A Yield-Chintzy REIT

Earlier this week, a board member at Simon Property Group (SPG) -- a real estate investment trust that owns a number of malls and other shopping centers -- purchased 1,500 shares at an average of $159.99 apiece, according to a Form 4 filed with the SEC. Director Larry Glasscock's total direct stake now comes to a little over 5,300 shares, meaning this purchase has significantly ramped up his holdings.

Here, as always, it's instructive to look at insider purchases, as it is theoretically irrational to build up company-specific risk unless one believes the company has bright enough prospects as to outweigh the benefits of diversification. Indeed, studies have generally shown a small outperformance effect for insider purchases....358 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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