Glyn Aeppel Buys 243 Shares of Simon Property Group (NYSE:SPG) Stock

Simon Property Group, Inc. (NYSE:SPGGet Free Report) Director Glyn Aeppel bought 243 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average price of $223.36 per share, for a total transaction of $54,276.48. Following the acquisition, the director directly owned 21,067 shares of the company’s stock, valued at approximately $4,705,525.12. The trade was a 1.17% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Simon Property Group Stock Performance

Shares of NYSE:SPG opened at $225.77 on Friday. The business has a fifty day moving average of $208.83 and a 200-day moving average of $197.36. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.84 and a current ratio of 0.84. Simon Property Group, Inc. has a twelve month low of $159.33 and a twelve month high of $228.57. The firm has a market cap of $73.21 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 4.03 and a beta of 1.29.

Simon Property Group (NYSE:SPGGet Free Report) last issued its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.02. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the company earned $2.95 EPS. The firm’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. On average, equities research analysts predict that Simon Property Group, Inc. will post 13.21 EPS 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. Stockholders of record on Tuesday, June 9th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 4.0%. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date of this dividend was Tuesday, June 9th. Simon Property Group’s payout ratio is currently 62.54%.

Key Stories Impacting Simon Property Group

Here are the key news stories impacting Simon Property Group this week:

Institutional Investors Weigh In On Simon Property Group

A number of institutional investors and hedge funds have recently modified their holdings of SPG. Versant Capital Management Inc grew its holdings in Simon Property Group by 4.9% during the 2nd quarter. Versant Capital Management Inc now owns 1,412 shares of the real estate investment trust’s stock worth $316,000 after acquiring an additional 66 shares during the period. CX Institutional lifted its stake in shares of Simon Property Group by 16.4% in the 2nd quarter. CX Institutional now owns 2,217 shares of the real estate investment trust’s stock valued at $496,000 after purchasing an additional 312 shares during the period. Sapient Capital LLC lifted its stake in shares of Simon Property Group by 1.1% in the 1st quarter. Sapient Capital LLC now owns 111,276 shares of the real estate investment trust’s stock valued at $20,756,000 after purchasing an additional 1,230 shares during the period. DV Trading LLC bought a new position in shares of Simon Property Group in the 1st quarter worth $224,000. Finally, Parallel Advisors LLC boosted its position in shares of Simon Property Group by 8.8% in the 1st quarter. Parallel Advisors LLC now owns 5,431 shares of the real estate investment trust’s stock worth $1,013,000 after purchasing an additional 440 shares during the last quarter. 93.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

SPG has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a research report on Monday, June 1st. Wolfe Research cut Simon Property Group from an “outperform” rating to a “peer perform” rating in a research note on Tuesday. Citigroup boosted their target price on Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Stifel Nicolaus upped their price target on Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a research note on Tuesday, May 12th. Finally, Morgan Stanley raised their price target on Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a report on Tuesday, June 9th. One equities 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $211.47.

View Our Latest Report on SPG

Simon Property Group Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Simon Property Group (NYSE:SPG)

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