Simon Property Group (NYSE:SPG) Director Glyn Aeppel Buys 216 Shares of Stock

Simon Property Group, Inc. (NYSE:SPG) Director Glyn Aeppel bought 216 shares of Simon Property Group stock in a transaction that occurred on Wednesday, December 31st. The stock was bought at an average price of $186.00 per share, with a total value of $40,176.00. Following the purchase, the director owned 19,481 shares of the company’s stock, valued at $3,623,466. This trade represents a 1.12% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Simon Property Group Trading Down 0.4%

Shares of SPG opened at $183.28 on Tuesday. Simon Property Group, Inc. has a 12-month low of $136.34 and a 12-month high of $190.13. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 9.59. 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 stock’s 50-day moving average price is $182.97 and its 200 day moving average price is $176.55.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $3.22 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the company earned $3.05 EPS. The company’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. As a group, research analysts predict that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th were given a $2.20 dividend. 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. The ex-dividend date of this dividend was Wednesday, December 10th. Simon Property Group’s dividend payout ratio (DPR) is 128.09%.

Simon Property Group News Roundup

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on SPG. Evercore ISI increased 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 increased their price target on shares of Simon Property Group from $179.00 to $184.00 and gave the stock a “hold” rating in a research report on Tuesday, November 4th. Citigroup upped their price objective on Simon Property Group from $170.00 to $185.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Piper Sandler raised their target price on Simon Property Group from $210.00 to $225.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Finally, 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. Four research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Simon Property Group has an average rating of “Hold” and a consensus price target of $189.83.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Trust Co. of Toledo NA OH bought a new position in Simon Property Group in the second quarter valued at about $25,000. Stance Capital LLC acquired a new position in Simon Property Group during the 3rd quarter valued at about $26,000. VSM Wealth Advisory LLC bought a new position in shares of Simon Property Group in the 2nd quarter valued at about $30,000. Silicon Valley Capital Partners acquired a new stake in shares of Simon Property Group during the 2nd quarter worth approximately $30,000. Finally, Bell Investment Advisors Inc grew its position in shares of Simon Property Group by 205.6% during the 2nd quarter. Bell Investment Advisors Inc now owns 217 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 146 shares during the period. 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.