Representative Greg Landsman (D-Ohio) recently sold shares of Simon Property Group, Inc. NYSE: SPG. In a filing disclosed on April 08th, the Representative disclosed that they had sold between $15,001 and $50,000 in Simon Property Group stock on March 27th. The trade occurred in the Representative's "ROCKEFELLER CAPITAL MANAGEMENT (2)" account.
Representative Greg Landsman also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of CrowdStrike NASDAQ: CRWD on 3/27/2025.
- Sold $1,001 - $15,000 in shares of Cadence Design Systems NASDAQ: CDNS on 3/27/2025.
- Sold $1,001 - $15,000 in shares of L3Harris Technologies NYSE: LHX on 3/27/2025.
- Sold $15,001 - $50,000 in shares of Visa NYSE: V on 3/27/2025.
- Sold $15,001 - $50,000 in shares of Cencora NYSE: COR on 3/27/2025.
- Sold $15,001 - $50,000 in shares of Alphabet NASDAQ: GOOGL on 3/27/2025.
- Sold $1,001 - $15,000 in shares of Ameriprise Financial NYSE: AMP on 3/27/2025.
- Sold $15,001 - $50,000 in shares of Salesforce NYSE: CRM on 3/27/2025.
- Sold $1,001 - $15,000 in shares of Equinix NASDAQ: EQIX on 3/27/2025.
- Sold $15,001 - $50,000 in shares of Procter & Gamble NYSE: PG on 3/27/2025.
Simon Property Group Stock Down 0.3 %
Shares of SPG stock traded down $0.52 during trading hours on Tuesday, reaching $149.35. The company had a trading volume of 1,203,463 shares, compared to its average volume of 1,500,585. The business has a fifty day simple moving average of $168.88 and a 200-day simple moving average of $173.01. Simon Property Group, Inc. has a 12 month low of $136.34 and a 12 month high of $190.14. The company has a market cap of $48.73 billion, a price-to-earnings ratio of 20.57, a price-to-earnings-growth ratio of 10.10 and a beta of 1.45. 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 issued its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.98 by $1.70. Simon Property Group had a net margin of 41.49% and a return on equity of 74.02%. 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 Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were paid a dividend of $2.10 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $8.40 dividend on an annualized basis and a yield of 5.62%. Simon Property Group's dividend payout ratio (DPR) is currently 115.70%.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on SPG shares. Stifel Nicolaus raised shares of Simon Property Group from a "hold" rating to a "buy" rating and set a $168.50 price target on the stock in a report on Wednesday, April 9th. Jefferies Financial Group raised shares of Simon Property Group from a "hold" rating to a "buy" rating and lifted their price target for the stock from $179.00 to $198.00 in a report on Thursday, January 2nd. Piper Sandler upgraded Simon Property Group from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $175.00 to $205.00 in a research note on Wednesday, February 5th. StockNews.com downgraded Simon Property Group from a "buy" rating to a "hold" rating in a research note on Saturday, March 29th. Finally, Scotiabank set a $186.00 price objective on Simon Property Group in a research note on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Simon Property Group currently has an average rating of "Moderate Buy" and a consensus target price of $181.39.
View Our Latest Report on Simon Property Group
Institutional Investors Weigh In On Simon Property Group
Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of Simon Property Group during the 4th quarter worth $2,059,505,000. Geode Capital Management LLC raised its holdings in shares of Simon Property Group by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 9,160,242 shares of the real estate investment trust's stock valued at $1,577,600,000 after buying an additional 230,982 shares in the last quarter. Northern Trust Corp grew its position in Simon Property Group by 45.9% during the fourth quarter. Northern Trust Corp now owns 5,462,856 shares of the real estate investment trust's stock valued at $940,758,000 after acquiring an additional 1,718,398 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Simon Property Group by 5.5% during the fourth quarter. JPMorgan Chase & Co. now owns 4,710,538 shares of the real estate investment trust's stock worth $811,202,000 after acquiring an additional 246,630 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Simon Property Group by 14.8% during the 4th quarter. Invesco Ltd. now owns 4,216,575 shares of the real estate investment trust's stock valued at $726,136,000 after purchasing an additional 542,511 shares during the last quarter. 93.01% of the stock is owned by hedge funds and other institutional investors.
About Representative Landsman
Greg Landsman (Democratic Party) is a member of the U.S. House, representing Ohio's 1st Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.
Landsman (Democratic Party) is running for re-election to the U.S. House to represent Ohio's 1st Congressional District. He declared candidacy for the 2026 election.
Greg Landsman was born in Cincinnati, Ohio, and lives in Mt. Washington, Ohio. Landsman earned a B.A. in economics and political science from Ohio University and an M.A. in theological studies, religion, and public policy from Harvard University in 2004. His career experience includes working as the executive director of The Strive Partnership with the KnowledgeWorks Foundation and the director of the Ohio Governor's Office of Faith-Based and Community Initiatives.
About Simon Property Group
(
Get Free Report)
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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