Simon Property Group (NYSE:SPG) Director Reuben Leibowitz Purchases 480 Shares of Stock

Simon Property Group, Inc. (NYSE:SPG) Director Reuben Leibowitz bought 480 shares of the business’s stock in a transaction dated Wednesday, December 31st. The stock was acquired at an average price of $186.00 per share, for a total transaction of $89,280.00. Following the purchase, the director directly owned 53,639 shares in the company, valued at approximately $9,976,854. The trade was a 0.90% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Simon Property Group Stock Performance

Shares of SPG opened at $183.28 on Tuesday. The stock has a 50 day moving average of $182.97 and a 200 day moving average of $176.55. The company has a market capitalization of $59.83 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 8.78 and a beta of 1.37. Simon Property Group, Inc. has a 12 month low of $136.34 and a 12 month high of $190.13. 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 (NYSE:SPG) last posted its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $3.22 earnings per share 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 business 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 firm earned $3.05 earnings per share. The business’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. As a group, sell-side analysts forecast 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 disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th were issued a dividend of $2.20 per share. This represents a $8.80 dividend on an annualized basis and a yield of 4.8%. This is a boost from Simon Property Group’s previous quarterly dividend of $2.15. The ex-dividend date was Wednesday, December 10th. Simon Property Group’s dividend payout ratio is 128.09%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on SPG shares. Stifel Nicolaus increased their target price 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. Evercore ISI raised their target price on Simon Property Group from $187.00 to $188.00 and gave the stock an “in-line” rating in a research report on Friday, October 17th. Morgan Stanley boosted their target price on 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. Barclays increased their price target on 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, Piper Sandler lifted their price objective on Simon Property Group from $210.00 to $225.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. Four equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, Simon Property Group presently has an average rating of “Hold” and a consensus target price of $189.83.

Hedge Funds Weigh In On Simon Property Group

A number of large investors have recently made changes to their positions in SPG. Brighton Jones LLC purchased a new stake in Simon Property Group during the 4th quarter worth about $295,000. State of Wyoming bought a new stake in shares of Simon Property Group during the first quarter valued at about $118,000. Focus Partners Advisor Solutions LLC lifted its holdings in shares of Simon Property Group by 9.1% in the first quarter. Focus Partners Advisor Solutions LLC now owns 1,699 shares of the real estate investment trust’s stock worth $282,000 after buying an additional 141 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Simon Property Group by 45.4% in the first quarter. AQR Capital Management LLC now owns 211,810 shares of the real estate investment trust’s stock worth $34,773,000 after buying an additional 66,174 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of Simon Property Group in the first quarter valued at approximately $539,000. 93.01% of the stock is owned by institutional investors.

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

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.