Simon Property Group (NYSE:SPG) Director Daniel Smith Acquires 347 Shares

Simon Property Group, Inc. (NYSE:SPG) Director Daniel Smith purchased 347 shares of the stock in a transaction dated Wednesday, December 31st. The stock was acquired at an average cost of $186.00 per share, for a total transaction of $64,542.00. Following the transaction, the director owned 32,680 shares of the company’s stock, valued at approximately $6,078,480. This trade represents a 1.07% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Simon Property Group Stock Down 0.4%

Simon Property Group stock opened at $183.28 on Tuesday. Simon Property Group, Inc. has a 1-year low of $136.34 and a 1-year high of $190.13. The firm has a market capitalization of $59.83 billion, a price-to-earnings ratio of 26.68, a P/E/G ratio of 8.78 and a beta of 1.37. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 9.59. The firm has a 50 day simple moving average of $182.97 and a 200 day simple moving average of $176.55.

Simon Property Group (NYSE:SPG) last posted its earnings results on Monday, November 3rd. The real estate investment trust reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.09 by $0.13. Simon Property Group had a return on equity of 79.30% and a net margin of 38.18%.The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the business posted $3.05 earnings per share. The business’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. On average, analysts predict that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Increases Dividend

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

More Simon Property Group News

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

• Positive Sentiment: Director Glyn Aeppel bought 216 shares at $186 (increasing his holding to 19,481 shares). Form 4 — Glyn Aeppel
• Positive Sentiment: Director Larry C. Glasscock bought 363 shares at $186 (holding rose to 43,899 shares). Form 4 — Larry C. Glasscock
• Positive Sentiment: Director Nina P. Jones bought 35 shares at $186 (holding 3,031 shares). Form 4 — Nina P. Jones
• Positive Sentiment: Director Reuben S. Leibowitz bought 480 shares at $186 (holding 53,639 shares). Form 4 — Reuben S. Leibowitz
• Positive Sentiment: Director Randall J. Lewis bought 54 shares at $186 (holding 5,827 shares). Form 4 — Randall J. Lewis
• Positive Sentiment: Director Gary M. Rodkin bought 226 shares at $186 (holding 19,455 shares). Form 4 — Gary M. Rodkin
• Positive Sentiment: Director Peggy Roe bought 78 shares at $186 (holding 6,804 shares). Form 4 — Peggy Roe
• Positive Sentiment: Director Stefan M. Selig bought 201 shares at $186 (holding 32,277 shares). Form 4 — Stefan M. Selig
• Positive Sentiment: Director Daniel C. Smith bought 347 shares at $186 (holding 32,680 shares). Form 4 — Daniel C. Smith
• Positive Sentiment: Director Marta R. Stewart bought 192 shares at $186 (holding 16,500 shares). Form 4 — Marta R. Stewart

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Evercore ISI boosted their price objective on shares of Simon Property Group from $187.00 to $188.00 and gave the company an “in-line” rating in a research note on Friday, October 17th. Stifel Nicolaus boosted their price target on shares of Simon Property Group from $179.00 to $184.00 and gave the company a “hold” rating in a research report on Tuesday, November 4th. Morgan Stanley upped their price target on shares of Simon Property Group from $170.00 to $180.00 and gave the stock an “equal weight” rating in a report on Thursday, September 11th. Barclays lifted their price objective on Simon Property Group from $180.00 to $186.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 18th. Finally, Piper Sandler upped their target price on Simon Property Group from $210.00 to $225.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Four investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, Simon Property Group currently has an average rating of “Hold” and an average price target of $189.83.

Simon Property Group Company Profile

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.