Simon Property Group (NYSE:SPG) Director Purchases $113,477.04 in Stock

Simon Property Group, Inc. (NYSE:SPG) Director Reuben Leibowitz acquired 508 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average cost of $223.38 per share, with a total value of $113,477.04. Following the purchase, the director owned 55,797 shares of the company’s stock, valued at approximately $12,463,933.86. This trade represents a 0.92% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Simon Property Group Stock Performance

NYSE:SPG opened at $225.77 on Friday. The stock has a 50-day moving average price of $209.31 and a 200 day moving average price of $197.56. The stock has a market capitalization of $73.21 billion, a P/E ratio of 15.69, a P/E/G ratio of 4.09 and a beta of 1.29. Simon Property Group, Inc. has a 12-month low of $159.33 and a 12-month high of $228.57. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the previous year, the firm earned $2.95 EPS. The firm’s revenue was up 19.3% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Equities research analysts forecast that Simon Property Group, Inc. will post 13.21 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 4.0%. This is a boost from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date of this dividend was Tuesday, June 9th. Simon Property Group’s payout ratio is presently 62.54%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SPG. Stance Capital LLC purchased a new stake in Simon Property Group during the third quarter valued at $26,000. Wilkerson Advisory Group LLC bought a new position in Simon Property Group during the fourth quarter valued at $29,000. SHP Wealth Management purchased a new position in shares of Simon Property Group in the 4th quarter worth $34,000. Dynamic Wealth Strategies LLC grew its stake in shares of Simon Property Group by 195.8% in the 1st quarter. Dynamic Wealth Strategies LLC now owns 210 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 139 shares in the last quarter. Finally, Tompkins Financial Corp bought a new stake in shares of Simon Property Group in the 4th quarter worth about $42,000. 93.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SPG shares. Stifel Nicolaus upped their target price on shares of Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. Weiss Ratings cut shares of Simon Property Group from a “buy (a-)” rating to a “buy (b)” rating in a research note on Monday. Citigroup boosted their price target on shares of Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. UBS Group set a $220.00 price objective on shares of Simon Property Group in a report on Thursday, June 18th. Finally, Barclays raised their price objective on Simon Property Group from $212.00 to $213.00 and gave the company an “equal weight” rating in a research report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $211.47.

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.