Simon Property Group (NYSE:SPG) Shares Acquired Rep. Victoria Spartz

Representative Victoria Spartz (R-Indiana) recently bought shares of Simon Property Group, Inc. (NYSE:SPG). In a filing disclosed on February 10th, the Representative disclosed that they had bought between $15,001 and $50,000 in Simon Property Group stock on February 3rd. The trade occurred in the Representative’s “CHARLES SCHWAB ROTH IRA” account.

Simon Property Group Stock Up 2.1 %

SPG stock opened at $184.37 on Wednesday. The company has a market cap of $60.16 billion, a P/E ratio of 25.40, a P/E/G ratio of 9.58 and a beta of 1.74. The company has a current ratio of 1.28, a quick ratio of 2.00 and a debt-to-equity ratio of 7.19. The company’s 50-day moving average price is $175.48 and its 200 day moving average price is $170.80. Simon Property Group, Inc. has a 52 week low of $139.25 and a 52 week high of $186.00.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share for the quarter, topping the consensus estimate of $1.98 by $1.70. Simon Property Group had a return on equity of 74.02% and a net margin of 41.49%. On average, research analysts expect that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a $2.10 dividend. The ex-dividend date is Monday, March 10th. This represents a $8.40 dividend on an annualized basis and a dividend yield of 4.56%. Simon Property Group’s dividend payout ratio (DPR) is presently 115.70%.

Analyst Ratings Changes

Several research analysts have recently weighed in on SPG shares. Piper Sandler upgraded shares of Simon Property Group from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $175.00 to $205.00 in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft initiated coverage on Simon Property Group in a research note on Tuesday, December 17th. They set a “hold” rating and a $195.00 target price for the company. Jefferies Financial Group upgraded shares of Simon Property Group from a “hold” rating to a “buy” rating and upped their target price for the company from $179.00 to $198.00 in a research note on Thursday, January 2nd. Finally, Mizuho increased their target price on shares of Simon Property Group from $158.00 to $182.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Simon Property Group has an average rating of “Hold” and a consensus price target of $175.10.

Hedge Funds Weigh In On Simon Property Group

Several large investors have recently bought and sold shares of SPG. Modern Wealth Management LLC acquired a new stake in shares of Simon Property Group in the fourth quarter valued at $5,140,000. Corebridge Financial Inc. grew its holdings in shares of Simon Property Group by 1.1% during the 4th quarter. Corebridge Financial Inc. now owns 78,794 shares of the real estate investment trust’s stock valued at $13,569,000 after acquiring an additional 863 shares in the last quarter. LPL Financial LLC raised its stake in shares of Simon Property Group by 2.0% during the 4th quarter. LPL Financial LLC now owns 358,414 shares of the real estate investment trust’s stock worth $61,723,000 after purchasing an additional 7,087 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Simon Property Group during the 4th quarter valued at $30,764,000. Finally, Sei Investments Co. lifted its position in shares of Simon Property Group by 5.4% in the fourth quarter. Sei Investments Co. now owns 1,128,143 shares of the real estate investment trust’s stock worth $194,279,000 after buying an additional 57,800 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Insider Buying and Selling at Simon Property Group

In related news, Director Reuben S. Leibowitz bought 465 shares of Simon Property Group stock in a transaction that occurred on Monday, December 30th. The stock was acquired at an average price of $168.59 per share, for a total transaction of $78,394.35. Following the completion of the purchase, the director now owns 55,919 shares in the company, valued at approximately $9,427,384.21. This represents a 0.84 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.50% of the company’s stock.

About Representative Spartz

Victoria Spartz (Republican Party) is a member of the U.S. House, representing Indiana’s 5th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2027.

Spartz (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 5th Congressional District. She declared candidacy for the 2026 election.

Victoria Spartz lives in Noblesville, Indiana. Spartz earned a B.S. and M.B.A. from the National University of Economics in Ukraine, and a master’s degree in professional accountancy from Indiana University’s Kelley School of Business. Her career experience includes working as a certified public accountant, an adjunct professor at Indiana University Kelley School of Business, the CFO of the Indiana Attorney General’s office, and owning a business.

About Simon Property Group

Simon Property Group, Inc (NYSE:SPG) is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc, the Operating Partnership, and its subsidiaries.