Simon Property Group (NYSE:SPG) Director Gary Rodkin Buys 256 Shares of Stock

Simon Property Group, Inc. (NYSE:SPG) Director Gary Rodkin acquired 256 shares of Simon Property Group stock in a transaction on Tuesday, June 30th. The shares were purchased at an average cost of $223.34 per share, for a total transaction of $57,175.04. Following the acquisition, the director owned 21,016 shares in the company, valued at approximately $4,693,713.44. This represents a 1.23% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Simon Property Group Stock Performance

Shares of NYSE:SPG opened at $222.88 on Thursday. Simon Property Group, Inc. has a 1-year low of $159.33 and a 1-year high of $228.57. The business has a 50-day moving average price of $208.41 and a two-hundred day moving average price of $197.06. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68. The stock has a market capitalization of $72.28 billion, a P/E ratio of 15.49, a P/E/G ratio of 4.04 and a beta of 1.29.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.02. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.54 billion. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. Simon Property Group’s revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.95 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Equities analysts predict that Simon Property Group, Inc. will post 13.21 earnings per share for the current year.

Simon Property Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were issued a dividend of $2.25 per share. This is a boost from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date was Tuesday, June 9th. This represents a $9.00 dividend on an annualized basis and a yield of 4.0%. Simon Property Group’s dividend payout ratio is currently 62.54%.

Key Simon Property Group News

Here are the key news stories impacting Simon Property Group this week:

• Positive Sentiment: Barclays raised its price target on Simon Property Group ahead of second-quarter earnings, signaling a more favorable view of the REIT’s near-term fundamentals and dividend appeal. Barclays Raises Simon Property Group (SPG) Price Target as Part of Q2 Earnings Preview
• Positive Sentiment: Multiple Simon Property Group directors bought shares on June 30, including several meaningful insider purchases, which can be read as a sign of confidence in the stock and the company’s valuation. SEC filing for director purchase
• Positive Sentiment: Simon announced it will report second-quarter 2026 results after the market close on August 10, setting up the next major catalyst for SPG shares. Simon Announces Date For Its Second Quarter 2026 Earnings Release And Conference Call
• Neutral Sentiment: Analysts have been mixed on Simon Property Group versus other REITs, so the latest commentary adds attention to the name but does not clearly change the investment case by itself. Analysts Have Conflicting Sentiments on These Real Estate Companies: Simon Property (SPG) and EPR Properties (EPR)

Hedge Funds Weigh In On Simon Property Group

A number of hedge funds have recently made changes to their positions in the stock. Stance Capital LLC bought a new position in Simon Property Group during the 3rd quarter worth approximately $26,000. Wilkerson Advisory Group LLC bought a new stake in Simon Property Group in the 4th quarter valued at about $29,000. SHP Wealth Management acquired a new position in shares of Simon Property Group during the fourth quarter worth approximately $34,000. Dynamic Wealth Strategies LLC raised its holdings in Simon Property Group by 195.8% during the first quarter. Dynamic Wealth Strategies LLC now owns 210 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 139 shares during the last quarter. Finally, Tompkins Financial Corp bought a new position in shares of Simon Property Group in the fourth quarter valued at approximately $42,000. 93.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Jefferies Financial Group upgraded Simon Property Group to a “strong-buy” rating in a report on Friday, June 26th. Scotiabank lifted their target price on Simon Property Group from $206.00 to $220.00 and gave the stock a “sector perform” rating in a report on Thursday, June 18th. Weiss Ratings cut shares of Simon Property Group from a “buy (a-)” rating to a “buy (b)” rating in a research report on Monday. Truist Financial raised their price target on shares of Simon Property Group from $196.00 to $215.00 and gave the stock a “hold” rating in a research report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $211.47.

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.