内幕交易：西蒙地产集团公司（NYSE: SPG）的董事购买了 86 股股票

Simon Property Group, Inc. (NYSE:SPG - Get Free Report) Director Peggy Fang Roe bought 86 shares of the firm's stock in a transaction dated Monday, June 30th. The stock was purchased at an average price of $159.29 per share, with a total value of $13,698.94. Following the transaction, the director owned 6,650 shares in the company, valued at approximately $1,059,278.50. This represents a 1.31% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Simon Property Group Price Performance

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Shares of NYSE SPG traded up $3.53 during midday trading on Tuesday, reaching $164.29. The company's stock had a trading volume of 1,772,262 shares, compared to its average volume of 1,537,982. Simon Property Group, Inc. has a one year low of $136.34 and a one year high of $190.14. The company has a market cap of $53.63 billion, a price-to-earnings ratio of 26.16, a price-to-earnings-growth ratio of 8.95 and a beta of 1.47. The company has a 50 day moving average price of $159.94 and a 200 day moving average price of $166.63. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 8.29.

Simon Property Group (NYSE:SPG - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The real estate investment trust reported $2.95 EPS for the quarter, beating analysts' consensus estimates of $2.91 by $0.04. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.34 billion. Simon Property Group had a return on equity of 67.32% and a net margin of 35.98%. The company's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.56 EPS. On average, equities research analysts expect that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Dividend Announcement

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The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 9th were paid a $2.10 dividend. The ex-dividend date was Monday, June 9th. This represents a $8.40 dividend on an annualized basis and a yield of 5.11%. Simon Property Group's dividend payout ratio is currently 133.76%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Piper Sandler reduced their price objective on Simon Property Group from $205.00 to $200.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. Stifel Nicolaus increased their price objective on shares of Simon Property Group from $168.50 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Mizuho reduced their price target on Simon Property Group from $182.00 to $169.00 and set a "neutral" rating for the company in a research report on Tuesday, June 10th. Scotiabank increased their price objective on shares of Simon Property Group from $159.00 to $163.00 and gave the company a "sector perform" rating in a report on Tuesday, June 17th. Finally, JPMorgan Chase & Co. dropped their target price on Simon Property Group from $192.00 to $180.00 and set a "neutral" rating on the stock in a report on Thursday, May 22nd. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $179.44.

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Read Our Latest Research Report on SPG

Institutional Trading of Simon Property Group

A number of hedge funds have recently bought and sold shares of SPG. Park Square Financial Group LLC raised its holdings in shares of Simon Property Group by 108.0% during the first quarter. Park Square Financial Group LLC now owns 156 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 81 shares during the period. Hopwood Financial Services Inc. acquired a new position in shares of Simon Property Group in the fourth quarter worth $28,000. Richardson Financial Services Inc. increased its position in Simon Property Group by 185.0% in the 1st quarter. Richardson Financial Services Inc. now owns 171 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 111 shares during the last quarter. WR Wealth Planners LLC raised its position in Simon Property Group by 328.2% during the fourth quarter. WR Wealth Planners LLC now owns 167 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 128 shares in the last quarter. Finally, Caisse Des Depots ET Consignations bought a new position in shares of Simon Property Group during the 4th quarter valued at $31,000. 93.01% of the stock is owned by hedge funds and other institutional investors.

Simon Property Group Company Profile

Simon Property Group, Inc NYSE: SPG is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc, the Operating Partnership, and its subsidiaries.

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