Key Points
- Insider buying: Multiple Simon Property Group directors bought shares at $186 on Dec. 31 — including Director Peggy Roe (78 shares, now 6,804), with other directors purchasing between 35 and 480 shares, indicating insider accumulation.
- Dividend and results: The company raised its quarterly dividend to $2.20 (annualized $8.80, ~4.8% yield) and recently beat quarterly EPS estimates ($3.22 vs. $3.09), with FY2025 guidance set at 12.60–12.70 EPS.
- Market view: Analysts have a consensus "Hold" with a ~$189.83 price target, and institutional investors own about 93% of the stock.
Simon Property Group, Inc. (NYSE:SPG - Get Free Report) Director Randall Lewis purchased 54 shares of Simon Property Group stock in a transaction dated Wednesday, December 31st. The shares were purchased at an average cost of $186.00 per share, with a total value of $10,044.00. Following the acquisition, the director owned 5,827 shares of the company's stock, valued at approximately $1,083,822. This trade represents a 0.94% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Simon Property Group Trading Down 0.4%
Shares of NYSE:SPG opened at $183.28 on Tuesday. The company has a market cap of $59.83 billion, a PE ratio of 26.68, a P/E/G ratio of 8.78 and a beta of 1.37. The company's 50-day moving average price is $182.97 and its 200 day moving average price is $176.55. Simon Property Group, Inc. has a fifty-two week low of $136.34 and a fifty-two week 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.
Simon Property Group (NYSE:SPG - Get Free Report) last posted its earnings results on Monday, November 3rd. The real estate investment trust reported $3.22 EPS for the quarter, topping the consensus estimate of $3.09 by $0.13. The firm had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.41 billion. Simon Property Group had a net margin of 38.18% and a return on equity of 79.30%. Simon Property Group's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.05 EPS. Simon Property Group has set its FY 2025 guidance at 12.600-12.700 EPS. Sell-side analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.
Simon Property Group Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th were paid a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Wednesday, December 10th. This is an increase from Simon Property Group's previous quarterly dividend of $2.15. Simon Property Group's dividend payout ratio (DPR) is presently 128.09%.
Trending Headlines about Simon Property Group
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
Analysts Set New Price Targets
SPG has been the topic of a number of recent analyst reports. Scotiabank lifted their price objective on shares of 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. Morgan Stanley increased 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 report on Thursday, September 11th. Weiss Ratings reiterated a "buy (b)" rating on shares of Simon Property Group in a research note on Tuesday, October 14th. Barclays upped their target price on Simon Property Group from $180.00 to $186.00 and gave the stock an "equal weight" rating in a research report on Tuesday, November 18th. Finally, Citigroup increased their price target 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. Four research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $189.83.
Read Our Latest Research Report on SPG
Institutional Trading of Simon Property Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in SPG. Stance Capital LLC acquired a new position in Simon Property Group during the third quarter valued at $26,000. Trust Co. of Toledo NA OH acquired a new stake in Simon Property Group during the 2nd quarter worth about $25,000. Silicon Valley Capital Partners acquired a new stake in Simon Property Group during the 2nd quarter worth about $30,000. VSM Wealth Advisory LLC purchased a new position in Simon Property Group during the 2nd quarter valued at about $30,000. Finally, Atlantic Union Bankshares Corp increased its holdings 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 owned by institutional investors and hedge funds.
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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