Simon Property Group (NYSE:SPG) Director Daniel Smith Acquires 372 Shares

Simon Property Group, Inc. (NYSE:SPG) Director Daniel Smith purchased 372 shares of Simon Property Group stock in a transaction on Tuesday, June 30th. The stock was bought at an average cost of $223.31 per share, with a total value of $83,071.32. Following the transaction, the director directly owned 34,480 shares of the company’s stock, valued at approximately $7,699,728.80. The trade was a 1.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Simon Property Group Stock Down 0.3%

Shares of Simon Property Group stock opened at $222.88 on Thursday. The stock has a 50 day moving average price of $208.41 and a two-hundred day moving average price of $197.06. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 4.68. Simon Property Group, Inc. has a 12-month low of $159.33 and a 12-month high of $228.57. The stock has a market capitalization of $72.28 billion, a P/E ratio of 15.49, a PEG ratio of 4.04 and a beta of 1.29.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior year, the firm earned $2.95 EPS. Simon Property Group’s quarterly revenue 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. Equities analysts expect that Simon Property Group, Inc. will post 13.21 earnings per share for the current year.

Simon Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were paid a $2.25 dividend. The ex-dividend date 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 annualized dividend and a dividend yield of 4.0%. Simon Property Group’s dividend payout ratio is 62.54%.

Key Stories Impacting Simon Property Group

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

• Positive Sentiment: Barclays raised its price target on Simon Property Group ahead of second-quarter earnings, signaling a more favorable view of the REIT’s near-term fundamentals and dividend appeal. Barclays Raises Simon Property Group (SPG) Price Target as Part of Q2 Earnings Preview
• Positive Sentiment: Multiple Simon Property Group directors bought shares on June 30, including several meaningful insider purchases, which can be read as a sign of confidence in the stock and the company’s valuation. SEC filing for director purchase
• Positive Sentiment: Simon announced it will report second-quarter 2026 results after the market close on August 10, setting up the next major catalyst for SPG shares. Simon Announces Date For Its Second Quarter 2026 Earnings Release And Conference Call
• Neutral Sentiment: Analysts have been mixed on Simon Property Group versus other REITs, so the latest commentary adds attention to the name but does not clearly change the investment case by itself. Analysts Have Conflicting Sentiments on These Real Estate Companies: Simon Property (SPG) and EPR Properties (EPR)

Institutional Trading of Simon Property Group

A number of large investors have recently made changes to their positions in the company. Sapient Capital LLC raised its position in shares of Simon Property Group by 1.1% during the first quarter. Sapient Capital LLC now owns 111,276 shares of the real estate investment trust’s stock worth $20,756,000 after purchasing an additional 1,230 shares during the period. DV Trading LLC bought a new stake in shares of Simon Property Group in the first quarter valued at about $224,000. Parallel Advisors LLC boosted its position in shares of Simon Property Group by 8.8% during the first quarter. Parallel Advisors LLC now owns 5,431 shares of the real estate investment trust’s stock worth $1,013,000 after buying an additional 440 shares during the period. Alpine Woods Capital Investors LLC grew its holdings in shares of Simon Property Group by 24.5% during the first quarter. Alpine Woods Capital Investors LLC now owns 16,470 shares of the real estate investment trust’s stock worth $3,072,000 after buying an additional 3,246 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its holdings in shares of Simon Property Group by 0.8% in the first quarter. Glenmede Trust Co. NA now owns 85,912 shares of the real estate investment trust’s stock valued at $16,025,000 after purchasing an additional 671 shares during the last quarter. Institutional investors own 93.01% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Bank of America upped their price objective on shares of Simon Property Group from $225.00 to $236.00 and gave the company a “buy” rating in a research report on Monday. Citigroup boosted their target price on shares of Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Truist Financial increased their price target on Simon Property Group from $196.00 to $215.00 and gave the stock a “hold” rating in a research report on Tuesday, June 23rd. Jefferies Financial Group raised shares of Simon Property Group to a “strong-buy” rating in a report on Friday, June 26th. Finally, UBS Group set a $220.00 target price on Simon Property Group in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $211.47.

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.