Asset Planning Inc bought a new stake in Simon Property Group, Inc. (NYSE:SPG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,535 shares of the real estate investment trust's stock, valued at approximately $437,000.
Several other large investors have also modified their holdings of the business. Capital Performance Advisors LLP acquired a new position in shares of Simon Property Group in the 3rd quarter worth approximately $30,000. Wingate Wealth Advisors Inc. purchased a new stake in Simon Property Group in the fourth quarter valued at approximately $41,000. Synergy Asset Management LLC acquired a new position in Simon Property Group during the fourth quarter worth $41,000. Eastern Bank purchased a new position in shares of Simon Property Group during the third quarter worth $42,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Simon Property Group during the fourth quarter worth $45,000. Institutional investors and hedge funds own 93.01% of the company's stock.
Insider Transactions at Simon Property Group
In related news, Director Reuben S. Leibowitz acquired 465 shares of Simon Property Group stock in a transaction dated Monday, December 30th. The stock was acquired 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 of the company's stock, valued at $9,427,384.21. This represents a 0.84 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.50% of the company's stock.
Simon Property Group Stock Up 0.5 %
NYSE:SPG traded up $0.98 during mid-day trading on Tuesday, hitting $186.03. The stock had a trading volume of 1,135,025 shares, compared to its average volume of 1,320,278. Simon Property Group, Inc. has a twelve month low of $139.25 and a twelve month high of $188.13. The stock has a 50-day simple moving average of $175.78 and a two-hundred day simple moving average of $171.91. The company has a current ratio of 1.28, a quick ratio of 2.00 and a debt-to-equity ratio of 7.19. The company has a market capitalization of $60.70 billion, a PE ratio of 25.62, a PEG ratio of 9.58 and a beta of 1.74.
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 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 EPS for the current year.
Simon Property Group Dividend Announcement
The firm 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 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date is Monday, March 10th. Simon Property Group's dividend payout ratio (DPR) is 115.70%.
Wall Street Analysts Forecast Growth
SPG has been the topic of several research analyst reports. Jefferies Financial Group upgraded Simon Property Group from a "hold" rating to a "buy" rating and boosted their price objective for the company from $179.00 to $198.00 in a report on Thursday, January 2nd. 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 target on the stock. Piper Sandler raised shares of Simon Property Group from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $175.00 to $205.00 in a research note on Wednesday, February 5th. Finally, Mizuho lifted their price objective 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. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $175.10.
Read Our Latest Stock Analysis on Simon Property Group
Simon Property Group Company Profile
(
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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