Larry Glasscock Acquires 363 Shares of Simon Property Group (NYSE:SPG) Stock

Simon Property Group, Inc. (NYSE:SPG) Director Larry Glasscock purchased 363 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was purchased at an average price of $186.00 per share, with a total value of $67,518.00. Following the purchase, the director owned 43,899 shares of the company’s stock, valued at approximately $8,165,214. The trade was a 0.83% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Simon Property Group Stock Performance

Shares of Simon Property Group stock traded up $0.41 during trading on Monday, hitting $184.38. 581,441 shares of the stock were exchanged, compared to its average volume of 772,877. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 9.59. The company has a fifty day moving average price of $182.90 and a 200-day moving average price of $176.36. The stock has a market capitalization of $60.19 billion, a price-to-earnings ratio of 26.84, a price-to-earnings-growth ratio of 8.78 and a beta of 1.37. Simon Property Group, Inc. has a 1-year low of $136.34 and a 1-year high of $190.13.

Simon Property Group (NYSE:SPG) last issued its earnings results on Monday, November 3rd. The real estate investment trust reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business 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 business posted $3.05 EPS. Simon Property Group’s revenue was up 8.2% on a year-over-year basis. Simon Property Group has set its FY 2025 guidance at 12.600-12.700 EPS. As a group, equities analysts predict that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th were paid a dividend of $2.20 per share. The ex-dividend date was Wednesday, December 10th. This represents a $8.80 annualized dividend and a dividend yield of 4.8%. This is an increase from Simon Property Group’s previous quarterly dividend of $2.15. Simon Property Group’s dividend payout ratio is presently 128.09%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Miller Global Investments LLC bought a new stake in Simon Property Group during the fourth quarter valued at approximately $274,000. Union Bancaire Privee UBP SA lifted its holdings in shares of 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 acquiring an additional 7,266 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Simon Property Group by 8.6% during the 4th quarter. GAMMA Investing LLC now owns 7,161 shares of the real estate investment trust’s stock worth $1,326,000 after acquiring an additional 565 shares during the last quarter. Davis Selected Advisers grew its position in Simon Property Group by 30.7% in the third quarter. Davis Selected Advisers now owns 76,733 shares of the real estate investment trust’s stock worth $14,400,000 after acquiring an additional 18,010 shares in the last quarter. Finally, Triumph Capital Management bought a new position in Simon Property Group in the third quarter valued at $194,000. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Key Stores Impacting Simon Property Group

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.

Analyst Ratings Changes

A number of equities analysts have commented on SPG shares. Evercore ISI lifted their price objective on shares of Simon Property Group from $187.00 to $188.00 and gave the stock an “in-line” rating in a research report on Friday, October 17th. Piper Sandler lifted their price objective on shares of Simon Property Group from $210.00 to $225.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Stifel Nicolaus increased 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. Weiss Ratings reissued a “buy (b)” rating on shares of Simon Property Group in a report on Tuesday, October 14th. Finally, Truist Financial lifted their price target on Simon Property Group from $169.00 to $181.00 and gave the company a “hold” rating in a research note on Wednesday, December 17th. Four research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $189.83.

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.