Rep. Victoria Spartz Buys Simon Property Group, Inc. (NYSE:SPG) Stock

Representative Victoria Spartz (R-Indiana) recently bought shares of Simon Property Group, Inc. NYSE: SPG. In a filing disclosed on April 26th, the Representative disclosed that they had bought between $1,001 and $15,000 in Simon Property Group stock on April 3rd. The trade occurred in the Representative's "CHARLES SCHWAB ROTH IRA" account.

Representative Victoria Spartz also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Simon Property Group NYSE: SPG on 2/3/2025.

Simon Property Group Price Performance

Shares of NYSE SPG traded up $2.90 during mid-day trading on Friday, reaching $161.77. 1,319,863 shares of the company traded hands, compared to its average volume of 1,516,942. Simon Property Group, Inc. has a fifty-two week low of $136.34 and a fifty-two week high of $190.14. The firm has a market cap of $52.78 billion, a PE ratio of 22.28, a price-to-earnings-growth ratio of 10.10 and a beta of 1.43. The stock has a fifty day simple moving average of $161.11 and a 200-day simple moving average of $171.58. The company has a debt-to-equity ratio of 7.19, a current ratio of 1.28 and a quick ratio of 2.00.

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

Simon Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were paid a $2.10 dividend. This represents a $8.40 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date was Monday, March 10th. Simon Property Group's dividend payout ratio is currently 115.70%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of Simon Property Group in the third quarter worth $834,000. First Hawaiian Bank increased its position in Simon Property Group by 35.0% in the 4th quarter. First Hawaiian Bank now owns 5,294 shares of the real estate investment trust's stock worth $912,000 after purchasing an additional 1,372 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Simon Property Group by 72.8% during the 4th quarter. Versant Capital Management Inc now owns 999 shares of the real estate investment trust's stock worth $172,000 after purchasing an additional 421 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Simon Property Group by 0.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 587,933 shares of the real estate investment trust's stock valued at $101,130,000 after buying an additional 3,990 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new stake in shares of Simon Property Group during the 4th quarter valued at about $416,000. Institutional investors and hedge funds own 93.01% of the company's stock.

Analysts Set New Price Targets

SPG has been the subject of several analyst reports. Stifel Nicolaus raised Simon Property Group from a "hold" rating to a "buy" rating and set a $168.50 target price for the company in a report on Wednesday, April 9th. StockNews.com cut shares of Simon Property Group from a "buy" rating to a "hold" rating in a report on Saturday, March 29th. Piper Sandler upgraded shares of Simon Property Group from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $175.00 to $205.00 in a report on Wednesday, February 5th. Finally, Scotiabank decreased their price objective on shares of Simon Property Group from $186.00 to $159.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 23rd. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $178.39.

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.