Daniel Smith Acquires Shares in Simon Property Group
Daniel Smith purchased 372 shares of Simon Property Group on June 30, 2026.
Key Points
- Daniel Smith bought 372 shares of Simon Property Group, Inc. (NYSE:SPG) on June 30, 2026, at an average price of $223.31, totaling $83,069.76.
- Shares of SPG traded near $223.65 on Wednesday, with a market cap of about $72.5 billion and a P/E ratio of 15.55.
- Analysts from B of A Securities maintained a 'buy' rating with a $236 target, while others held 'hold' ratings with targets ranging from $207 to $220.
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On June 30, 2026, Daniel Smith purchased 372 shares of Simon Property Group, Inc. (NYSE:SPG) at an average price of $223.31, amounting to a total value of $83,069.76. This insider transaction was not part of a pre-planned trading program.
Insider Buying and Selling at Simon Property Group, Inc.
Daniel Smith was not alone in acquiring shares on June 30. Other insiders, including Nina Jones and Martin Cicco, also bought shares at similar prices. Larry Glasscock purchased 397 shares at $223.38, while Marta Stewart and Gary Rodkin bought 182 and 256 shares, respectively, at prices just over $223. These transactions indicate a general trend of insider buying within the company.
Simon Property Group, Inc. Stock Up 4.2%
Shares of Simon Property Group traded near $223.65 on Wednesday. The company's market capitalization stands at approximately $72.5 billion, with a P/E ratio of 15.55. The stock has a 52-week range between $159.33 and $228.58. Its 50-day moving average is $207.52, and the 200-day moving average is $191.79. The company has a current ratio of 0.20 and a quick ratio of 0.20, with a debt-to-equity ratio of 457.47.
$SPG stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
On June 29, 2026, B of A Securities maintained its 'buy' rating on Simon Property Group with a price target of $236. Meanwhile, Barclays, Truist Securities, and Scotiabank have maintained 'hold' ratings with price targets of $213, $215, and $220, respectively. The consensus among analysts is a 'buy' with a mean target price of $218.75, based on 20 opinions.
About Simon Property Group
Simon Property Group, Inc. is a real estate investment trust (REIT) based in Indianapolis, Indiana. The company focuses on owning, developing, and managing shopping, dining, and entertainment destinations, including malls and Premium Outlets. It operates properties across North America, Asia, and Europe. As of December 31, 2024, Simon Property owned interests in 229 properties, encompassing 183 million square feet.
Bottom Line
Insider buying activity at Simon Property Group, including Daniel Smith's recent purchase, is noteworthy for investors tracking insider trends. The company's stock performance, with a solid market cap and a reasonable P/E ratio, remains a point of interest. Analyst ratings provide a mixed outlook, with a notable 'buy' recommendation from B of A Securities. As always, it's important to remember that insider transactions are disclosed after the fact and may not reflect current positions.
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