- By Shuda Xia
The largest Insider Buys this week were for Simon Property Group Inc. (SPG), Ford Motor Co (NYSE:F), Visteon Corp (VC), and DDR Corp (DDR).
Simon Property Group Inc. (SPG): Director Reuben S Leibowitz Bought 1,400 Shares
Director Reuben S Leibowitz bought 1,400 shares of SPG stock on March 28 at the average price of $166. The price of the stock has increased by 3.63% since.
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Warning! GuruFocus has detected 3 Warning Signs with SPG. Click here to check it out.
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The intrinsic value of SPG
Simon Property Group Inc. is an American international real estate company that is currently the largest real estate investment trust in the United States. It is also the largest shopping mall operator in the United States. The company operates from five retail real estate platforms, including regional malls, premium outlet centers, The Mills, community centers, and international properties. The company has a market cap of $55.02 billion, and as of March 31 it traded at $172.03.
On March 17, Simon Property Group Inc. announced that it has amended and extended its $4 billion unsecured multi-currency revolving credit facility. The newly refinanced facility will initially mature on June 30, 2021, and can be extended for an additional year to June 30, 2022. The interest rate on the new revolver is reduced to LIBOR plus 77.5 basis points.
Ford Motor Co (NYSE:F): Exec. Chairman and Chairman William Clay Jr Ford Bought 171,379 Shares
Exec. Chairman and Chairman William Clay Jr Ford bought 171,379 shares of F stock on March 24 at the average price of $11.67. The price of the stock has decreased by 0.26% since.
Ford Motor Co is an American international automaker that sells automobiles and commercial vehicles under the Ford brand and most luxury models under the Lincoln brand. The company also owns Brazilian SUV manufacturer Troller and Australian performance car manufacturer FPV. The company has multiple joint-ventures in China, Taiwan, Thailand, Turkey, and Russia. The company has a market cap of $46.26 billion, and as of March 31 it traded at $11.64.
On March 31 Ford Motor Co released its 2016 full year financial report. For full year 2016, the company had $4.6 billion in net income and a total company adjusted pre-tax profit of $10.4 billion. The company also distributed $3.5 billion to shareholders, including the first supplemental dividend of $1 billion.
Visteon Corp (VC): Director Robert Manzo Bought 2,000 Shares
Director Robert Manzo bought 2,000 shares of VC stock on March 24 at the average price of $95.07. The price of the stock has increased by 2.35% since.