On September 30, 2024, Stefan Selig, a Director at Simon Property Group Inc (SPG, Financial), purchased 182 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 30,073 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 properties are located across North America and Asia.
Over the past year, Stefan Selig has increased his holdings in the company by purchasing a total of 715 shares. There have been no sales recorded by the insider during this period. Overall, Simon Property Group Inc has witnessed 37 insider buys and no insider sales over the last year, indicating a positive sentiment among the company's insiders.
Shares of Simon Property Group Inc were priced at $167.3 on the day of the insider's latest purchase. The company currently holds a market cap of approximately $55.14 billion. The price-earnings ratio stands at 21.49, which is above the industry median of 15.27.
According to the GF Value, the intrinsic value of Simon Property Group Inc is estimated at $132.44 per share, making the stock modestly overvalued with a price-to-GF-Value ratio of 1.26.
The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and estimated future business outcomes.
This recent acquisition by Director Stefan Selig may signal confidence in the future performance and valuation of Simon Property Group Inc, despite the stock's current pricing above its GF Value.
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.
