Marta R. Stewart, Director of Simon Property Group Inc. (NYSE:), recently acquired 177 shares of the company’s stock. The shares were purchased at $168.59 each, for a total of approximately $29,840. The $64.8 billion real estate investment trust is currently trading near a 52-week high and appears overvalued by InvestingPro Fair value analysis. This acquisition was made through the reinvestment of dividends received on restricted stock, which were granted as non-cash consideration under the Simon Property Group, LP 2019 Stock Incentive Plan. Following this transaction, Stewart now directly holds 14,464 shares. The company maintains a strong dividend yield of 4.88% and has consistently paid a dividend for 31 consecutive years. Want deeper insight into insider trading patterns and comprehensive analysis? Access the full SPG Pro research report InvestingPro.
In other recent news, Simon Property Group delivered a strong performance in its third quarter, with real estate funds from operations (FFO) up 4.8% year-over-year to $3.05 per share. The company also reported a 10.5% year-over-year increase in dividends to $2.10 per share. In addition, Jefferies analysts upgraded the company’s stock from Hold to Buy, citing the resilience of the consumer market and expected growth in occupancy rates as key factors. They forecast that Simon Property Group will increase its occupancy rate to 96.7% by the fourth quarter of 2025, surpassing pre-pandemic levels.
On the other hand, Deutsche Bank (ETR:) initiated coverage on Simon Property Group with a Hold rating. Despite acknowledging the company’s comprehensive property offering and strong balance sheet, the company expressed concern about the impact of tariffs on multiple trading in the shopping center sector.
These recent developments highlight Simon Property Group’s current position in the real estate market and its potential for future growth. However, it is worth noting that these are analyst projections and may not necessarily reflect the company’s actual future performance. As always, investors are advised to conduct their own research and consider these findings as part of a broader investment strategy.
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