Insider Buying: Simon Property Group (NYSE:SPG) Director Buys $40,615.12 in Stock

Simon Property Group, Inc. (NYSE:SPG) Director Marta Stewart purchased 182 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average cost of $223.16 per share, for a total transaction of $40,615.12. Following the purchase, the director owned 18,000 shares of the company’s stock, valued at $4,016,880. This represents a 1.02% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Simon Property Group Price Performance

SPG stock opened at $225.77 on Friday. Simon Property Group, Inc. has a 52 week low of $159.33 and a 52 week high of $228.57. 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 company has a fifty day simple moving average of $209.31 and a two-hundred day simple moving average of $197.56. The firm has a market capitalization of $73.21 billion, a P/E ratio of 15.69, a price-to-earnings-growth ratio of 4.09 and a beta of 1.29.

Simon Property Group (NYSE:SPG) last posted its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.54 billion. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The business’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.95 EPS. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Analysts anticipate 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 declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors 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 annualized dividend 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%.

Institutional Trading of Simon Property Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stance Capital LLC bought a new stake in Simon Property Group in the third quarter worth about $26,000. Wilkerson Advisory Group LLC bought a new position in shares of Simon Property Group during the fourth quarter valued at approximately $29,000. SHP Wealth Management bought a new position in shares of Simon Property Group during the fourth quarter valued at approximately $34,000. Dynamic Wealth Strategies LLC raised its holdings in shares of 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 during the period. Finally, Tompkins Financial Corp purchased a new stake in shares of Simon Property Group in the fourth quarter worth approximately $42,000. 93.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SPG shares. Morgan Stanley upped their price objective on Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 9th. Stifel Nicolaus boosted their target price on Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a research report on Tuesday, May 12th. Jefferies Financial Group upgraded Simon Property Group to a “strong-buy” rating in a report on Friday, June 26th. Scotiabank raised their price target on Simon Property Group from $206.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 18th. Finally, 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, June 29th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus 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.