Peggy Roe Purchases 78 Shares of Simon Property Group (NYSE:SPG) Stock

Simon Property Group, Inc. (NYSE:SPG) Director Peggy Roe bought 78 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was bought at an average price of $186.00 per share, for a total transaction of $14,508.00. Following the purchase, the director directly owned 6,804 shares of the company’s stock, valued at $1,265,544. The trade was a 1.16% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Simon Property Group Stock Performance

Shares of NYSE:SPG traded up $0.41 during trading on Monday, hitting $184.38. 581,441 shares of the stock traded hands, compared to its average volume of 772,877. The company has a quick ratio of 1.44, a current 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 two-hundred day moving average price of $176.36. The company has a market cap of $60.19 billion, a price-to-earnings ratio of 26.84, a P/E/G ratio of 8.78 and a beta of 1.37. Simon Property Group, Inc. has a 52-week low of $136.34 and a 52-week high of $190.13.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $0.13. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.41 billion. Simon Property Group had a return on equity of 79.30% and a net margin of 38.18%.The business’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $3.05 earnings per share. 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 year.

Simon Property Group Increases Dividend

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

Institutional Trading of Simon Property Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Trust Co. of Toledo NA OH acquired a new stake in Simon Property Group in the second quarter worth $25,000. Stance Capital LLC bought a new stake in Simon Property Group in the 3rd quarter valued at $26,000. VSM Wealth Advisory LLC bought a new position in shares of Simon Property Group during the second quarter worth approximately $30,000. Silicon Valley Capital Partners acquired a new position in shares of Simon Property Group during the 2nd quarter worth approximately $30,000. Finally, Bell Investment Advisors Inc raised its position in shares of Simon Property Group by 205.6% in the 2nd quarter. Bell Investment Advisors Inc now owns 217 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 146 shares in the last quarter. 93.01% of the stock is owned by institutional investors.

Key Simon Property Group News

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 Upgrades and Downgrades

SPG has been the subject of a number of analyst reports. Barclays boosted their price target on Simon Property Group from $180.00 to $186.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 18th. Citigroup lifted their price target on Simon Property Group from $170.00 to $185.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Truist Financial upped their price target on shares of Simon Property Group from $169.00 to $181.00 and gave the stock a “hold” rating in a research report on Wednesday, December 17th. Scotiabank boosted their price objective on Simon Property Group from $173.00 to $186.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 13th. Finally, Evercore ISI raised their target price on shares of Simon Property Group from $187.00 to $188.00 and gave the stock an “in-line” rating in a report on Friday, October 17th. Four investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Simon Property Group presently has an average rating of “Hold” and a consensus price target of $189.83.

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.