10 Large-Cap Stocks Insiders Are Buying Recently

4. Simon Property Group, Inc. (NYSE:SPG)

Number of Recent Insider Purchases: 22

Market Cap: $65.8 billion

Simon Property Group is a well-known real estate investment trust (REIT) mostly concentrated on owning and managing popular shopping, entertainment, dining, and mixed-use destinations. Its portfolio include world-famed companies as tenants, such as Apple (NASDAQ:AAPL), Nike (NYSE:NKE), and various other luxury brands.

One of the 12 Best REIT Stocks to Buy Now, Simon Property Group is appraised for the choice of its tenants, which are known for strong foot traffic, especially as the retail sector is recovering from the COVID-19 pandemic. Furthermore, the company has partnered with e-commerce giants like Amazon (NASDAQ:AMZN) and Bonobos, transforming some of its properties into distribution centers.

For the third quarter of 2024, Simon Property Group disclosed a net income attributable to common stockholders of $475.2 million, or $1.46 per diluted share, as compared to $594.1 million or $1.82 per diluted share in 2023. The company declared a quarterly common stock dividend of $2.10 for the fourth quarter of 2024. This is an increase of $0.20, or 10.5% year-over-year.

As of Sept. 30, Simon Property Group owned or held an interest in 196 income-producing properties in the US, comprising 93 malls, 70 premium outlets, 14 mills, six lifestyle centers, and 13 other retail properties in 37 states and Puerto Rico.

Over the last 12 months, Simon Property Group shares gained 25.05%, reaching $177.24 per share.