Simon Property Group (NYSE:SPG) Director Peggy Roe Purchases 78 Shares of Stock

Simon Property Group, Inc. (NYSE:SPGGet Free Report) Director Peggy Roe acquired 78 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was purchased at an average price of $186.00 per share, with a total value of $14,508.00. Following the acquisition, the director owned 6,804 shares of the company’s stock, valued at $1,265,544. This represents a 1.16% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Simon Property Group Stock Performance

Shares of SPG stock opened at $183.28 on Tuesday. The company’s fifty day moving average price is $182.97 and its 200-day moving average price is $176.55. The stock has a market cap of $59.83 billion, a PE ratio of 26.68, a price-to-earnings-growth 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. Simon Property Group, Inc. has a 12 month low of $136.34 and a 12 month high of $190.13.

Simon Property Group (NYSE:SPGGet Free Report) last issued its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.41 billion. During the same period last year, the company posted $3.05 EPS. Simon Property Group’s 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, equities analysts expect that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SPG. Trust Co. of Toledo NA OH purchased a new position in Simon Property Group during the second quarter valued at $25,000. Stance Capital LLC purchased a new stake in Simon Property Group in the 3rd quarter worth $26,000. VSM Wealth Advisory LLC bought a new position in shares of Simon Property Group during the 2nd quarter valued at about $30,000. Silicon Valley Capital Partners purchased a new position in shares of Simon Property Group during the second quarter valued at about $30,000. Finally, Bell Investment Advisors Inc grew its position in shares of Simon Property Group by 205.6% during the second quarter. Bell Investment Advisors Inc now owns 217 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 146 shares in the last quarter. 93.01% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Simon Property Group

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Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Scotiabank raised their price target on Simon Property Group from $173.00 to $186.00 and gave the company a “sector perform” rating in a report on Thursday, November 13th. Morgan Stanley raised their price objective on shares of Simon Property Group from $170.00 to $180.00 and gave the company an “equal weight” rating in a research note on Thursday, September 11th. Evercore ISI lifted their target price on shares of Simon Property Group from $187.00 to $188.00 and gave the stock an “in-line” rating in a report on Friday, October 17th. Barclays upped their target price on shares of Simon Property Group from $180.00 to $186.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 18th. Finally, Citigroup boosted their price objective on shares of Simon Property Group from $170.00 to $185.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Four equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Simon Property Group currently has a consensus rating of “Hold” and an average price target of $189.83.

Read Our Latest Analysis on SPG

Simon Property Group Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Simon Property Group (NYSE:SPG)

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