Certuity LLC Sells 1,517 Shares of Simon Property Group, Inc. (NYSE:SPG)

Certuity LLC decreased its stake in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 55.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,204 shares of the real estate investment trust's stock after selling 1,517 shares during the period. Certuity LLC's holdings in Simon Property Group were worth $207,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of SPG. Quent Capital LLC increased its stake in Simon Property Group by 45.5% in the 4th quarter. Quent Capital LLC now owns 502 shares of the real estate investment trust's stock valued at $86,000 after buying an additional 157 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in shares of Simon Property Group in the fourth quarter valued at approximately $45,000. Sapient Capital LLC increased its position in shares of Simon Property Group by 0.3% during the fourth quarter. Sapient Capital LLC now owns 205,035 shares of the real estate investment trust's stock valued at $35,309,000 after acquiring an additional 667 shares during the last quarter. Soltis Investment Advisors LLC lifted its holdings in Simon Property Group by 1.2% during the fourth quarter. Soltis Investment Advisors LLC now owns 23,210 shares of the real estate investment trust's stock worth $3,997,000 after acquiring an additional 279 shares during the period. Finally, Wingate Wealth Advisors Inc. purchased a new position in Simon Property Group in the fourth quarter worth $41,000. Institutional investors own 93.01% of the company's stock.

Simon Property Group Price Performance

SPG traded down $1.10 during trading on Monday, reaching $185.12. 998,005 shares of the company were exchanged, compared to its average volume of 1,178,802. The company has a quick ratio of 2.00, a current ratio of 1.28 and a debt-to-equity ratio of 7.19. The company has a market cap 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 12-month low of $139.25 and a 12-month high of $188.14. The company's 50-day moving average is $175.72 and its two-hundred day moving average is $171.69.

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 EPS 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%. Research analysts forecast that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a $2.10 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $8.40 dividend on an annualized basis and a dividend yield of 4.54%. Simon Property Group's dividend payout ratio (DPR) is presently 115.70%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SPG shares. Mizuho raised their target price on Simon Property Group from $158.00 to $182.00 and gave the company a "neutral" rating in a research report on Wednesday, December 4th. Jefferies Financial Group raised shares of Simon Property Group from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $179.00 to $198.00 in a research report on Thursday, January 2nd. Piper Sandler raised shares of Simon Property Group from a "neutral" rating to an "overweight" rating and increased their target price for the company from $175.00 to $205.00 in a research report on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Simon Property Group in a report on Tuesday, December 17th. They issued a "hold" rating and a $195.00 price target on the stock. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Simon Property Group has a consensus rating of "Hold" and a consensus price target of $175.10.

Insider Buying and Selling

In related news, Director Reuben S. Leibowitz acquired 465 shares of the company'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 acquisition, the director now owns 55,919 shares of the company's stock, valued at approximately $9,427,384.21. The trade was a 0.84 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.50% of the stock is currently owned by company insiders.

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.