Insider Buying: Simon Property Group (NYSE:SPG) Director Purchases $88,681.86 in Stock

Simon Property Group, Inc. (NYSE:SPG) Director Larry Glasscock bought 397 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average price of $223.38 per share, for a total transaction of $88,681.86. Following the completion of the transaction, the director directly owned 45,902 shares in the company, valued at approximately $10,253,588.76. This represents a 0.87% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Simon Property Group Trading Down 0.5%

Shares of NYSE:SPG traded down $1.21 during trading 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 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 12 month low of $159.33 and a 12 month high of $228.57. The firm’s 50 day simple moving average is $208.10 and its two-hundred day simple moving average is $196.77. The stock has a market capitalization of $72.13 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 4.11 and a beta of 1.31.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results 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. 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 during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the business posted $2.95 earnings per share. The firm’s revenue was up 19.3% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. On average, research analysts predict 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 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 presently 62.54%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SPG. JPMorgan Chase & Co. increased their price target on Simon Property Group from $210.00 to $217.00 and gave the company a “neutral” rating in a report on Monday, June 1st. Bank of America lifted their price objective on shares of Simon Property Group from $225.00 to $236.00 and gave the stock a “buy” rating in a research note on Monday. Evercore set a $208.00 price objective on shares of Simon Property Group in a research report on Monday, June 8th. Barclays increased their target price on shares of Simon Property Group from $212.00 to $213.00 and gave the company an “equal weight” rating in a research note on Thursday, June 25th. Finally, Weiss Ratings lowered shares of Simon Property Group from a “buy (a-)” rating to a “buy (b)” rating in a report on Monday. 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 stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $211.47.

Institutional Trading of Simon Property Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Clark Capital Management Group Inc. raised its holdings in shares of Simon Property Group by 1.7% during the third quarter. Clark Capital Management Group Inc. now owns 247,032 shares of the real estate investment trust’s stock worth $46,361,000 after purchasing an additional 4,177 shares during the last quarter. Union Bancaire Privee UBP SA grew its position in Simon Property Group by 22.6% during the 4th quarter. Union Bancaire Privee UBP SA now owns 39,366 shares of the real estate investment trust’s stock worth $7,287,000 after purchasing an additional 7,266 shares during the period. Davis Selected Advisers grew its position in Simon Property Group by 30.7% during the 3rd quarter. Davis Selected Advisers now owns 76,733 shares of the real estate investment trust’s stock worth $14,400,000 after purchasing an additional 18,010 shares during the period. Danske Bank A S raised its stake in shares of Simon Property Group by 11.1% during the 4th quarter. Danske Bank A S now owns 193,946 shares of the real estate investment trust’s stock valued at $35,901,000 after buying an additional 19,300 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Simon Property Group by 3.5% during the 3rd quarter. California Public Employees Retirement System now owns 579,458 shares of the real estate investment trust’s stock valued at $108,747,000 after buying an additional 19,608 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors.

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.