Marta Stewart Buys Shares of Simon Property Group
Insider Marta Stewart purchased 182 shares of Simon Property Group, valued at over $40,600.
Key Points
- Marta Stewart bought 182 shares of Simon Property Group at an average price of $223.16, totaling $40,614.30 on June 30, 2026.
- Shares of Simon Property Group traded near $223.65 on Wednesday, with a market cap of $72.5 billion and a P/E ratio of 15.6.
- Analysts from B of A Securities and Barclays have maintained their ratings, with price targets of $236 and $213 respectively.
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Marta Stewart, an insider at Simon Property Group, Inc. (NYSE:SPG), purchased 182 shares of the company on June 30, 2026. The shares were bought at an average price of $223.16, bringing the total value of the transaction to $40,614.30. This purchase was not part of a pre-planned trading program.
Insider Buying and Selling at Simon Property Group, Inc.
Several insiders at Simon Property Group also made purchases on June 30, 2026. Nina Jones bought 43 shares at $223.16 each, Martin Cicco acquired 15 shares at $223.17, and Larry Glasscock purchased 397 shares at $223.38. Additionally, Peggy Roe bought 89 shares at $223.15, and Daniel Smith acquired 372 shares at $223.31. None of these transactions were part of a Rule 10b5-1 trading plan.
Simon Property Group, Inc. Stock Up 4.2%
Shares of Simon Property Group traded near $223.65 on Wednesday. The company, a leader in the retail REIT sector, has a market capitalization of approximately $72.5 billion. It boasts a P/E ratio of 15.6 and a forward P/E of 33.2. The stock's 52-week range spans from $159.33 to $228.58, with a 50-day moving average of $207.52 and a 200-day moving average of $191.79. The company's beta is 1.35, indicating its volatility relative to the market.
$SPG stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Simon Property Group reported revenue of $6.65 billion, reflecting a growth rate of 19.3%. The company achieved a net margin of 70.6% and a return on equity of 113.6%. The next earnings announcement is scheduled for August 3, 2026.
Dividend
The company offers an annual dividend rate of $8.80 per share, yielding 3.93%. Its dividend payout ratio stands at 60.15%, with the next ex-dividend date not specified.
Analysts Set New Price Targets
On June 29, 2026, B of A Securities maintained a "buy" rating on Simon Property Group, setting a price target of $236. Barclays, on June 25, 2026, maintained a "hold" rating with a target of $213. Overall, the consensus recommendation is "buy," with a mean target price of $218.75 based on 20 analyst opinions.
About Simon Property Group
Simon Property Group, Inc., based in Indianapolis, Indiana, is a major player in the real estate investment trust (REIT) sector, focusing on retail properties. It owns, develops, and manages shopping centers, including malls and Premium Outlets across North America, Asia, and Europe. The company was founded in 1960 and is led by CEO Eli M. Simon, employing around 3,100 people.
Bottom Line
Marta Stewart's recent purchase of shares in Simon Property Group highlights insider confidence in the company's prospects. Investors often watch insider transactions as potential indicators of a company's health and future performance. However, it's important to remember that these transactions were reported after the fact 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.