Insider Buying: Simon Property Group (NYSE:SPG) Director Buys 508 Shares

Simon Property Group, Inc. (NYSE:SPG) Director Reuben Leibowitz bought 508 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were acquired at an average cost of $223.38 per share, for a total transaction of $113,477.04. Following the transaction, the director directly owned 55,797 shares in the company, valued at approximately $12,463,933.86. This trade represents a 0.92% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Simon Property Group Stock Down 0.5%

Shares of NYSE:SPG traded down $1.21 during trading hours on Wednesday, hitting $222.44. The company’s stock had a trading volume of 1,297,539 shares, compared to its average volume of 1,767,284. The firm’s fifty day moving average price is $208.10 and its 200 day moving average price is $196.77. Simon Property Group, Inc. has a 52 week low of $159.33 and a 52 week high of $228.57. The company has a market capitalization of $72.13 billion, a price-to-earnings ratio of 15.45, a P/E/G ratio of 4.11 and a beta of 1.31. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.02. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.54 billion. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. Simon Property Group’s revenue was up 19.3% compared to the same quarter last year. During the same period last year, the company posted $2.95 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. As a group, research analysts expect that Simon Property Group, Inc. will post 13.21 EPS for the current year.

Simon Property Group Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Truist Financial raised their price objective on Simon Property Group from $196.00 to $215.00 and gave the company a “hold” rating in a research report on Tuesday, June 23rd. Jefferies Financial Group raised shares of Simon Property Group to a “strong-buy” rating in a research report on Friday, June 26th. Citigroup raised their price target on shares of Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. UBS Group set a $220.00 price objective on shares of Simon Property Group in a research report on Thursday, June 18th. Finally, Wolfe Research downgraded shares of Simon Property Group from an “outperform” rating to a “peer perform” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $211.47.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Stance Capital LLC purchased a new stake in shares of Simon Property Group during the third quarter valued at $26,000. Wilkerson Advisory Group LLC acquired a new position in Simon Property Group in the 4th quarter worth approximately $29,000. SHP Wealth Management purchased a new position in Simon Property Group during the 4th quarter worth approximately $34,000. Dynamic Wealth Strategies LLC raised its position in Simon Property Group by 195.8% during the 1st 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 last quarter. Finally, Tompkins Financial Corp purchased a new stake in shares of Simon Property Group in the 4th quarter valued at $42,000. Hedge funds and other institutional investors own 93.01% of the company’s stock.

About Simon Property Group

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.