Simon Property Group Inc. (NYSE: SPG) director Randall J. Lewis has acquired additional equity in the company, according to a recent Securities and Exchange Commission Form 4 filing. The transaction occurred on June 30, 2026, marking a direct increase in his ownership stake.
Lewis purchased a total of 62 shares of Simon Property Group common stock. The aggregate value of this transaction was recorded at $13,836. The shares were acquired at prices ranging between $223.14 and $223.51 per share. The acquisition mechanism was the reinvestment of dividends received on restricted stock. These restricted shares were originally awarded as non-cash compensation under the Simon Property Group, L.P. 2019 Stock Incentive Plan.
Following this acquisition, Mr. Lewis’s direct ownership of Simon Property Group common stock stands at 7,018 shares. This insider activity takes place while SPG shares are trading near their 52-week high of $228.57. Over the past year, the stock has delivered a return of 42.62%.
According to InvestingPro analysis, the company appears overvalued relative to its Fair Value estimate. Despite this valuation metric, an InvestingPro tip highlights that SPG has maintained dividend payments for 33 consecutive years, underscoring the REIT’s commitment to shareholder returns. Investors seeking deeper insights can access 10 additional ProTips and comprehensive Pro Research Reports covering SPG and 1,400+ other US equities.
In other recent news, Simon Property Group reported stronger-than-expected earnings for the first quarter of 2026. The company posted an earnings per share (EPS) of $1.48, surpassing the forecast of $1.46. Revenue reached $1.76 billion, exceeding the anticipated $1.51 billion.
Additionally, Simon Property Group announced the sale of €500 million in unsecured notes due 2031 through its subsidiary, Simon Global Development B.V. The notes will be guaranteed by Simon Property Group and offered to non-U.S. persons under Regulation S of the Securities Act of 1933.
In analyst updates, Wolfe Research downgraded Simon Property Group shares to Peerperform from Outperform, citing valuation concerns after the company reached its price target earlier this year. Conversely, Argus raised its price target for the company to $210 from $200, maintaining a Buy rating due to favorable valuation metrics compared to peers. These developments provide investors with a range of perspectives on Simon Property Group’s current financial standing and market activities.
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