Simon Property Group (NYSE:SPG) Stock: Insider Marta Stewart Buys 199 Shares

Key Points

• Director Marta Stewart purchased 199 Simon Property Group shares at an average price of $202.78, investing $40,353.22 and increasing her direct holdings to 18,199 shares.
• SPG shares traded near $200.84, below their 50-day and 200-day moving averages, while the company reported quarterly revenue of $1.79 billion—above estimates—but EPS of $1.49 missed expectations.
• Simon Property Group maintains a quarterly dividend of $2.25 per share, equivalent to a $9.00 annual payout and a 4.5% yield; analysts’ consensus rating is “Hold,” with an average price target of $227.64.

Simon Property Group, Inc. (NYSE:SPG - Get Free Report) Director Marta Stewart bought 199 shares of the stock in a transaction that occurred on Wednesday, September 30th. The shares were bought at an average price of $202.78 per share, for a total transaction of $40,353.22. Following the completion of the transaction, the director directly owned 18,199 shares of the company's stock, valued at $3,690,393.22. This represents a 1.11% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Simon Property Group Stock Performance

NYSE:SPG traded up $0.08 during mid-day trading on Thursday, hitting $200.84. 1,140,667 shares of the company traded hands, compared to its average volume of 1,632,737. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.19. The stock's fifty day moving average price is $215.62 and its 200-day moving average price is $209.36. The firm has a market cap of $64.98 billion, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of 3.15 and a beta of 1.28. Simon Property Group, Inc. has a one year low of $172.19 and a one year high of $238.50.

Simon Property Group (NYSE:SPG - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.49 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.15). Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period last year, the business earned $1.70 EPS. The firm's quarterly revenue was up 19.5% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Research analysts anticipate that Simon Property Group, Inc. will post 13.23 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th were paid a dividend of $2.25 per share. The ex-dividend date was Wednesday, September 9th. This represents a $9.00 dividend on an annualized basis and a yield of 4.5%. Simon Property Group's dividend payout ratio (DPR) is presently 63.47%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SPG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Simon Property Group by 13,579.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,604,590 shares of the real estate investment trust's stock worth $806,167,000 after purchasing an additional 3,578,240 shares during the period. Legal & General Group Plc bought a new stake in shares of Simon Property Group during the second quarter valued at approximately $783,974,000. Canada Pension Plan Investment Board bought a new stake in shares of Simon Property Group during the second quarter valued at approximately $489,647,000. Caisse de depot et placement du Quebec purchased a new position in shares of Simon Property Group in the second quarter worth $143,948,000. Finally, Bank of America Corp DE lifted its holdings in shares of Simon Property Group by 6.1% in 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 in the last quarter. 93.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Citigroup upped their price target on shares of Simon Property Group from $205.00 to $230.00 and gave the stock a "neutral" rating in a research report on Monday, August 17th. UBS Group raised their price objective on shares of Simon Property Group from $199.00 to $222.00 and gave the company a "neutral" rating in a research report on Thursday, July 9th. LADENBURG THALM/SH SH lifted their target price on shares of Simon Property Group from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Tuesday, August 11th. Morgan Stanley upped their target price on shares of Simon Property Group from $205.00 to $207.00 and gave the stock an "equal weight" rating in a report on Tuesday, June 9th. Finally, Wolfe Research lowered Simon Property Group from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $227.64.

Simon Property Group Company Profile

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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