Stefan Selig Purchases 220 Shares of Simon Property Group (NYSE:SPG) Stock

Simon Property Group, Inc. (NYSE:SPG) Director Stefan Selig purchased 220 shares of Simon Property Group stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average cost of $223.27 per share, with a total value of $49,119.40. Following the completion of the acquisition, the director directly owned 33,812 shares in the company, valued at approximately $7,549,205.24. This trade represents a 0.65% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Simon Property Group Price Performance

SPG stock traded down $1.21 during trading on Wednesday, reaching $222.44. 1,297,539 shares of the company were exchanged, compared to its average volume of 1,767,284. The stock’s 50 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 debt-to-equity ratio of 4.68, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market cap of $72.13 billion, a P/E ratio of 15.45, a PEG ratio of 4.11 and a beta of 1.31.

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

Simon Property Group Increases Dividend

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

Hedge Funds Weigh In On Simon Property Group

Several institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted 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 worth $1,383,145,000 after buying an additional 6,366,711 shares during the last quarter. Norges Bank purchased a new position in shares of Simon Property Group during the 4th quarter worth about $1,112,111,000. Capital World Investors lifted its holdings in shares of Simon Property Group by 45.0% during the 3rd quarter. Capital World Investors now owns 8,384,133 shares of the real estate investment trust’s stock worth $1,573,450,000 after acquiring an additional 2,600,508 shares during the period. Bank of America Corp DE boosted its position in shares of Simon Property Group by 6.1% in the first quarter. Bank of America Corp DE now owns 8,503,133 shares of the real estate investment trust’s stock worth $1,586,089,000 after acquiring an additional 491,519 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of Simon Property Group by 78.9% in the third quarter. Barclays PLC now owns 1,103,843 shares of the real estate investment trust’s stock worth $207,158,000 after acquiring an additional 486,967 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SPG. Stifel Nicolaus raised their target price on shares of Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a report on Tuesday, May 12th. Bank of America lifted their price objective 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 upgraded Simon Property Group to a “strong-buy” rating in a report on Friday, June 26th. Weiss Ratings cut Simon Property Group from a “buy (a-)” rating to a “buy (b)” rating in a report on Monday. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.