Simon Property Group (NYSE:SPG) Director Glyn Aeppel Acquires 243 Shares of Stock

Simon Property Group, Inc. (NYSE:SPGGet Free Report) Director Glyn Aeppel purchased 243 shares of Simon Property Group stock in a transaction dated Tuesday, June 30th. The stock was bought at an average price of $223.36 per share, with a total value of $54,276.48. Following the acquisition, the director directly owned 21,067 shares of the company’s stock, valued at approximately $4,705,525.12. This trade represents a 1.17% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Simon Property Group Price Performance

SPG stock opened at $222.88 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68. The stock has a market cap of $72.28 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 4.04 and a beta of 1.29. Simon Property Group, Inc. has a 1 year low of $159.33 and a 1 year high of $228.57. The stock has a 50-day moving average price of $208.41 and a two-hundred day moving average price of $197.06.

Simon Property Group (NYSE:SPGGet Free Report) last announced its 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. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.54 billion. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.Simon Property Group’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.95 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Equities analysts forecast that Simon Property Group, Inc. will post 13.21 EPS for the current fiscal year.

Simon Property Group Increases Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on SPG shares. Wolfe Research downgraded Simon Property Group from an “outperform” rating to a “peer perform” rating in a research note on Tuesday. JPMorgan Chase & Co. increased their target price on shares of Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a research report on Monday, June 1st. Bank of America raised their price target on Simon Property Group from $225.00 to $236.00 and gave the stock a “buy” rating in a research report on Monday. Jefferies Financial Group raised shares of Simon Property Group to a “strong-buy” rating in a research note on Friday, June 26th. Finally, Weiss Ratings downgraded Simon Property Group from a “buy (a-)” rating to a “buy (b)” rating in a research note on Monday. One investment 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 company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $211.47.

View Our Latest Stock Analysis on Simon Property Group

More Simon Property Group News

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Institutional Trading of Simon Property Group

Several institutional investors have recently modified their holdings of SPG. PFG Investments LLC grew its position in shares of Simon Property Group by 2.2% in the 1st quarter. PFG Investments LLC now owns 2,341 shares of the real estate investment trust’s stock valued at $437,000 after buying an additional 50 shares during the last quarter. Great Valley Advisor Group Inc. boosted its holdings 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 buying an additional 52 shares in the last quarter. Veridan Wealth LLC grew its holdings in Simon Property Group by 1.2% in the fourth 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 grew its stake 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 buying an additional 55 shares during the period. Finally, Embree Financial Group grew its stake in Simon Property Group by 2.4% in the fourth quarter. Embree Financial Group now owns 2,414 shares of the real estate investment trust’s stock valued at $447,000 after acquiring an additional 56 shares during the period. Institutional investors own 93.01% of the company’s stock.

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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