American Assets Capital Advisers LLC Lowers Stock Holdings in Simon Property Group, Inc. (NYSE:SPG)

American Assets Capital Advisers LLC cut its position in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 29.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,072 shares of the real estate investment trust's stock after selling 29,659 shares during the quarter. Simon Property Group comprises about 4.1% of American Assets Capital Advisers LLC's holdings, making the stock its 11th largest position. American Assets Capital Advisers LLC's holdings in Simon Property Group were worth $12,239,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Hopwood Financial Services Inc. purchased a new position in Simon Property Group in the 4th quarter valued at approximately $28,000. WR Wealth Planners LLC boosted its holdings in shares of Simon Property Group by 328.2% in the fourth quarter. WR Wealth Planners LLC now owns 167 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 128 shares during the period. New England Capital Financial Advisors LLC purchased a new position in shares of Simon Property Group in the fourth quarter valued at $30,000. Synergy Asset Management LLC bought a new stake in shares of Simon Property Group during the 4th quarter valued at $41,000. Finally, Wingate Wealth Advisors Inc. purchased a new stake in Simon Property Group during the 4th quarter worth about $41,000. Hedge funds and other institutional investors own 93.01% of the company's stock.

Insiders Place Their Bets

In related news, Director Reuben S. Leibowitz acquired 465 shares of the business's stock in a transaction that occurred on Monday, December 30th. The stock was bought at an average cost of $168.59 per share, for a total transaction of $78,394.35. Following the purchase, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 8.60% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SPG shares. Scotiabank set a $186.00 target price on Simon Property Group in a report on Friday, February 28th. Piper Sandler raised shares of Simon Property Group from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $175.00 to $205.00 in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Simon Property Group in a research note on Tuesday, December 17th. They issued a "hold" rating and a $195.00 target price on the stock. Mizuho boosted their price target on shares of Simon Property Group from $158.00 to $182.00 and gave the company a "neutral" rating in a research report on Wednesday, December 4th. Finally, StockNews.com downgraded Simon Property Group from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $180.33.

Simon Property Group Trading Down 0.3 %

Simon Property Group stock traded down $0.44 during mid-day trading on Thursday, reaching $164.36. 1,445,296 shares of the company traded hands, compared to its average volume of 1,339,635. Simon Property Group, Inc. has a 52-week low of $139.25 and a 52-week high of $190.14. The firm has a market capitalization of $53.63 billion, a price-to-earnings ratio of 22.64, a P/E/G ratio of 10.10 and a beta of 1.78. The company has a debt-to-equity ratio of 7.19, a current ratio of 1.28 and a quick ratio of 2.00. The firm's 50 day moving average price is $176.50 and its 200 day moving average price is $174.40.

Simon Property Group (NYSE:SPG - Get Free Report) last posted its earnings results 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%. On average, analysts anticipate 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 will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a dividend of $2.10 per share. This represents a $8.40 annualized dividend and a yield of 5.11%. The ex-dividend date is Monday, March 10th. Simon Property Group's dividend payout ratio is presently 115.70%.

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.