Insider Buying: Simon Property Group (NYSE:SPG) Director Purchases 226 Shares of Stock

Simon Property Group, Inc. (NYSE:SPG) Director Gary Rodkin acquired 226 shares of Simon Property Group stock in a transaction dated Wednesday, December 31st. The shares were bought at an average price of $186.00 per share, with a total value of $42,036.00. Following the transaction, the director directly owned 19,455 shares in the company, valued at approximately $3,618,630. The trade was a 1.18% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Simon Property Group Price Performance

NYSE:SPG traded up $0.41 during trading hours on Monday, hitting $184.38. The company’s stock had a trading volume of 581,441 shares, compared to its average volume of 772,877. The business’s 50-day moving average is $182.90 and its two-hundred day moving average is $176.36. The company has a debt-to-equity ratio of 9.59, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market capitalization of $60.19 billion, a PE ratio of 26.84, a PEG 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 data on Monday, November 3rd. The real estate investment trust reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $0.13. Simon Property Group had a return on equity of 79.30% and a net margin of 38.18%.The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter last year, the business posted $3.05 EPS. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. Simon Property Group has set its FY 2025 guidance at 12.600-12.700 EPS. As a group, research analysts anticipate that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Increases Dividend

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

Institutional Trading of Simon Property Group

Several institutional investors have recently added to or reduced their stakes in SPG. Norges Bank bought a new stake in shares of Simon Property Group during the second quarter valued at approximately $1,051,262,000. Wellington Management Group LLP grew its stake in Simon Property Group by 634.5% in the 3rd quarter. Wellington Management Group LLP now owns 7,370,089 shares of the real estate investment trust’s stock valued at $1,383,145,000 after buying an additional 6,366,711 shares in the last quarter. Capital World Investors lifted its holdings in shares of Simon Property Group by 45.0% in the third quarter. Capital World Investors now owns 8,384,133 shares of the real estate investment trust’s stock worth $1,573,450,000 after buying an additional 2,600,508 shares in the last quarter. JPMorgan Chase & Co. grew its position in Simon Property Group by 34.2% during the second quarter. JPMorgan Chase & Co. now owns 6,512,383 shares of the real estate investment trust’s stock worth $1,046,943,000 after buying an additional 1,660,188 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Simon Property Group by 1.8% during the third quarter. Vanguard Group Inc. now owns 46,683,502 shares of the real estate investment trust’s stock valued at $8,761,093,000 after purchasing an additional 844,190 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on SPG shares. Truist Financial boosted their target price on shares of Simon Property Group from $169.00 to $181.00 and gave the company a “hold” rating in a research note on Wednesday, December 17th. Evercore ISI boosted their price objective on shares of Simon Property Group from $187.00 to $188.00 and gave the company an “in-line” rating in a research report on Friday, October 17th. Stifel Nicolaus upped their price target on Simon Property Group from $179.00 to $184.00 and gave the stock a “hold” rating in a research note on Tuesday, November 4th. Citigroup upped their price objective on shares of Simon Property Group from $170.00 to $185.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Simon Property Group in a research report on Tuesday, October 14th. Four analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $189.83.

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.

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.