Simon Property Group (NYSE:SPG) Director Peggy Roe Buys 88 Shares of Company Stock

Simon Property Group, Inc. (NYSE:SPG) Director Peggy Roe acquired 88 shares of Simon Property Group stock in a transaction that occurred on Wednesday, September 30th. The shares were bought at an average price of $202.78 per share, with a total value of $17,844.64. Following the transaction, the director directly owned 8,135 shares in the company, valued at approximately $1,649,615.30. This trade represents a 1.09% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Simon Property Group Stock Performance

SPG traded up $0.08 during trading on Thursday, reaching $200.84. 1,140,667 shares of the company were exchanged, compared to its average volume of 1,632,737. The stock has a market cap of $64.98 billion, a P/E ratio of 14.16, a PEG ratio of 3.15 and a beta of 1.28. The firm has a 50 day moving average of $215.62 and a 200 day moving average of $209.36. 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 52 week low of $172.19 and a 52 week high of $238.50.

Simon Property Group (NYSE:SPG) last posted its earnings results 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). Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the business posted $1.70 earnings per share. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. On average, sell-side analysts forecast that Simon Property Group, Inc. will post 13.23 EPS for the current fiscal year.

Simon Property Group Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in Simon Property Group by 1.2% in the second quarter. BlackRock Inc. now owns 37,269,192 shares of the real estate investment trust’s stock worth $8,335,255,000 after purchasing an additional 455,543 shares during the period. Wellington Management Group LLP boosted its stake in Simon Property Group by 2.7% during the 2nd quarter. Wellington Management Group LLP now owns 9,390,325 shares of the real estate investment trust’s stock valued at $2,100,146,000 after purchasing an additional 242,709 shares in the last quarter. Capital World Investors increased its position in shares of Simon Property Group by 2.7% during the 4th quarter. Capital World Investors now owns 8,610,404 shares of the real estate investment trust’s stock valued at $1,593,872,000 after purchasing an additional 226,271 shares during the period. Bank of America Corp DE increased its position in shares of Simon Property Group by 6.1% during the 1st 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 purchasing an additional 491,519 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Simon Property Group by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,606,481 shares of the real estate investment trust’s stock valued at $859,209,000 after purchasing an additional 105,524 shares during the period. Institutional investors and hedge funds own 93.01% of the company’s stock.

Wall Street Analysts Forecast Growth

SPG has been the subject of a number of analyst reports. Morgan Stanley boosted their target price on shares of Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 9th. Weiss Ratings raised Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, August 12th. Piper Sandler boosted their price objective on Simon Property Group from $230.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Citigroup increased their price objective on Simon Property Group from $205.00 to $230.00 and gave the stock a “neutral” rating in a report on Monday, August 17th. Finally, Wolfe Research cut Simon Property Group from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, June 30th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.