Reuben Leibowitz Acquires Shares in Simon Property Group
Reuben Leibowitz purchased 508 shares of Simon Property Group on June 30, 2026, at an average price of $223.38.
Key Points
- Reuben Leibowitz bought 508 shares of Simon Property Group, Inc. on June 30, 2026, for a total value of $113,475.31.
- Simon Property Group, Inc. has a market cap of approximately $72.53 billion and a P/E ratio of 15.55.
- B of A Securities maintained a 'buy' rating for Simon Property Group with a price target of $236 on June 29, 2026.
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Reuben Leibowitz, an insider at Simon Property Group, Inc. (NYSE: SPG), purchased 508 shares of the company on June 30, 2026. The shares were bought at an average price of $223.38 each, bringing the total transaction value to about $113,475. This move was not part of a pre-planned trading program.
Insider Buying and Selling at Simon Property Group, Inc.
On the same day, other insiders also acquired shares of Simon Property Group. Nina Jones bought 43 shares, Martin Cicco acquired 15 shares, and Larry Glasscock purchased 397 shares, all at similar average prices around $223. Marta Stewart, Peggy Roe, and Daniel Smith also added to their holdings with transactions ranging from 89 to 372 shares each.
Simon Property Group, Inc. Stock Up 4.2%
Shares of Simon Property Group traded near $223.65 on Wednesday. The real estate investment trust has a market capitalization of about $72.53 billion and a P/E ratio of 15.55. Its stock has seen a 52-week range between $159.33 and $228.58, with a beta of 1.346. The 50-day moving average is $207.52, while the 200-day moving average stands at $191.79. The company's current ratio is 0.196, and it has a debt-to-equity ratio of 457.47.
$SPG stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
On June 29, 2026, B of A Securities maintained its 'buy' rating on Simon Property Group, setting a price target of $236. Barclays and Truist Securities both kept their 'hold' ratings with targets of $213 and $215, respectively, in late June. The stock has a consensus recommendation of 'buy' from analysts, with an average price target of $218.75 based on 20 opinions.
About Simon Property Group
Simon Property Group, Inc. is a leading real estate investment trust (REIT) based in Indianapolis, Indiana. It owns, develops, and manages premier shopping, dining, and entertainment destinations globally, including malls and outlet centers. The company operates in North America, Asia, and Europe, with a significant interest in The Taubman Realty Group and Klepierre, a Paris-based real estate company. Simon Property Group is led by CEO Eli M. Simon and employs around 3,100 people.
Bottom Line
The recent insider buying activity at Simon Property Group suggests confidence in the company's prospects. Investors often track such movements for potential insights into a company's future. While these transactions offer a glimpse into insider sentiment, they are not necessarily indicative of the company's current performance or future stock movements.
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