On September 30, 2024, Larry Glasscock, a Director at Simon Property Group Inc (SPG, Financial), purchased 338 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns 40,728 shares of Simon Property Group Inc.
Simon Property Group Inc, a prominent player in the retail real estate industry, owns, develops, and manages shopping malls, outlet centers, and community/lifestyle centers. The company's portfolio includes properties across North America, Europe, and Asia.
The transaction occurred with the stock priced at $167.3 per share, giving Simon Property Group Inc a market cap of approximately $55.14 billion. This valuation reflects a price-earnings ratio of 21.49, which is above the industry median of 15.27.
According to the GF Value, the intrinsic value of the stock is estimated at $132.44, suggesting that Simon Property Group Inc is modestly overvalued with a price-to-GF-Value ratio of 1.26.
Over the past year, Larry Glasscock has increased his holdings in the company by purchasing a total of 1,033 shares. The insider transaction history for Simon Property Group Inc shows a significant trend of insider purchases, with 37 insider buys and no insider sales over the last year.
This insider buying activity could be a signal to investors about the confidence insiders have in the firm's current valuation and future prospects.
For more detailed information on Simon Property Group Inc's financial metrics, such as price-sales ratio, price-book ratio, and price-to-free cash flow, investors are encouraged to review the company's latest filings and financial statements.
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