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 Performance

Shares of NYSE SPG opened at $184.37 on Wednesday. Simon Property Group, Inc. has a one year low of $139.25 and a one year high of $186.00. The business’s 50-day moving average price is $175.56 and its two-hundred day moving average price is $171.03. The company has a debt-to-equity ratio of 7.19, a current ratio of 1.28 and a quick ratio of 2.00. The company has a market capitalization of $60.16 billion, a P/E ratio of 25.40, a price-to-earnings-growth ratio of 9.58 and a beta of 1.74.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $1.70. Simon Property Group had a return on equity of 74.02% and a net margin of 41.49%. Analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. NEOS Investment Management LLC lifted its holdings in shares of Simon Property Group by 29.7% during the fourth quarter. NEOS Investment Management LLC now owns 16,292 shares of the real estate investment trust’s stock worth $2,806,000 after purchasing an additional 3,728 shares during the period. Sava Infond d.o.o. bought a new position in Simon Property Group during the 4th quarter worth $207,000. JPMorgan Chase & Co. lifted its holdings in Simon Property Group by 5.5% during the 4th quarter. JPMorgan Chase & Co. now owns 4,710,538 shares of the real estate investment trust’s stock worth $811,202,000 after buying an additional 246,630 shares during the period. Elo Mutual Pension Insurance Co grew its position in shares of Simon Property Group by 12.9% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 32,474 shares of the real estate investment trust’s stock valued at $5,592,000 after buying an additional 3,702 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Simon Property Group by 7.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 697,717 shares of the real estate investment trust’s stock valued at $122,847,000 after buying an additional 46,786 shares during the period. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Simon Property Group

In other Simon Property Group news, Director Reuben S. Leibowitz bought 465 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were bought at an average price of $168.59 per share, for a total transaction of $78,394.35. Following the transaction, the director now directly owns 55,919 shares in the company, valued at approximately $9,427,384.21. This trade represents a 0.84 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Mizuho lifted their target price on shares of Simon Property Group from $158.00 to $182.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Piper Sandler upgraded Simon Property Group from a “neutral” rating to an “overweight” rating and upped their price target for the company from $175.00 to $205.00 in a research report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft began coverage on shares of Simon Property Group in a research note on Tuesday, December 17th. They issued a “hold” rating and a $195.00 target price on the stock. Finally, Jefferies Financial Group upgraded shares of Simon Property Group from a “hold” rating to a “buy” rating and increased their target price for the stock from $179.00 to $198.00 in a research report on Thursday, January 2nd. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Simon Property Group currently has a consensus rating of “Hold” and a consensus price target of $175.10.

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.

Simon Property Group Company Profile

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.