Simon Property Group (NYSE:SPG) Director Reuben Leibowitz Buys 480 Shares of Stock

Simon Property Group, Inc. (NYSE:SPG) Director Reuben Leibowitz purchased 480 shares of Simon Property Group stock in a transaction on Wednesday, September 30th. The shares were acquired at an average cost of $202.78 per share, for a total transaction of $97,334.40. Following the completion of the transaction, the director owned 56,277 shares of the company’s stock, valued at $11,411,850.06. This represents a 0.86% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Simon Property Group Trading Up 0.0%

SPG traded up $0.08 during trading on Thursday, hitting $200.84. 1,140,667 shares of the company’s stock were exchanged, compared to its average volume of 1,632,737. Simon Property Group, Inc. has a 1 year low of $172.19 and a 1 year high of $238.50. The stock has a 50 day moving average price of $215.62 and a 200 day moving average price of $209.36. The firm has a market cap of $64.98 billion, a P/E ratio of 14.16, a price-to-earnings-growth ratio of 3.15 and a beta of 1.28. 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 (NYSE:SPG) last issued its earnings results 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 during the quarter, compared to analysts’ expectations of $1.61 billion. Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The business’s revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.70 EPS. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. As a group, analysts expect that Simon Property Group, Inc. will post 13.23 EPS for the current fiscal year.

Simon Property Group Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 4.5%. The ex-dividend date was Wednesday, September 9th. Simon Property Group’s dividend payout ratio is currently 63.47%.

Wall Street Analyst Weigh In

A number of research analysts have commented on SPG shares. LADENBURG THALM/SH SH boosted their price objective on Simon Property Group from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Barclays dropped their target price on Simon Property Group from $215.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday. Morgan Stanley boosted their price target on Simon Property Group from $205.00 to $207.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 9th. Evercore set a $216.00 price target on Simon Property Group in a report on Monday, September 21st. Finally, Citigroup increased their price objective on shares of Simon Property Group from $205.00 to $230.00 and gave the company a “neutral” rating in a research report on Monday, August 17th. Two research 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $227.64.

Institutional Trading of Simon Property Group

A number of hedge funds and other institutional investors have recently modified their holdings of SPG. BlackRock Inc. boosted its holdings 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 valued at $8,335,255,000 after purchasing an additional 455,543 shares during the last quarter. Wellington Management Group LLP increased its holdings 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 worth $2,100,146,000 after purchasing an additional 242,709 shares during the last quarter. Capital World Investors increased its holdings in 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 worth $1,593,872,000 after purchasing an additional 226,271 shares during the last quarter. Bank of America Corp DE raised its position in shares of Simon Property Group by 6.1% in 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Simon Property Group by 2.3% in 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 in the last quarter. 93.01% of the stock is owned by hedge funds and other institutional investors.

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.