In addition to his direct holdings, Leibowitz has indirect ownership interests through various entities, including 2,500 shares held by his spouse, 5,000 shares by the Leibowitz Foundation, 2,500 shares by the Maxsim Charitable Remainder Trust, and 1,400 shares by other trusts. However, Leibowitz disclaims beneficial ownership of these indirectly held securities. The insider transaction comes as Simon Property Group (NYSE:SPG), with a market capitalization of $64.72 billion, trades near its 52-week high, reflecting strong market confidence in this prominent retail REIT. The insider transaction comes as Simon Property Group, with a market capitalization of $64.72 billion, trades near its 52-week high, reflecting strong market confidence in this prominent retail REIT.
In addition to his direct holdings, Leibowitz has indirect ownership interests through various entities, including 2,500 shares held by his spouse, 5,000 shares by the Leibowitz Foundation, 2,500 shares by the Maxsim Charitable Remainder Trust, and 1,400 shares by other trusts. However, Leibowitz disclaims beneficial ownership of these indirectly held securities.
In other recent news, Simon Property Group has been making headlines with a series of notable developments. The company's third-quarter performance was robust, with real estate funds from operations (FFO) seeing a 4.8% year-over-year increase to $3.05 per share, and dividends rising 10.5% from last year to $2.10 per share.
Jefferies analysts upgraded Simon Property Group's stock rating from Hold to Buy, citing positive trends in occupancy and net operating income (NOI) that surpass pre-pandemic levels. They believe these factors, along with the successful conversion of temporary leases to permanent ones, will drive earnings growth.
Conversely, Deutsche Bank (ETR:DBKGn) initiated coverage on Simon Property Group with a Hold rating, acknowledging the company's comprehensive real estate offerings and strong balance sheet, but expressing concerns over the impact of tariffs on trading multiples across the mall sector.
These are recent developments that investors should consider as they assess the company's potential value and future prospects. Analysts' forecasts suggest both opportunities and challenges for Simon Property Group, highlighting the importance of a balanced perspective in investment decision-making.
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