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Director Lewis Randall J of Simon Property Group (NYSE:SPG), a prominent retail REIT with a market capitalization of $70.23 billion, acquired 53 shares of common stock on September 30, 2025, at a price of $185.95, totaling $9,855. The company has maintained dividend payments for 32 consecutive years, currently offering a 4.58% yield.
The transaction was the result of reinvested dividends from restricted stock awarded as non-cash compensation under the Simon Property Group, L.P. 2019 Stock Incentive Plan. Following the transaction, Lewis directly owns 4,640 shares of Simon Property Group. The stock is currently trading near its 52-week high of $190.13, and according to InvestingPro, the company shows signs of being overvalued based on its Fair Value analysis.
In other recent news, Simon Property Group has seen several notable developments. S&P Global Ratings upgraded the company to an ’A’ rating with a stable outlook, highlighting Simon Property Group’s strong operating performance and solid sector fundamentals. The company reported a 3.8% year-over-year increase in domestic property net operating income for the first half of 2025 and improved its occupancy rate to 96.0%. Meanwhile, Evercore ISI downgraded Simon Property Group from Outperform to In Line, despite raising the price target to $187.00, due to limited potential upside. Stifel also downgraded the stock from Buy to Hold, citing valuation concerns as the stock now trades above its $179.00 price target.
Piper Sandler, however, maintained its Overweight rating with a $200.00 price target, following a meeting with Simon Property Group’s leadership. The firm noted the company’s leadership transition strategy, with Eli Simon being promoted to Chief Operating Officer. In his new role, Eli Simon will collaborate closely with David Simon on various operational aspects. These developments reflect the company’s strategic moves and analysts’ mixed perspectives on its stock valuation.
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