Simon Property Group (NYSE:SPG) Director Acquires $42,178.24 in Stock

Simon Property Group, Inc. (NYSE:SPG) Director Stefan Selig purchased 208 shares of the business’s stock in a transaction on Wednesday, September 30th. The shares were purchased at an average cost of $202.78 per share, for a total transaction of $42,178.24. Following the transaction, the director directly owned 34,020 shares of the company’s stock, valued at approximately $6,898,575.60. The trade was a 0.62% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Simon Property Group Trading Up 0.0%

Simon Property Group stock traded up $0.08 during trading hours on Thursday, reaching $200.84. 1,140,667 shares of the company’s stock were exchanged, compared to its average volume of 1,632,737. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.19. The firm’s 50 day simple moving average is $215.62 and its 200 day simple moving average is $209.36. Simon Property Group, Inc. has a twelve month low of $172.19 and a twelve month high of $238.50. The firm has a market capitalization of $64.98 billion, a PE ratio of 14.16, a PEG ratio of 3.15 and a beta of 1.28.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.15). The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.70 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Research analysts predict that Simon Property Group, Inc. will post 13.23 earnings per share for the current year.

Simon Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th were issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Wednesday, September 9th. Simon Property Group’s payout ratio is presently 63.47%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Simon Property Group by 13,579.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,604,590 shares of the real estate investment trust’s stock worth $806,167,000 after acquiring an additional 3,578,240 shares in the last quarter. Legal & General Group Plc acquired a new stake in Simon Property Group in the second quarter valued at approximately $783,974,000. Canada Pension Plan Investment Board bought a new stake in shares of Simon Property Group during the second quarter valued at approximately $489,647,000. Caisse de depot et placement du Quebec bought a new stake in shares of Simon Property Group during the second quarter valued at approximately $143,948,000. Finally, Bank of America Corp DE increased its holdings in shares of Simon Property Group by 6.1% during the first quarter. Bank of America Corp DE now owns 8,503,133 shares of the real estate investment trust’s stock valued at $1,586,089,000 after acquiring an additional 491,519 shares in the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SPG. Deutsche Bank Aktiengesellschaft cut Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price target on the stock. in a report on Thursday, July 9th. LADENBURG THALM/SH SH lifted their price objective on shares of Simon Property Group from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Truist Financial boosted their target price on shares of Simon Property Group from $196.00 to $215.00 and gave the company a “hold” rating in a research report on Tuesday, June 23rd. Wolfe Research lowered shares of Simon Property Group from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 30th. Finally, Mizuho raised their price target on shares of Simon Property Group from $211.00 to $226.00 and gave the stock a “neutral” rating in a report on Thursday, August 27th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $227.64.

Simon Property Group Company Profile

Simon Property Group, Inc (NYSE: SPG) is a real estate investment trust that owns, develops, and manages premier shopping, dining, entertainment, and mixed-use destinations. Its portfolio includes regional malls, premium outlet centers, and other retail properties designed to serve consumers and attract national and international retailers.

The company generates revenue primarily through leasing retail and commercial space to tenants and through related property-management and development activities.