Larry Glasscock Buys Shares of Simon Property Group
On June 30, 2026, Larry Glasscock acquired 397 shares of Simon Property Group.
Key Points
- Larry Glasscock bought 397 shares of Simon Property Group, Inc. at an average price of $223.38, totaling $88,682.18.
- Simon Property Group's stock traded at $223.65 on Wednesday, with a market cap of $72.53 billion and a P/E ratio of 15.55.
- Major funds like BlackRock and Vanguard have adjusted their positions in Simon Property Group recently.
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Larry Glasscock, an insider at Simon Property Group, Inc. (NYSE: SPG), purchased 397 shares of the company on June 30, 2026. The shares were bought at an average price of $223.38, amounting to a total purchase value of $88,682.18.
Insider Buying and Selling at Simon Property Group, Inc.
On June 30, 2026, several insiders at Simon Property Group made stock purchases. Larry Glasscock acquired 397 shares at an average price of $223.38. Other insiders, including Nina Jones and Martin Cicco, also bought shares on the same day, with Nina purchasing 43 shares at $223.16 and Martin acquiring 15 shares at $223.17. These transactions were not part of a pre-planned trading program.
Other Institutional Activity in Simon Property Group
In recent institutional activity, BlackRock, Inc. trimmed its holdings in Simon Property Group by 443,741 shares, now holding 36,813,649 shares valued at about $6.87 billion. Vanguard Portfolio Management LLC opened a new position with 23,098,132 shares worth approximately $4.31 billion. State Street Corp reduced its stake by 554,345 shares, ending with 20,931,309 shares valued at $3.90 billion. Geode Capital Management, LLC increased its position by 253,036 shares, totaling 10,825,713 shares worth $2.01 billion.
Simon Property Group, Inc. Stock Up 4.2%
Shares of Simon Property Group, Inc. (NYSE: SPG) traded near $223.65 on Wednesday. The company has a market capitalization of $72.53 billion and a P/E ratio of 15.55. Its 52-week trading range is between $159.33 and $228.58. The stock's 50-day moving average is $207.52, and the 200-day moving average is $191.79. Simon Property Group has a beta of 1.346, indicating its stock is slightly more volatile than the market.
$SPG stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
For its recent earnings, Simon Property Group reported revenue of $6.65 billion, showing a growth of 19.3%. The company achieved a net margin of 70.59% and a return on equity of 113.59%. Its earnings per share stood at $14.38. The next earnings release is scheduled for August 3, 2026.
Dividend
Simon Property Group pays an annual dividend rate of $8.80, yielding 3.93%. The company's dividend payout ratio is 60.15%, reflecting its commitment to returning capital to shareholders.
Analysts Set New Price Targets
On June 29, 2026, B of A Securities maintained its "buy" rating for Simon Property Group, setting a price target of $236. Barclays, on June 25, 2026, maintained a "hold" rating with a $213 target. The consensus among analysts is a "buy" recommendation, with a mean price target of $218.75 based on 20 analyst opinions.
About Simon Property Group
Simon Property Group, Inc. is a leading real estate investment trust (REIT) based in Indianapolis, Indiana. The company specializes in owning, developing, and managing premier shopping, dining, and entertainment destinations, including malls and outlet centers. It operates globally, with significant interests in North America, Asia, and Europe. The company is led by CEO Eli M. Simon and employs approximately 3,100 people.
Bottom Line
Larry Glasscock's recent purchase of Simon Property Group shares adds to the insider activity in the company. Investors often track such insider transactions for potential insights into the company's prospects. While this purchase is a positive signal, it's important to remember that insider transactions are just one piece of the investment puzzle. As always, 13F filings and insider reports are backward-looking and may not reflect current positions.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.