Simon Property Group (NYSE:SPG) Director Acquires $19,860.35 in Stock

Simon Property Group, Inc. (NYSE:SPG) Director Peggy Roe bought 89 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were acquired at an average price of $223.15 per share, with a total value of $19,860.35. Following the completion of the acquisition, the director directly owned 8,047 shares in the company, valued at $1,795,688.05. This represents a 1.12% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Simon Property Group Stock Performance

Shares of SPG opened at $225.77 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68. The stock has a market cap of $73.21 billion, a P/E ratio of 15.69, a PEG ratio of 4.09 and a beta of 1.29. The company has a 50-day moving average of $209.31 and a two-hundred day moving average of $197.56. Simon Property Group, Inc. has a 12-month low of $159.33 and a 12-month high of $228.57.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings results 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 the consensus estimate of $1.54 billion. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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 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 announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Tuesday, June 9th. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s dividend payout ratio is currently 62.54%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SPG. Wellington Management Group LLP grew its holdings 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 during the period. 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.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SPG shares. Wolfe Research downgraded Simon Property Group from an “outperform” rating to a “peer perform” rating in a research report on Tuesday. Weiss Ratings downgraded Simon Property Group from a “buy (a-)” rating to a “buy (b)” rating in a research report on Monday. Barclays increased their price objective on Simon Property Group from $212.00 to $213.00 and gave the company an “equal weight” rating in a research note on Thursday, June 25th. Citigroup lifted their price objective 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. Finally, Evercore set a $208.00 target price on shares of Simon Property Group in a research note on Monday, June 8th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $211.47.

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.