Simon Property Group, Inc. (NYSE:SPG) Shares Bought by Capital Advisors Inc. OK

Capital Advisors Inc. OK lifted its holdings in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 2.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 320,236 shares of the real estate investment trust's stock after acquiring an additional 6,759 shares during the period. Simon Property Group accounts for approximately 1.1% of Capital Advisors Inc. OK's investment portfolio, making the stock its 27th biggest holding. Capital Advisors Inc. OK owned approximately 0.10% of Simon Property Group worth $55,148,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SPG. Capital Performance Advisors LLP acquired a new position in Simon Property Group during the third quarter worth approximately $30,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Simon Property Group in the fourth quarter valued at approximately $41,000. Synergy Asset Management LLC acquired a new position in shares of Simon Property Group in the fourth quarter valued at approximately $41,000. Eastern Bank acquired a new position in shares of Simon Property Group in the third quarter valued at approximately $42,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Simon Property Group in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 93.01% of the company's stock.

Insiders Place Their Bets

In related news, Director Reuben S. Leibowitz purchased 465 shares of the business's stock in a transaction dated Monday, December 30th. The stock was bought at an average cost of $168.59 per share, with a total value of $78,394.35. Following the completion of the acquisition, the director now directly owns 55,919 shares in the company, valued at $9,427,384.21. The trade was a 0.84 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Simon Property Group in a report on Tuesday, December 17th. They issued a "hold" rating and a $195.00 target price on the stock. Mizuho boosted their target price on Simon Property Group from $158.00 to $182.00 and gave the company a "neutral" rating in a report on Wednesday, December 4th. Jefferies Financial Group raised Simon Property Group from a "hold" rating to a "buy" rating and boosted their target price for the company from $179.00 to $198.00 in a report on Thursday, January 2nd. Finally, Piper Sandler raised 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 report on Wednesday, February 5th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $175.10.

Simon Property Group Price Performance

SPG traded down $1.10 during trading on Friday, reaching $185.12. 998,005 shares of the stock were exchanged, compared to its average volume of 1,178,802. The business's 50 day moving average price is $175.72 and its two-hundred day moving average price is $171.45. The company has a debt-to-equity ratio of 7.19, a current ratio of 1.28 and a quick ratio of 2.00. The company has a market capitalization of $60.40 billion, a price-to-earnings ratio of 25.50, a P/E/G ratio of 9.58 and a beta of 1.74. Simon Property Group, Inc. has a 1 year low of $139.25 and a 1 year high of $188.14.

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 EPS for the quarter, topping analysts' consensus estimates of $1.98 by $1.70. Simon Property Group had a return on equity of 74.02% and a net margin of 41.49%. As a group, equities research analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $2.10 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $8.40 dividend on an annualized basis and a yield of 4.54%. Simon Property Group's payout ratio is 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.