Insider Buying: Simon Property Group (NYSE:SPG) Director Purchases 192 Shares of Stock

Simon Property Group, Inc. (NYSE:SPG) Director Marta Stewart bought 192 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was purchased at an average price of $186.00 per share, with a total value of $35,712.00. Following the completion of the purchase, the director directly owned 16,500 shares of the company’s stock, valued at $3,069,000. This represents a 1.18% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Simon Property Group Stock Performance

SPG traded up $0.41 during trading on Monday, reaching $184.38. 581,441 shares of the company’s stock were exchanged, compared to its average volume of 772,877. The company has a market capitalization of $60.19 billion, a P/E ratio of 26.84, a PEG ratio of 8.78 and a beta of 1.37. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 9.59. The business has a 50 day moving average price of $182.90 and a 200 day moving average price of $176.36. Simon Property Group, Inc. has a fifty-two week low of $136.34 and a fifty-two week high of $190.13.

Simon Property Group (NYSE:SPG) last released its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $0.13. Simon Property Group had a net margin of 38.18% and a return on equity of 79.30%. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period last year, the firm earned $3.05 EPS. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. Simon Property Group has set its FY 2025 guidance at 12.600-12.700 EPS. As a group, analysts predict that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th were issued a dividend of $2.20 per share. The ex-dividend date of this dividend was Wednesday, December 10th. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.15. This represents a $8.80 dividend on an annualized basis and a yield of 4.8%. Simon Property Group’s dividend payout ratio (DPR) is presently 128.09%.

Simon Property Group News Summary

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

• Positive Sentiment: Multiple directors increased their holdings (Glyn Aeppel, Larry C. Glasscock, Nina P. Jones, Reuben S. Leibowitz, Randall J. Lewis, Gary M. Rodkin, Peggy Roe, Stefan M. Selig, Daniel C. Smith, Marta R. Stewart). Purchases ranged from 35 to 480 shares apiece at an average price of $186, modest in size but broad across the board — a supportive insider signal. Read More.
• Neutral Sentiment: The dollar amounts are small relative to SPG’s $60B market cap and don’t change ownership control; this makes the purchases more of a confidence signal than a material financial commitment. Read More.

Institutional Investors Weigh In On Simon Property Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Stance Capital LLC acquired a new stake in Simon Property Group in the third quarter worth about $26,000. Trust Co. of Toledo NA OH bought a new stake in shares of Simon Property Group during the second quarter worth approximately $25,000. Silicon Valley Capital Partners acquired a new position in Simon Property Group in the second quarter valued at approximately $30,000. VSM Wealth Advisory LLC bought a new position in Simon Property Group in the second quarter valued at approximately $30,000. Finally, Atlantic Union Bankshares Corp boosted its stake in Simon Property Group by 143.0% in the third quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 123 shares during the last quarter. Institutional investors own 93.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Citigroup raised their target price on Simon Property Group from $170.00 to $185.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Scotiabank increased their target price on shares of Simon Property Group from $173.00 to $186.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 13th. Piper Sandler lifted their price target on shares of Simon Property Group from $210.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, November 10th. Stifel Nicolaus upped their price objective on shares of Simon Property Group from $179.00 to $184.00 and gave the stock a “hold” rating in a research note on Tuesday, November 4th. Finally, Barclays lifted their target price on shares of Simon Property Group from $180.00 to $186.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 18th. Four research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $189.83.

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.