Gary Rodkin Buys Shares of Simon Property Group

Gary Rodkin, a notable insider, purchased 256 shares of Simon Property Group, Inc. (NYSE: SPG) on June 30, 2026. The shares were bought at an average price of $223.34, amounting to a total investment of $57,174.58. This transaction was not part of a pre-arranged trading plan.

Insider Buying and Selling at Simon Property Group, Inc.

On June 30, 2026, several insiders made significant purchases of Simon Property Group shares. Among them, Gary Rodkin acquired 256 shares at an average price of $223.34. Other insiders, including Nina Jones and Martin Cicco, also bought shares, with Jones purchasing 43 shares and Cicco 15 shares. None of these transactions were conducted under a Rule 10b5-1 plan.

Other Institutional Activity in Simon Property Group

In recent institutional activity, BlackRock, Inc. trimmed its holdings by 443,741 shares, leaving it with 36,813,649 shares valued at approximately $6.87 billion, a 1.2% decrease. Vanguard Portfolio Management LLC opened a new position with 23,098,132 shares worth about $4.31 billion. State Street Corp reduced its stake by 554,345 shares, maintaining 20,931,309 shares valued at $3.90 billion, marking a 2.6% decrease. Meanwhile, Geode Capital Management, LLC increased its holdings by 253,036 shares, ending with 10,825,713 shares valued at $2.01 billion, a 2.4% increase.

Simon Property Group, Inc. Stock Up 4.2%

Shares of Simon Property Group, Inc. traded near $223.65 on Wednesday. The company has a market capitalization of approximately $72.5 billion and a P/E ratio of 15.6. The stock's 52-week range is between $159.33 and $228.58, while its 50-day moving average is $207.52, and the 200-day moving average is $191.79. Simon Property Group has a beta of 1.346, indicating higher volatility compared to the market.

Recent Earnings

Simon Property Group reported revenue of $6.65 billion with a growth rate of 19.3%. The company achieved a net margin of 70.6% and a return on equity of 113.6%. Earnings per share stood at $14.38. The next earnings report is scheduled for August 3, 2026.

Dividend

Simon Property Group offers an annual dividend rate of $8.80, yielding 3.93%. The dividend payout ratio is 60.2%, indicating a healthy distribution of earnings to shareholders.

Analysts Set New Price Targets

On June 29, 2026, B of A Securities maintained its 'buy' rating on Simon Property Group, setting a price target of $236. Barclays and Truist Securities both maintained 'hold' ratings with targets of $213 and $215, respectively. Overall, the consensus rating remains a 'buy', with an average target price of $218.75 based on 20 analyst opinions.

About Simon Property Group

Simon Property Group, Inc., headquartered in Indianapolis, Indiana, is a leading real estate investment trust (REIT) specializing in retail properties. The company owns, develops, and manages shopping centers, outlets, and mixed-use destinations across North America, Asia, and Europe. With a significant interest in The Taubman Realty Group and Klepierre, Simon Property Group is a key player in the global retail real estate market.

Bottom Line

Gary Rodkin's recent purchase of Simon Property Group shares highlights insider confidence in the company's prospects. As a major player in the retail real estate sector, Simon Property Group's financial health and strategic positioning continue to attract investor interest. Keep in mind, insider transactions like these are reported after the fact and may not indicate current sentiment.