Gary Rodkin Acquires 256 Shares of Simon Property Group (NYSE:SPG) Stock

Simon Property Group, Inc. (NYSE:SPGGet Free Report) Director Gary Rodkin acquired 256 shares of Simon Property Group stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average cost of $223.34 per share, for a total transaction of $57,175.04. Following the completion of the purchase, the director directly owned 21,016 shares of the company’s stock, valued at $4,693,713.44. This represents a 1.23% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Simon Property Group Stock Performance

Simon Property Group stock opened at $225.77 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 4.68. The stock has a market cap of $73.21 billion, a PE ratio of 15.69, a P/E/G ratio of 4.03 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 business’s 50-day moving average price is $208.83 and its two-hundred day moving average price is $197.36.

Simon Property Group (NYSE:SPGGet Free Report) last posted its 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 net margin of 70.60% and a return on equity of 104.54%. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the prior year, the business earned $2.95 earnings per share. 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. As a group, analysts expect that Simon Property Group, Inc. will post 13.21 earnings per share 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. Shareholders of record on Tuesday, June 9th were given a $2.25 dividend. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Tuesday, June 9th. Simon Property Group’s dividend payout ratio (DPR) is 62.54%.

Trending Headlines about Simon Property Group

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Institutional Investors Weigh In On Simon Property Group

Several large investors have recently modified their holdings of the company. PFG Investments LLC lifted its holdings in Simon Property Group by 2.2% in the first quarter. PFG Investments LLC now owns 2,341 shares of the real estate investment trust’s stock valued at $437,000 after acquiring an additional 50 shares during the period. Great Valley Advisor Group Inc. grew its stake in shares of Simon Property Group by 2.3% during the 4th quarter. Great Valley Advisor Group Inc. now owns 2,360 shares of the real estate investment trust’s stock worth $437,000 after purchasing an additional 52 shares during the period. Veridan Wealth LLC grew its stake in shares of Simon Property Group by 1.2% during the 4th quarter. Veridan Wealth LLC now owns 4,563 shares of the real estate investment trust’s stock worth $845,000 after purchasing an additional 53 shares during the period. CYBER HORNET ETFs LLC increased its holdings in shares of Simon Property Group by 6.2% in the 4th quarter. CYBER HORNET ETFs LLC now owns 936 shares of the real estate investment trust’s stock valued at $173,000 after purchasing an additional 55 shares in the last quarter. Finally, Embree Financial Group increased its holdings in shares of Simon Property Group by 2.4% in the 4th quarter. Embree Financial Group now owns 2,414 shares of the real estate investment trust’s stock valued at $447,000 after purchasing an additional 56 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SPG shares. Barclays upped 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 report on Thursday, June 25th. Evercore set a $208.00 price objective on Simon Property Group in a research report on Monday, June 8th. Jefferies Financial Group raised Simon Property Group to a “strong-buy” rating in a report on Friday, June 26th. Weiss Ratings lowered shares of Simon Property Group from a “buy (a-)” rating to a “buy (b)” rating in a report on Monday. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Simon Property Group currently has a consensus rating of “Hold” and a consensus target price of $211.47.

View Our Latest Stock Report on SPG

Simon Property Group Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Simon Property Group (NYSE:SPG)

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