The SVP & CAO of Simon Property (SPG) is Selling Shares


Today, the SVP & CAO of Simon Property (NYSE: SPG), Steven Broadwater, sold shares of SPG for $146.3K.

Following Steven Broadwater’s last SPG Sell transaction on January 02, 2018, the stock climbed by 1.6%.

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Based on Simon Property’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.4 billion and quarterly net profit of $486 million. In comparison, last year the company earned revenue of $1.36 billion and had a net profit of $378 million. SPG’s market cap is $52.55B and the company has a P/E ratio of 27.07. Currently, Simon Property has an average volume of 648.8K.

Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $191.60, reflecting a -10.7% downside.

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Simon Property Group, Inc. operates as a self-administered and self-managed real estate investment trust. It owns, develops and manages retail real estate properties which primarily consist of regional malls, premium outlets and mills.

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