumers and attract national and international retailers.

The company generates revenue primarily through leasing retail and commercial space to tenants and through related property-management and development activities.