Street Calls of the Week
Director Daniel C. Smith of Simon Property Group (NYSE:SPG), a $70.23 billion market cap retail REIT, recently purchased 335 shares of common stock at a price of $185.95, according to a Form 4 filing with the Securities and Exchange Commission. The total value of the purchase was $62,293. The stock, currently trading at $185.76, appears overvalued according to InvestingPro analysis.
The transaction, which occurred on September 30, 2025, increased Smith’s direct ownership to 32,333 shares. The purchase represents shares of common stock acquired through the reinvestment of dividends received on restricted stock awarded to Smith as non-cash compensation under the Simon Property Group, L.P. 2019 Stock Incentive Plan. Notable for investors, the company offers a 4.58% dividend yield and has maintained dividend payments for 32 consecutive years. For deeper insights into SPG’s dividend sustainability and 12 additional key metrics, check out the comprehensive research available on InvestingPro.
In other recent news, Simon Property Group has received an upgrade from S&P Global Ratings to an ’A’ rating with a stable outlook. This upgrade highlights the company’s strong operating performance, including a 3.8% year-over-year increase in domestic property net operating income for the first half of 2025. Additionally, Simon Property Group improved its occupancy rate to 96.0%. On the analyst front, Evercore ISI downgraded the company’s stock from Outperform to In Line, despite raising the price target to $187.00, due to limited potential upside. Similarly, Stifel downgraded the stock from Buy to Hold, maintaining a price target of $179.00, citing valuation concerns. Meanwhile, Piper Sandler has reiterated its Overweight rating with a $200.00 price target, following a meeting with the company’s leadership. In leadership news, Eli Simon has been promoted to Chief Operating Officer, working closely with David Simon on company operations. This transition is part of Simon Property Group’s strategy to introduce its next generation of senior leadership.
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