Simon Property Group (NYSE:SPG) Director Glyn Aeppel Acquires 243 Shares of Stock

Simon Property Group, Inc. (NYSE:SPG) Director Glyn Aeppel bought 243 shares of Simon Property Group stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average cost of $223.36 per share, for a total transaction of $54,276.48. Following the completion of the purchase, the director directly owned 21,067 shares of the company’s stock, valued at approximately $4,705,525.12. This trade represents a 1.17% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Simon Property Group Trading Down 0.5%

SPG stock traded down $1.21 on Wednesday, reaching $222.44. The company’s stock had a trading volume of 1,297,539 shares, compared to its average volume of 1,767,284. The firm has a market cap of $72.13 billion, a PE ratio of 15.45, a PEG ratio of 4.11 and a beta of 1.31. The business has a fifty day simple moving average of $208.10 and a two-hundred day simple moving average of $196.77. Simon Property Group, Inc. has a 12-month low of $159.33 and a 12-month high of $228.57. 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:SPG) last issued its quarterly earnings data 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. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.54 billion. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.95 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. As a group, research analysts forecast 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 issued a dividend of $2.25 per share. 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 dividend yield of 4.0%. Simon Property Group’s dividend payout ratio (DPR) is currently 62.54%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Brighton Jones LLC bought a new stake in shares of Simon Property Group during the fourth quarter valued at approximately $295,000. Marshall Wace LLP boosted its stake in Simon Property Group by 316.2% during the 2nd quarter. Marshall Wace LLP now owns 19,787 shares of the real estate investment trust’s stock valued at $3,181,000 after purchasing an additional 15,033 shares during the last quarter. Jump Financial LLC boosted its stake in Simon Property Group by 80.1% during the 2nd quarter. Jump Financial LLC now owns 16,881 shares of the real estate investment trust’s stock valued at $2,714,000 after purchasing an additional 7,506 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of Simon Property Group by 1.7% in the 2nd quarter. Cerity Partners LLC now owns 35,740 shares of the real estate investment trust’s stock worth $5,745,000 after purchasing an additional 598 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of Simon Property Group by 13.4% in the 2nd quarter. NewEdge Advisors LLC now owns 28,444 shares of the real estate investment trust’s stock worth $4,573,000 after purchasing an additional 3,372 shares in the last quarter. Institutional investors own 93.01% of the company’s stock.

Wall Street Analysts Forecast Growth

SPG has been the topic of several research reports. Weiss Ratings lowered Simon Property Group from a “buy (a-)” rating to a “buy (b)” rating in a research report on Monday. Barclays increased their price objective on Simon Property Group from $212.00 to $213.00 and gave the stock an “equal weight” rating in a report on Thursday, June 25th. Wolfe Research cut shares of Simon Property Group from an “outperform” rating to a “peer perform” rating in a report on Tuesday. Scotiabank upped their target price on shares of Simon Property Group from $206.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 18th. Finally, Evercore set a $208.00 price target on shares of Simon Property Group in a research note on Monday, June 8th. One 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.