Sun Sep 15 13:35:15 UTC 2024: ## Simon Property Group (SPG) Sees Increased Institutional Interest and Insider Buying

**New York, NY – September 15, 2024** – Simon Property Group (NYSE: SPG), the real estate investment trust specializing in shopping, dining, and entertainment destinations, saw an increase in institutional investment during the second quarter of 2024.

Several prominent firms, including Oppenheimer & Co. Inc., Diligent Investors LLC, and Augustine Asset Management Inc., grew their holdings in SPG, demonstrating confidence in the company’s future.

Meanwhile, Director Reuben S. Leibowitz purchased 486 shares of SPG at an average price of $150.17 per share, demonstrating insider confidence in the company’s prospects. This transaction brought Leibowitz’s total ownership to 55,001 shares, valued at approximately $8,259,500.17.

Despite recent earnings falling short of analyst expectations, the company announced a quarterly dividend increase to $2.05 per share, representing an annualized yield of 5.00%.

Analysts remain cautiously optimistic about SPG, with seven rating the stock as a “Hold” and three giving it a “Buy” rating. The consensus price target among analysts is $161.44.

Simon Property Group remains a dominant player in the real estate market, with properties across North America, Europe, and Asia. The company continues to attract investment despite recent market challenges, signaling its strong position in the industry.

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