Simon Property Group (NYSE:SPG) Shares Unloaded Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently sold shares of Simon Property Group, Inc. (NYSE:SPG). In a filing disclosed on April 11th, the Representative disclosed that they had sold between $50,001 and $100,000 in Simon Property Group stock on March 31st. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Harley-Davidson (NYSE:HOG) on 3/31/2025.
• Purchased $50,001 – $100,000 in shares of Block (NYSE:XYZ) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of DuPont de Nemours (NYSE:DD) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of United Community Banks (NASDAQ:UCB) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of IDEX (NYSE:IEX) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of HNI (NYSE:HNI) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of ServiceNow (NYSE:NOW) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Coinbase Global (NASDAQ:COIN) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Constellation Energy (NASDAQ:CEG) on 3/31/2025.
• Purchased $50,001 – $100,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 3/31/2025.

Simon Property Group Trading Up 0.4 %

Shares of NYSE SPG traded up $0.63 during trading hours on Tuesday, hitting $150.50. 175,259 shares of the company traded hands, compared to its average volume of 1,495,567. The company’s 50 day moving average price is $169.49 and its 200 day moving average price is $173.17. Simon Property Group, Inc. has a 12 month low of $136.34 and a 12 month high of $190.14. The stock has a market capitalization of $49.10 billion, a price-to-earnings ratio of 20.73, a price-to-earnings-growth ratio of 10.10 and a beta of 1.45. The company has a current ratio of 1.28, a quick ratio of 2.00 and a debt-to-equity ratio of 7.19.

Simon Property Group (NYSE:SPG) last posted 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 net margin of 41.49% and a return on equity of 74.02%. On average, equities research analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 5.58%. The ex-dividend date was Monday, March 10th. Simon Property Group’s payout ratio is 115.70%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Hopwood Financial Services Inc. bought a new position in shares of Simon Property Group during the fourth quarter valued at approximately $28,000. WR Wealth Planners LLC boosted its position in Simon Property Group by 328.2% during the 4th quarter. WR Wealth Planners LLC now owns 167 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 128 shares in the last quarter. New England Capital Financial Advisors LLC bought a new stake in Simon Property Group during the 4th quarter valued at $30,000. Caisse Des Depots ET Consignations purchased a new position in shares of Simon Property Group in the 4th quarter valued at $31,000. Finally, TCTC Holdings LLC bought a new position in shares of Simon Property Group in the 4th quarter worth $34,000. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on SPG shares. Stifel Nicolaus raised Simon Property Group from a “hold” rating to a “buy” rating and set a $168.50 target price on the stock in a research note on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft started coverage on Simon Property Group in a research report on Tuesday, December 17th. They set a “hold” rating and a $195.00 target price for the company. Piper Sandler raised shares of 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. Jefferies Financial Group raised shares of Simon Property Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $179.00 to $198.00 in a research note on Thursday, January 2nd. Finally, Scotiabank set a $186.00 price objective on shares of Simon Property Group in a research report on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $181.39.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.