Simon Property Group director Stewart buys $7200 in shares

Published 15/08/2025, 17:22
Simon Property Group director Stewart buys $7200 in shares

Director Marta R. Stewart of Simon Property Group (NYSE:SPG), a prominent player in the Retail REITs industry with a market capitalization of $65 billion, has recently purchased 42 shares of the company’s common stock at a price of $171.54, in a transaction valued at $7204. The stock currently trades at $172.72, offering investors a substantial 4.99% dividend yield. According to InvestingPro analysis, the company has maintained dividend payments for 32 consecutive years.

According to a Form 4 filing with the Securities and Exchange Commission, the transaction occurred on August 14, 2025. Following the purchase, Stewart directly owns 16,122 shares of Simon Property Group. InvestingPro analysis indicates the company maintains a GOOD overall financial health score, with 8 additional key insights available to subscribers through the comprehensive Pro Research Report, which provides deep-dive analysis of SPG and 1,400+ other top US stocks.

In other recent news, Simon Property Group reported strong financial results for the second quarter of 2025, with earnings per share (EPS) reaching $1.70, surpassing the forecasted $1.55. The company also exceeded revenue expectations, reporting $1.5 billion compared to the anticipated $1.38 billion, marking an 8.7% revenue surprise. Additionally, Simon Property Group achieved a 3.8% year-over-year increase in domestic property net operating income for the six months ending June 30, 2025, and improved its occupancy rate to 96.0%. In recognition of its strong performance, S&P Global Ratings upgraded Simon Property Group to an ’A’ rating with a stable outlook. Meanwhile, Stifel adjusted its price target for the company to $179, maintaining a Buy rating, following the company’s financial results. In corporate developments, Simon Property Group announced the promotion of Eli Simon to Chief Operating Officer, where he will collaborate with David Simon on various operational aspects. These recent developments highlight the company’s solid performance and strategic leadership changes.

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