Simon Property Group (NYSE:SPG) Director Stefan Selig Acquires 201 Shares

Simon Property Group, Inc. (NYSE:SPG) Director Stefan Selig purchased 201 shares of Simon Property Group stock in a transaction on Wednesday, December 31st. The shares were acquired at an average price of $186.00 per share, for a total transaction of $37,386.00. Following the completion of the transaction, the director directly owned 32,277 shares of the company’s stock, valued at approximately $6,003,522. The trade was a 0.63% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Simon Property Group Trading Up 0.2%

Simon Property Group stock traded up $0.41 during trading hours on Monday, reaching $184.38. The stock had a trading volume of 581,441 shares, compared to its average volume of 772,877. The stock has a market cap of $60.19 billion, a PE ratio of 26.84, a PEG ratio of 8.78 and a beta of 1.37. Simon Property Group, Inc. has a 52 week low of $136.34 and a 52 week high of $190.13. The company has a fifty day simple moving average of $182.90 and a 200-day simple moving average of $176.36. The company has a debt-to-equity ratio of 9.59, a current ratio of 1.44 and a quick ratio of 1.44.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.09 by $0.13. Simon Property Group had a net margin of 38.18% and a return on equity of 79.30%. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the previous year, the company earned $3.05 earnings per share. Simon Property Group’s quarterly revenue was up 8.2% on a year-over-year basis. Simon Property Group has set its FY 2025 guidance at 12.600-12.700 EPS. Analysts forecast that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th were issued a $2.20 dividend. This represents a $8.80 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Wednesday, December 10th. This is an increase from Simon Property Group’s previous quarterly dividend of $2.15. Simon Property Group’s dividend payout ratio (DPR) is presently 128.09%.

Trending Headlines about Simon Property Group

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

• Positive Sentiment: Multiple directors increased their holdings (Glyn Aeppel, Larry C. Glasscock, Nina P. Jones, Reuben S. Leibowitz, Randall J. Lewis, Gary M. Rodkin, Peggy Roe, Stefan M. Selig, Daniel C. Smith, Marta R. Stewart). Purchases ranged from 35 to 480 shares apiece at an average price of $186, modest in size but broad across the board — a supportive insider signal. Read More.
• Neutral Sentiment: The dollar amounts are small relative to SPG’s $60B market cap and don’t change ownership control; this makes the purchases more of a confidence signal than a material financial commitment. Read More.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SPG. Scotiabank boosted their price target on Simon Property Group from $173.00 to $186.00 and gave the company a “sector perform” rating in a research note on Thursday, November 13th. Truist Financial increased their target price on Simon Property Group from $169.00 to $181.00 and gave the stock a “hold” rating in a research report on Wednesday, December 17th. Stifel Nicolaus increased their price objective on shares of Simon Property Group from $179.00 to $184.00 and gave the company a “hold” rating in a report on Tuesday, November 4th. Morgan Stanley raised their target price on shares of Simon Property Group from $170.00 to $180.00 and gave the company an “equal weight” rating in a report on Thursday, September 11th. Finally, Piper Sandler upped their price objective on Simon Property Group from $210.00 to $225.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. Four analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $189.83.

Hedge Funds Weigh In On Simon Property Group

Large investors have recently added to or reduced their stakes in the company. Stance Capital LLC acquired a new stake in Simon Property Group in the 3rd quarter worth approximately $26,000. Trust Co. of Toledo NA OH acquired a new stake in Simon Property Group in the 2nd quarter worth about $25,000. Silicon Valley Capital Partners acquired a new position in shares of Simon Property Group during the 2nd quarter valued at about $30,000. VSM Wealth Advisory LLC acquired a new position in Simon Property Group in the second quarter valued at approximately $30,000. Finally, Atlantic Union Bankshares Corp increased its position in shares of Simon Property Group by 143.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 209 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 123 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors.

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.