Simon Property Group (NYSE:SPG) Stock: Insider Stefan Selig Buys 208 Shares

Simon Property Group, Inc. (NYSE:SPG) Director Stefan Selig bought 208 shares of the stock in a transaction on Wednesday, September 30th. The stock was purchased at an average cost of $202.78 per share, with a total value of $42,178.24. Following the acquisition, the director owned 34,020 shares in the company, valued at approximately $6,898,575.60. This represents a 0.62% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Simon Property Group Trading Up 0.0%

Simon Property Group stock traded up $0.08 during trading hours on Thursday, hitting $200.84. The stock had a trading volume of 1,140,667 shares, compared to its average volume of 1,632,737. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.19. The stock has a market cap of $64.98 billion, a price-to-earnings ratio of 14.16, a P/E/G ratio of 3.15 and a beta of 1.28. Simon Property Group, Inc. has a one year low of $172.19 and a one year high of $238.50. The business’s 50 day simple moving average is $215.62 and its 200-day simple moving average is $209.36.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.15). The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.The business’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.70 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. On average, equities analysts predict that Simon Property Group, Inc. will post 13.23 EPS for the current fiscal year.

Simon Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th were given a dividend of $2.25 per share. The ex-dividend date was Wednesday, September 9th. This represents a $9.00 annualized dividend and a yield of 4.5%. Simon Property Group’s dividend payout ratio (DPR) is currently 63.47%.

Institutional Trading of Simon Property Group

Several institutional investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Simon Property Group by 13,579.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,604,590 shares of the real estate investment trust’s stock valued at $806,167,000 after purchasing an additional 3,578,240 shares during the period. Legal & General Group Plc bought a new position in Simon Property Group during the 2nd quarter worth approximately $783,974,000. Canada Pension Plan Investment Board acquired a new position in shares of Simon Property Group in the 2nd quarter worth approximately $489,647,000. Caisse de depot et placement du Quebec acquired a new position in shares of Simon Property Group in the 2nd quarter worth approximately $143,948,000. Finally, Bank of America Corp DE boosted its stake in shares of Simon Property Group by 6.1% in the 1st quarter. Bank of America Corp DE now owns 8,503,133 shares of the real estate investment trust’s stock valued at $1,586,089,000 after purchasing an additional 491,519 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on SPG shares. Evercore set a $216.00 price target on shares of Simon Property Group in a research report on Monday, September 21st. Mizuho lifted their price target on shares of Simon Property Group from $211.00 to $226.00 and gave the stock a “neutral” rating in a report on Thursday, August 27th. Bank of America lifted their price target on shares of Simon Property Group from $225.00 to $236.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Citigroup boosted their price objective on shares of Simon Property Group from $205.00 to $230.00 and gave the stock a “neutral” rating in a research note on Monday, August 17th. Finally, Wolfe Research downgraded Simon Property Group from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 30th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, Simon Property Group currently has a consensus rating of “Hold” and a consensus target price of $227.64.

About Simon Property Group

Simon Property Group, Inc (NYSE: SPG) is a real estate investment trust that owns, develops, and manages premier shopping, dining, entertainment, and mixed-use destinations. Its portfolio includes regional malls, premium outlet centers, and other retail properties designed to serve consumers and attract national and international retailers.

The company generates revenue primarily through leasing retail and commercial space to tenants and through related property-management and development activities.