Simon Property Group director Lewis acquires $6,743 in stock

Investing.com

Published Jan 02, 2025 01:05PM ET

Simon Property Group director Lewis acquires $6,743 in stock

Randall J. Lewis (JO:LEWJ), a director at Simon Property Group Inc. (NYSE:NYSE:SPG), a prominent retail REIT with a market capitalization of $64.8 billion, recently acquired shares in the company, according to a filing with the Securities and Exchange Commission. According to InvestingPro .

In other recent news, Simon Property Group has seen significant developments in its financial and operational performance. The real estate investment trust recently reported a robust third quarter, with real estate funds from operations (FFO) increasing by 4.8% year-over-year to $3.05 per share. Dividends also saw a 10.5% rise from the previous year to $2.10 per share. This strong performance coincides with Jefferies' upgrade of Simon Property Group's stock rating from Hold to Buy, following an analysis that anticipates growth in occupancy rates and net operating income.

Additionally, Deutsche Bank (ETR:DBKGn) initiated coverage on Simon Property Group with a Hold rating, citing concerns over the impact of tariffs on trading multiples across the mall sector. Despite this, the firm acknowledged the company's comprehensive real estate offerings and strategic focus on merchandising. Both Jefferies and Deutsche Bank's analysis contribute to the recent developments surrounding Simon Property Group.

These updates highlight the company's resilience in the face of market fluctuations and its potential for growth. As always, investors are advised to consider these facts in their assessment of Simon Property Group's future prospects.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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