Simon Property Group (NYSE:SPG) Director Acquires $54,276.48 in Stock

Simon Property Group, Inc. (NYSE:SPG) Director Glyn Aeppel bought 243 shares of Simon Property Group stock in a transaction on Tuesday, June 30th. The stock was acquired at an average cost of $223.36 per share, with a total value of $54,276.48. Following the acquisition, the director owned 21,067 shares in the company, valued at approximately $4,705,525.12. This represents a 1.17% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Simon Property Group Price Performance

Shares of NYSE:SPG opened at $225.77 on Friday. 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 firm has a market cap of $73.21 billion, a price-to-earnings ratio of 15.69, a price-to-earnings-growth ratio of 4.09 and a beta of 1.29. The business has a 50-day simple moving average of $209.31 and a two-hundred day simple moving average of $197.56. Simon Property Group, Inc. has a fifty-two week low of $159.33 and a fifty-two week high of $228.57.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the firm posted $2.95 EPS. The business’s quarterly revenue 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. On average, analysts expect that Simon Property Group, Inc. will post 13.21 earnings per share for the current 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 a boost from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $9.00 dividend on an annualized basis and a yield of 4.0%. Simon Property Group’s payout ratio is presently 62.54%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SPG. Stance Capital LLC purchased a new position in Simon Property Group during the third quarter valued at $26,000. Wilkerson Advisory Group LLC bought a new stake in Simon Property Group during the fourth quarter valued at about $29,000. SHP Wealth Management purchased a new stake in Simon Property Group in the fourth quarter worth about $34,000. Dynamic Wealth Strategies LLC increased its position in Simon Property Group by 195.8% in the first quarter. Dynamic Wealth Strategies LLC now owns 210 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 139 shares in the last quarter. Finally, Tompkins Financial Corp bought a new position in shares of Simon Property Group in the fourth quarter worth about $42,000. 93.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SPG. Scotiabank increased their price target on Simon Property Group from $206.00 to $220.00 and gave the company a “sector perform” rating in a report on Thursday, June 18th. UBS Group set a $220.00 price objective on Simon Property Group in a report on Thursday, June 18th. Weiss Ratings cut Simon Property Group from a “buy (a-)” rating to a “buy (b)” rating in a research report on Monday. Jefferies Financial Group raised Simon Property Group to a “strong-buy” rating in a report on Friday, June 26th. Finally, Wolfe Research cut Simon Property Group from an “outperform” rating to a “peer perform” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $211.47.

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.