Insider Buying: Simon Property Group (NYSE:SPG) Director Acquires $13,835.92 in Stock

Simon Property Group, Inc. (NYSE:SPG) Director Randall Lewis bought 62 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were acquired at an average cost of $223.16 per share, with a total value of $13,835.92. Following the purchase, the director owned 7,018 shares of the company’s stock, valued at $1,566,136.88. The trade was a 0.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Simon Property Group Stock Down 0.1%

Shares of NYSE:SPG opened at $225.77 on Friday. The company has a market capitalization of $73.21 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 4.09 and a beta of 1.29. Simon Property Group, Inc. has a 12-month low of $159.33 and a 12-month high of $228.57. The business has a 50-day moving average price of $209.31 and a 200 day moving average price of $197.56. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68.

Simon Property Group (NYSE:SPG) last posted its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the prior year, the company posted $2.95 earnings per share. Simon Property Group’s revenue for the quarter was up 19.3% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Sell-side analysts expect that Simon Property Group, Inc. will post 13.21 EPS for the current year.

Simon Property Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were given a $2.25 dividend. The ex-dividend date of this dividend was Tuesday, June 9th. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 dividend on an annualized basis and a yield of 4.0%. Simon Property Group’s dividend payout ratio is presently 62.54%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SPG. Scotiabank lifted their price objective on Simon Property Group from $206.00 to $220.00 and gave the company a “sector perform” rating in a research note on Thursday, June 18th. Wolfe Research downgraded Simon Property Group from an “outperform” rating to a “peer perform” rating in a research report on Tuesday. Bank of America boosted 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 note on Monday, June 29th. Barclays raised their price objective on shares of 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. Finally, Stifel Nicolaus upped their target price on shares of Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $211.47.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. PFG Investments LLC increased its position in shares of Simon Property Group by 2.2% in the 1st quarter. PFG Investments LLC now owns 2,341 shares of the real estate investment trust’s stock valued at $437,000 after purchasing an additional 50 shares during the last quarter. Great Valley Advisor Group Inc. lifted its position in shares of Simon Property Group by 2.3% during the 4th quarter. Great Valley Advisor Group Inc. now owns 2,360 shares of the real estate investment trust’s stock worth $437,000 after purchasing an additional 52 shares during the last quarter. Veridan Wealth LLC increased its holdings in Simon Property Group by 1.2% in the fourth quarter. Veridan Wealth LLC now owns 4,563 shares of the real estate investment trust’s stock valued at $845,000 after buying an additional 53 shares during the last quarter. CYBER HORNET ETFs LLC increased its holdings in Simon Property Group by 6.2% in the fourth quarter. CYBER HORNET ETFs LLC now owns 936 shares of the real estate investment trust’s stock valued at $173,000 after buying an additional 55 shares during the last quarter. Finally, Embree Financial Group raised its stake in Simon Property Group by 2.4% in the fourth quarter. Embree Financial Group now owns 2,414 shares of the real estate investment trust’s stock valued at $447,000 after buying an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.

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.