Simon Property Group (NYSE:SPG) Director Purchases $57,175.04 in Stock

Simon Property Group, Inc. (NYSE:SPG) Director Gary Rodkin purchased 256 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average cost of $223.34 per share, with a total value of $57,175.04. Following the completion of the purchase, the director owned 21,016 shares in the company, valued at $4,693,713.44. This trade represents a 1.23% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Simon Property Group Trading Down 0.5%

Simon Property Group stock traded down $1.21 during midday trading on Wednesday, reaching $222.44. The stock had a trading volume of 1,297,539 shares, compared to its average volume of 1,767,284. 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 52-week low of $159.33 and a 52-week high of $228.57. The firm has a market cap of $72.13 billion, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 4.11 and a beta of 1.31. The company has a fifty day moving average of $208.10 and a 200 day moving average of $196.77.

Simon Property Group (NYSE:SPG) last announced its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.02. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the previous year, the business earned $2.95 earnings per share. The company’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. On average, analysts anticipate that Simon Property Group, Inc. will post 13.21 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Weiss Ratings cut shares of Simon Property Group from a “buy (a-)” rating to a “buy (b)” rating in a research report on Monday. Stifel Nicolaus lifted their price target on shares of Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a research note on Tuesday, May 12th. Evercore set a $208.00 price target on Simon Property Group in a report on Monday, June 8th. Citigroup increased their price objective on Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Finally, Truist Financial raised their price objective on Simon Property Group from $196.00 to $215.00 and gave the stock a “hold” rating in a report on Tuesday, June 23rd. One 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’s stock. According to data from MarketBeat, Simon Property Group presently has an average rating of “Hold” and a consensus target price of $211.47.

Institutional Investors Weigh In On Simon Property Group

Several large investors have recently modified their holdings of the business. Stance Capital LLC purchased a new stake in shares of Simon Property Group in the 3rd quarter worth approximately $26,000. Wilkerson Advisory Group LLC purchased a new position in Simon Property Group during the fourth quarter valued at approximately $29,000. SHP Wealth Management purchased a new position in Simon Property Group during the fourth quarter valued at approximately $34,000. Dynamic Wealth Strategies LLC raised its stake in Simon Property Group by 195.8% in the first quarter. Dynamic Wealth Strategies LLC now owns 210 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 139 shares in the last quarter. Finally, Tompkins Financial Corp bought a new position in Simon Property Group in the fourth quarter worth approximately $42,000. 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.