Simon Property Group (NYSE:SPG) Director Randall Lewis Buys 62 Shares

Simon Property Group, Inc. (NYSE:SPG) Director Randall Lewis purchased 62 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average cost of $223.16 per share, with a total value of $13,835.92. Following the purchase, the director owned 7,018 shares of the company’s stock, valued at $1,566,136.88. This represents a 0.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Simon Property Group Price Performance

Simon Property Group stock traded down $1.21 during trading hours on Wednesday, reaching $222.44. 1,297,539 shares of the stock were exchanged, compared to its average volume of 1,767,284. The company has a market cap of $72.13 billion, a P/E ratio of 15.45, a price-to-earnings-growth ratio of 4.11 and a beta of 1.31. 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, Inc. has a twelve month low of $159.33 and a twelve month high of $228.57. The stock has a 50 day moving average of $208.10 and a two-hundred day moving average of $196.77.

Simon Property Group (NYSE:SPG) last issued its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 EPS for the quarter, beating 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 company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the previous year, the company earned $2.95 EPS. The business’s revenue for the quarter 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 analysts expect that Simon Property Group, Inc. will post 13.21 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were given a dividend of $2.25 per share. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 annualized dividend and a yield of 4.0%. The ex-dividend date was Tuesday, June 9th. Simon Property Group’s dividend payout ratio (DPR) is presently 62.54%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Citigroup boosted their price target on Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Wolfe Research downgraded Simon Property Group from an “outperform” rating to a “peer perform” rating in a research note on Tuesday. Bank of America increased their target price on shares of Simon Property Group from $225.00 to $236.00 and gave the stock a “buy” rating in a report on Monday. Truist Financial raised their price target on shares of Simon Property Group from $196.00 to $215.00 and gave the company a “hold” rating in a research note on Tuesday, June 23rd. Finally, Morgan Stanley lifted their price target on shares of Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a report on Tuesday, June 9th. One 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $211.47.

Institutional Trading of Simon Property Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sapient Capital LLC increased its stake in shares of Simon Property Group by 1.1% in the first quarter. Sapient Capital LLC now owns 111,276 shares of the real estate investment trust’s stock valued at $20,756,000 after buying an additional 1,230 shares during the period. DV Trading LLC acquired a new stake in Simon Property Group during the 1st quarter worth approximately $224,000. Parallel Advisors LLC grew its holdings in Simon Property Group by 8.8% during the 1st quarter. Parallel Advisors LLC now owns 5,431 shares of the real estate investment trust’s stock worth $1,013,000 after acquiring an additional 440 shares during the last quarter. Alpine Woods Capital Investors LLC grew its holdings in Simon Property Group by 24.5% during the 1st quarter. Alpine Woods Capital Investors LLC now owns 16,470 shares of the real estate investment trust’s stock worth $3,072,000 after acquiring an additional 3,246 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its position in Simon Property Group by 0.8% in the 1st quarter. Glenmede Trust Co. NA now owns 85,912 shares of the real estate investment trust’s stock valued at $16,025,000 after acquiring an additional 671 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.