Key Points
- Director Marta Stewart bought 199 Simon Property Group shares at an average price of $202.78, increasing her holdings by 1.11% to 18,199 shares.
- Simon Property Group reported quarterly revenue of $1.79 billion, up 19.5% year over year, but EPS of $1.49 fell short of analysts’ $1.64 estimate. The company maintained fiscal 2026 EPS guidance of $13.20–$13.30.
- The REIT pays a quarterly dividend of $2.25 per share, or $9.00 annualized, yielding approximately 4.5%. Analysts’ consensus rating is “Hold,” with an average price target of $227.64.
Simon Property Group, Inc. (NYSE:SPG - Get Free Report) Director Randall Lewis bought 65 shares of the company's stock in a transaction on Wednesday, September 30th. The stock was purchased at an average cost of $202.78 per share, with a total value of $13,180.70. Following the completion of the transaction, the director owned 7,083 shares in the company, valued at $1,436,290.74. This represents a 0.93% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Simon Property Group Stock Up 0.0%
Shares of SPG opened at $200.84 on Friday. The company's 50-day simple moving average is $215.14 and its 200-day simple moving average is $209.46. The company has a debt-to-equity ratio of 5.19, a quick ratio of 1.05 and a current ratio of 1.05. Simon Property Group, Inc. has a 1 year low of $172.19 and a 1 year high of $238.50. The stock has a market capitalization of $64.98 billion, a PE ratio of 14.16, a P/E/G ratio of 3.09 and a beta of 1.30.
Simon Property Group (NYSE:SPG - Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.64 by ($0.15). Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter last year, the firm posted $1.70 EPS. The company's revenue for the quarter was up 19.5% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Analysts forecast that Simon Property Group, Inc. will post 13.23 earnings per share for the current fiscal year.
Simon Property Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.5%. Simon Property Group's dividend payout ratio is currently 63.47%.
Wall Street Analyst Weigh In
Several research analysts recently commented on SPG shares. Citigroup boosted their target price on Simon Property Group from $205.00 to $230.00 and gave the stock a "neutral" rating in a research note on Monday, August 17th. Bank of America lifted their price objective on Simon Property Group from $225.00 to $236.00 and gave the company a "buy" rating in a research note on Monday, June 29th. Barclays cut their target price on shares of Simon Property Group from $215.00 to $208.00 and set an "equal weight" rating on the stock in a research note on Monday. Evercore set a $216.00 price target on shares of Simon Property Group in a research note on Monday, September 21st. Finally, Mizuho lifted their price target on Simon Property Group from $211.00 to $226.00 and gave the stock a "neutral" rating in a report on Thursday, August 27th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, Simon Property Group has an average rating of "Hold" and a consensus price target of $227.64.
View Our Latest Report on Simon Property Group
Hedge Funds Weigh In On Simon Property Group
Large investors have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in shares of Simon Property Group by 1.2% during the second quarter. BlackRock Inc. now owns 37,269,192 shares of the real estate investment trust's stock worth $8,335,255,000 after purchasing an additional 455,543 shares during the last quarter. Wellington Management Group LLP grew its stake in Simon Property Group by 2.7% during the 2nd quarter. Wellington Management Group LLP now owns 9,390,325 shares of the real estate investment trust's stock worth $2,100,146,000 after buying an additional 242,709 shares during the last quarter. Capital World Investors increased its position in Simon Property Group by 2.7% during the fourth quarter. Capital World Investors now owns 8,610,404 shares of the real estate investment trust's stock worth $1,593,872,000 after buying an additional 226,271 shares during the period. Bank of America Corp DE increased its position in Simon Property Group by 6.1% during the first quarter. Bank of America Corp DE now owns 8,503,133 shares of the real estate investment trust's stock worth $1,586,089,000 after buying an additional 491,519 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Simon Property Group by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 4,606,481 shares of the real estate investment trust's stock valued at $859,209,000 after buying an additional 105,524 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company's stock.
Simon Property Group News Summary
Here are the key news stories impacting Simon Property Group this week:
- Positive Sentiment: Director Reuben Leibowitz made the largest purchase, acquiring 480 shares for approximately $97,334. Directors Daniel Smith, Gary Rodkin, Stefan Selig, Marta Stewart, Randall Lewis, Nina Jones, and Peggy Roe also purchased shares, increasing their individual holdings by roughly 0.6% to 1.1%. The broad participation may bolster investor confidence that company insiders view the stock as attractively valued. SEC insider transaction filing
- Neutral Sentiment: The purchases are relatively small compared with the directors’ existing holdings and Simon Property Group’s roughly $65 billion market capitalization. While multiple insider buys are encouraging, they are unlikely by themselves to materially change earnings expectations or the company’s valuation. Simon Property Group stock information
Simon Property Group Company Profile
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Get Free Report)
Simon Property Group, Inc (NYSE: SPG) is a real estate investment trust that owns, develops, and manages premier shopping, dining, entertainment, and mixed-use destinations. Its portfolio includes regional malls, premium outlet centers, and other retail properties designed to serve consumers and attract national and international retailers.
The company generates revenue primarily through leasing retail and commercial space to tenants and through related property-management and development activities.
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