On December 30, 2024, Allan Hubbard, a Director at Simon Property Group Inc (SPG, Financial), purchased 381 shares of the company, according to a SEC Filing. Following this transaction, the insider now owns a total of 34,682 shares in the company.
Simon Property Group Inc is a real estate investment trust engaged in the ownership, development, and management of retail real estate properties, primarily regional malls, premium outlets, and community/lifestyle centers.
The insider's recent purchase is part of a broader trend within the company. Over the past year, there have been 38 insider buys and no insider sells, indicating a positive sentiment among insiders.
On the day of the purchase, shares of Simon Property Group Inc were trading at $168.59, giving the stock a market cap of $56.201 billion. The company's price-earnings ratio stands at 22.94, which is higher than the industry median of 15.72 but lower than the company's historical median price-earnings ratio.
The GF Value for Simon Property Group Inc is estimated at $127.09, resulting in a price-to-GF-Value ratio of 1.33. This suggests that the stock is significantly overvalued based on its GF Value.
The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also considers a GuruFocus adjustment factor based on the company's past returns and growth, as well as future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
