Simon Property Group (NYSE:SPG) Director Purchases 182 Shares

Simon Property Group, Inc. (NYSE:SPG) Director Marta Stewart acquired 182 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average cost of $223.16 per share, with a total value of $40,615.12. Following the transaction, the director directly owned 18,000 shares in the company, valued at $4,016,880. This trade represents a 1.02% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Simon Property Group Trading Down 0.5%

Shares of SPG traded down $1.21 during midday trading on Wednesday, hitting $222.44. 1,297,539 shares of the stock were exchanged, compared to its average volume of 1,767,284. Simon Property Group, Inc. has a 52-week low of $159.33 and a 52-week 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. The stock has a fifty day simple moving average of $208.10 and a 200 day simple moving average of $196.77. The firm has a market cap of $72.13 billion, a P/E ratio of 15.45, a P/E/G ratio of 4.11 and a beta of 1.31.

Simon Property Group (NYSE:SPG) last posted its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (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 firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the prior year, the company earned $2.95 EPS. Simon Property Group’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 anticipate that Simon Property Group, Inc. will post 13.21 EPS for the current fiscal year.

Simon Property Group Increases Dividend

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

Analyst Ratings Changes

SPG has been the topic of a number of research reports. Weiss Ratings lowered shares of Simon Property Group from a “buy (a-)” rating to a “buy (b)” rating in a report on Monday. Barclays boosted their price target on shares of Simon Property Group from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. Citigroup increased their price objective on Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Jefferies Financial Group upgraded Simon Property Group to a “strong-buy” rating in a report on Friday, June 26th. Finally, Morgan Stanley increased their price target on Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $211.47.

Institutional Investors Weigh In On Simon Property Group

A number of hedge funds and other institutional investors have recently modified their holdings of SPG. Wellington Management Group LLP grew its stake in shares of Simon Property Group by 634.5% during the third quarter. Wellington Management Group LLP now owns 7,370,089 shares of the real estate investment trust’s stock worth $1,383,145,000 after purchasing an additional 6,366,711 shares in the last quarter. Norges Bank acquired a new stake in Simon Property Group in the fourth quarter valued at $1,112,111,000. Capital World Investors raised its stake in Simon Property Group by 45.0% in the third quarter. Capital World Investors now owns 8,384,133 shares of the real estate investment trust’s stock valued at $1,573,450,000 after buying an additional 2,600,508 shares in the last quarter. Bank of America Corp DE lifted its holdings in Simon Property Group by 6.1% during the 1st quarter. Bank of America Corp DE now owns 8,503,133 shares of the real estate investment trust’s stock worth $1,586,089,000 after buying an additional 491,519 shares during the last quarter. Finally, Barclays PLC lifted its holdings in Simon Property Group by 78.9% during the 3rd quarter. Barclays PLC now owns 1,103,843 shares of the real estate investment trust’s stock worth $207,158,000 after buying an additional 486,967 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

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.