Simon Property Group (NYSE:SPG) Director Buys $47,044.96 in Stock

Simon Property Group, Inc. (NYSE:SPG) Director Gary Rodkin bought 232 shares of Simon Property Group stock in a transaction that occurred on Wednesday, September 30th. The shares were acquired at an average price of $202.78 per share, with a total value of $47,044.96. Following the acquisition, the director directly owned 21,248 shares of the company’s stock, valued at $4,308,669.44. The trade was a 1.10% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Simon Property Group Stock Up 0.2%

Shares of SPG stock opened at $201.15 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 5.19. Simon Property Group, Inc. has a 1 year low of $172.19 and a 1 year high of $238.50. The firm’s fifty day moving average price is $214.57 and its two-hundred day moving average price is $209.40. The firm has a market capitalization of $65.08 billion, a P/E ratio of 14.19, a PEG ratio of 3.10 and a beta of 1.30.

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

Simon Property Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a $9.00 annualized dividend and a yield of 4.5%. Simon Property Group’s dividend payout ratio is 63.47%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SPG shares. Deutsche Bank Aktiengesellschaft cut Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price objective on the stock. in a research note on Thursday, July 9th. Truist Financial initiated coverage on shares of Simon Property Group in a research note on Friday. They issued a “hold” rating and a $215.00 target price for the company. Weiss Ratings upgraded shares of Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, August 12th. Bank of America upped their price target on shares of Simon Property Group from $225.00 to $236.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Finally, Barclays cut their price target on shares of Simon Property Group from $215.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday, September 28th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $227.64.

Key Headlines Impacting Simon Property Group

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

• Positive Sentiment: Truist Financial initiated coverage with a “hold” rating and a $215 price target, implying roughly 6.9% upside from the referenced trading level. The target provides support for the view that SPG may be undervalued after its recent pullback. Benzinga analyst coverage article
• Positive Sentiment: Multiple Simon directors purchased shares at approximately $202.78, led by Reuben Leibowitz’s 480-share purchase. Seven other directors, including Daniel Smith, Gary Rodkin, Stefan Selig, Marta Stewart, Randall Lewis, Nina Jones, and Peggy Roe, also bought shares. The combined insider purchases total approximately $338,000 and may signal that management views SPG as attractively valued. Simon Property Group insider buying report
• Positive Sentiment: A Seeking Alpha analysis identifies Simon Property Group as an A-rated REIT offering a yield above 4%, with accelerating net operating income and improved funds-from-operations guidance potentially supporting double-digit total returns if the sector recovers. SPG’s quarterly dividend is cited at $2.25 per share, or $9.00 annualized, for an approximately 4.5% yield. Seeking Alpha REIT valuation analysis
• Neutral Sentiment: Truist’s “hold” rating is constructive on valuation but does not represent a bullish recommendation. The stock also remains below its 50-day and 200-day moving averages, indicating continued technical weakness.
• Negative Sentiment: Rising bond yields are weighing on REIT valuations and increase the relative appeal of bonds compared with dividend-paying real estate stocks. Higher borrowing costs could also pressure SPG’s highly leveraged balance sheet, making interest-rate volatility the principal near-term risk. Rising bond yields and REITs article

Institutional Trading of Simon Property Group

Hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its holdings in shares of Simon Property Group by 3.7% in the second quarter. Envestnet Asset Management Inc. now owns 337,371 shares of the real estate investment trust’s stock valued at $75,453,000 after purchasing an additional 11,947 shares during the last quarter. U S Wealth Group LLC. raised its position in shares of Simon Property Group by 9.8% in the second quarter. U S Wealth Group LLC. now owns 16,406 shares of the real estate investment trust’s stock valued at $3,669,000 after purchasing an additional 1,458 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Simon Property Group by 1.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 248,541 shares of the real estate investment trust’s stock worth $55,586,000 after buying an additional 2,902 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Simon Property Group by 20.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 11,752 shares of the real estate investment trust’s stock worth $2,628,000 after buying an additional 1,974 shares during the last quarter. Finally, IPG Investment Advisors LLC bought a new stake in shares of Simon Property Group during the 2nd quarter worth about $1,903,000. 93.01% of the stock is owned by institutional investors and hedge funds.

About Simon Property Group

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.