Rep. Val T. Hoyle Sells Off Shares of Simon Property Group, Inc. (NYSE:SPG)

Key Points

• Representative Val T. Hoyle sold shares of Simon Property Group (NYSE:SPG) worth between $1,001 and $15,000 on September 23rd, as disclosed in a filing.
• Simon Property Group reported a quarterly earnings per share of $3.05, surpassing analysts' expectations, with a revenue increase of 13.9% compared to last year.
• The company's latest dividend was increased to $2.15 per share, representing a 4.9% dividend yield, while its dividend payout ratio stands at 132.92%.

Representative Val T. Hoyle (D-Oregon) recently sold shares of Simon Property Group, Inc. NYSE: SPG. In a filing disclosed on October 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in Simon Property Group stock on September 23rd. The trade occurred in the Representative's "FIDELITY ROLLOVER IRA" account.

Representative Val T. Hoyle also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Marriott International NASDAQ: MAR on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Transdigm Group NYSE: TDG on 9/23/2025.
• Sold $1,001 - $15,000 in shares of H&R Block NYSE: HRB on 9/23/2025.
• Sold $1,001 - $15,000 in shares of NIKE NYSE: NKE on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Bank of New York Mellon NYSE: BK on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Cisco Systems NASDAQ: CSCO on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Capital One Financial NYSE: COF on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Pentair NYSE: PNR on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Heico NYSE: HEI.A on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Target NYSE: TGT on 9/23/2025.

Simon Property Group Stock Down 1.9%

SPG opened at $175.39 on Friday. Simon Property Group, Inc. has a 1-year low of $136.34 and a 1-year high of $190.13. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 9.05. The stock has a market capitalization of $57.26 billion, a price-to-earnings ratio of 27.11, a P/E/G ratio of 10.83 and a beta of 1.50. The business has a 50 day moving average of $178.12 and a 200-day moving average of $165.96.

Simon Property Group (NYSE:SPG - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $3.05 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.01. Simon Property Group had a return on equity of 72.38% and a net margin of 36.78%.The company had revenue of $1.50 billion during the quarter, compared to analysts' expectations of $1.40 billion. During the same period in the prior year, the business earned $2.90 earnings per share. Simon Property Group's revenue for the quarter was up 13.9% compared to the same quarter last year. Simon Property Group has set its FY 2025 guidance at 12.450-12.650 EPS. As a group, sell-side analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 9th were given a $2.15 dividend. This is a positive change from Simon Property Group's previous quarterly dividend of $2.10. This represents a $8.60 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Tuesday, September 9th. Simon Property Group's dividend payout ratio (DPR) is currently 132.92%.

Institutional Investors Weigh In On Simon Property Group

Several institutional investors and hedge funds have recently made changes to their positions in SPG. Capital Advisors Inc. OK grew its stake in Simon Property Group by 0.5% during the second quarter. Capital Advisors Inc. OK now owns 393,756 shares of the real estate investment trust's stock worth $63,300,000 after purchasing an additional 2,064 shares during the period. Farther Finance Advisors LLC lifted its holdings in Simon Property Group by 31.1% during the first quarter. Farther Finance Advisors LLC now owns 3,325 shares of the real estate investment trust's stock worth $553,000 after acquiring an additional 789 shares during the period. MinichMacGregor Wealth Management LLC bought a new stake in shares of Simon Property Group in the second quarter valued at $283,000. Focus Partners Wealth raised its stake in shares of Simon Property Group by 89.0% in the first quarter. Focus Partners Wealth now owns 114,156 shares of the real estate investment trust's stock valued at $18,959,000 after buying an additional 53,764 shares during the period. Finally, Golden State Wealth Management LLC raised its stake in shares of Simon Property Group by 193.5% in the first quarter. Golden State Wealth Management LLC now owns 772 shares of the real estate investment trust's stock valued at $128,000 after buying an additional 509 shares during the period. Institutional investors and hedge funds own 93.01% of the company's stock.

Insider Transactions at Simon Property Group

In related news, Director Gary M. Rodkin acquired 219 shares of the firm's stock in a transaction that occurred on Tuesday, September 30th. The shares were bought at an average cost of $185.95 per share, for a total transaction of $40,723.05. Following the purchase, the director owned 19,229 shares in the company, valued at $3,575,632.55. This trade represents a 1.15% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel C. Smith acquired 335 shares of the firm's stock in a transaction that occurred on Tuesday, September 30th. The shares were bought at an average price of $185.95 per share, for a total transaction of $62,293.25. Following the completion of the purchase, the director owned 32,333 shares in the company, valued at $6,012,321.35. This trade represents a 1.05% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 2,163 shares of company stock valued at $401,605. 8.66% of the stock is currently owned by insiders.

Analysts Set New Price Targets

SPG has been the subject of a number of research reports. Morgan Stanley raised their target price on Simon Property Group from $170.00 to $180.00 and gave the company an "equal weight" rating in a research note on Thursday, September 11th. Stifel Nicolaus cut Simon Property Group from a "buy" rating to a "hold" rating and set a $179.00 target price on the stock. in a report on Tuesday, September 2nd. LADENBURG THALM/SH SH initiated coverage on Simon Property Group in a report on Friday, July 18th. They set a "buy" rating and a $225.00 target price on the stock. Scotiabank raised their price target on Simon Property Group from $163.00 to $173.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 28th. Finally, Argus reiterated a "buy" rating and set a $185.00 target price on shares of Simon Property Group in a research note on Friday, September 5th. Five investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $187.23.

About Representative Hoyle

Val Hoyle (Democratic Party) is a member of the U.S. House, representing Oregon's 4th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. Hoyle (Democratic Party) is running for re-election to the U.S. House to represent Oregon's 4th Congressional District. She declared candidacy for the 2026 election. Val Hoyle was born in California and lives in Springfield, Oregon. Hoyle graduated from Merrimack High School. She earned a B.A. in political science from Emmanuel College in 1992. Her career experience includes working as a director at United Way of Lane County, a policy fellow at Wayne Morse Center for Law and Politics, and a commissioner at the Oregon Bureau of Labor and Industries. Hoyle has also worked in domestic and international sales, as well as manufacturing distribution.

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.

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