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 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 Price Performance

Simon Property Group stock opened at $183.76 on Thursday. Simon Property Group, Inc. has a 1 year low of $139.25 and a 1 year high of $186.00. The company has a debt-to-equity ratio of 7.19, a quick ratio of 2.00 and a current ratio of 1.28. The firm has a 50 day moving average price of $175.56 and a 200 day moving average price of $171.03. The company has a market cap of $59.96 billion, a price-to-earnings ratio of 25.31, a PEG ratio of 9.58 and a beta of 1.74.

Simon Property Group (NYSE:SPG) 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, beating 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%. Sell-side analysts predict that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a dividend of $2.10 per share. The ex-dividend date is Monday, March 10th. This represents a $8.40 annualized dividend and a dividend yield of 4.57%. Simon Property Group’s payout ratio is currently 115.70%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, Director Reuben S. Leibowitz bought 465 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was bought at an average price of $168.59 per share, for a total transaction of $78,394.35. Following the transaction, the director now owns 55,919 shares in the company, valued at $9,427,384.21. The trade was a 0.84 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 8.50% of the stock is owned by company insiders.

Institutional Trading of Simon Property Group

Several large investors have recently modified their holdings of the business. CWM LLC increased its holdings in Simon Property Group by 3.3% during the 3rd quarter. CWM LLC now owns 9,382 shares of the real estate investment trust’s stock worth $1,586,000 after purchasing an additional 302 shares during the last quarter. UMB Bank n.a. grew its position in shares of Simon Property Group by 7.1% during the third quarter. UMB Bank n.a. now owns 2,325 shares of the real estate investment trust’s stock worth $393,000 after buying an additional 154 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Simon Property Group by 433.2% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,954 shares of the real estate investment trust’s stock worth $499,000 after buying an additional 2,400 shares during the last quarter. Valeo Financial Advisors LLC raised its holdings in Simon Property Group by 1.4% in the third quarter. Valeo Financial Advisors LLC now owns 9,444 shares of the real estate investment trust’s stock valued at $1,596,000 after acquiring an additional 130 shares in the last quarter. Finally, Ritholtz Wealth Management boosted its stake in Simon Property Group by 12.9% during the 3rd quarter. Ritholtz Wealth Management now owns 9,851 shares of the real estate investment trust’s stock valued at $1,665,000 after acquiring an additional 1,128 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

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.