Banco Santander S.A. Invests $12.63 Million in Simon Property Group, Inc. (NYSE:SPG)

Banco Santander S.A. purchased a new position in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 73,336 shares of the real estate investment trust's stock, valued at approximately $12,629,000.

Several other institutional investors have also added to or reduced their stakes in the company. Childress Capital Advisors LLC boosted its position in shares of Simon Property Group by 3.6% in the fourth quarter. Childress Capital Advisors LLC now owns 1,689 shares of the real estate investment trust's stock valued at $291,000 after acquiring an additional 58 shares during the period. Global X Japan Co. Ltd. raised its stake in Simon Property Group by 9.9% in the 4th quarter. Global X Japan Co. Ltd. now owns 655 shares of the real estate investment trust's stock worth $113,000 after purchasing an additional 59 shares in the last quarter. Aptus Capital Advisors LLC boosted its holdings in Simon Property Group by 3.9% in the 3rd quarter. Aptus Capital Advisors LLC now owns 1,615 shares of the real estate investment trust's stock valued at $273,000 after purchasing an additional 61 shares during the period. Bleakley Financial Group LLC grew its position in shares of Simon Property Group by 1.0% during the 4th quarter. Bleakley Financial Group LLC now owns 6,237 shares of the real estate investment trust's stock worth $1,074,000 after purchasing an additional 62 shares in the last quarter. Finally, Carnegie Investment Counsel increased its holdings in shares of Simon Property Group by 4.3% during the fourth quarter. Carnegie Investment Counsel now owns 1,569 shares of the real estate investment trust's stock worth $270,000 after purchasing an additional 65 shares during the period. 93.01% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In related news, Director Reuben S. Leibowitz bought 465 shares of the business's stock in a transaction on Monday, December 30th. The shares were purchased at an average cost of $168.59 per share, with a total value of $78,394.35. Following the acquisition, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 8.50% of the company's stock.

Simon Property Group Price Performance

Simon Property Group stock traded up $2.47 during mid-day trading on Wednesday, reaching $165.95. The company had a trading volume of 1,950,549 shares, compared to its average volume of 1,341,214. The business has a fifty day simple moving average of $177.75 and a 200 day simple moving average of $174.60. The company has a market cap of $54.15 billion, a P/E ratio of 22.86, a P/E/G ratio of 10.10 and a beta of 1.78. Simon Property Group, Inc. has a fifty-two week low of $139.25 and a fifty-two week high of $190.14. 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 - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share for the quarter, beating the consensus estimate of $1.98 by $1.70. Simon Property Group had a return on equity of 74.02% and a net margin of 41.49%. On average, equities research analysts predict that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $2.10 per share. The ex-dividend date is Monday, March 10th. This represents a $8.40 annualized dividend and a yield of 5.06%. Simon Property Group's dividend payout ratio is presently 115.70%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SPG shares. Jefferies Financial Group raised Simon Property Group from a "hold" rating to a "buy" rating and increased their price target for the stock from $179.00 to $198.00 in a research report on Thursday, January 2nd. Scotiabank set a $186.00 price target on Simon Property Group in a research report on Friday, February 28th. 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 on the stock. Mizuho boosted their target price 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 lowered shares of Simon Property Group from a "buy" rating to a "hold" rating in a research report on Saturday. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $180.33.

Simon Property Group 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.