Insider Buying: Simon Property Group (NYSE:SPG) Director Buys $40,353.22 in Stock

Simon Property Group, Inc. (NYSE:SPG) Director Marta Stewart acquired 199 shares of the business’s 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 $40,353.22. Following the completion of the purchase, the director owned 18,199 shares in the company, valued at $3,690,393.22. This trade represents a 1.11% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Simon Property Group Trading Up 0.2%

Simon Property Group stock opened at $201.15 on Friday. Simon Property Group, Inc. has a 12-month low of $172.19 and a 12-month high of $238.50. The firm has a market capitalization of $65.08 billion, a price-to-earnings ratio of 14.19, a P/E/G ratio of 3.10 and a beta of 1.30. The firm has a 50 day moving average of $214.57 and a 200 day moving average of $209.40. 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 quarterly earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.15). The firm had revenue of $1.79 billion for 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%. Simon Property Group’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 EPS. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. As a group, 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 company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th were paid a dividend of $2.25 per share. The ex-dividend date was Wednesday, September 9th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.5%. Simon Property Group’s payout ratio is 63.47%.

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

Hedge Funds Weigh In On Simon Property Group

Institutional investors have recently bought and sold shares of the business. Ancora Advisors LLC purchased a new position in shares of Simon Property Group in the 2nd quarter worth $27,000. Osbon Capital Management LLC bought a new position in shares of Simon Property Group in the 2nd quarter valued at about $32,000. SHP Wealth Management purchased a new position in Simon Property Group in the fourth quarter worth about $34,000. Fiduciary Financial Advisors purchased a new position in Simon Property Group in the second quarter worth about $34,000. Finally, Dynamic Wealth Strategies LLC increased its stake in Simon Property Group by 195.8% during the first quarter. Dynamic Wealth Strategies LLC now owns 210 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 139 shares during the last quarter. Institutional investors own 93.01% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on SPG shares. Citigroup raised their price target on Simon Property Group from $205.00 to $230.00 and gave the company a “neutral” rating in a report on Monday, August 17th. UBS Group boosted their price target on Simon Property Group from $199.00 to $222.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. LADENBURG THALM/SH SH upped their price target 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. Deutsche Bank Aktiengesellschaft lowered shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 price objective for the company. in a report on Thursday, July 9th. Finally, Jefferies Financial Group upgraded shares of Simon Property Group to a “strong-buy” rating in a research report on Friday, June 26th. Two research 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 company’s stock. Based on data from MarketBeat.com, Simon Property Group presently has a consensus rating of “Hold” and a consensus target price of $227.64.

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.