Clientfirst Wealth Management LLC Makes New $274,000 Investment in Simon Property Group, Inc. (NYSE:SPG)

Clientfirst Wealth Management LLC acquired a new position in Simon Property Group, Inc. (NYSE:SPG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,593 shares of the real estate investment trust's stock, valued at approximately $274,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Childress Capital Advisors LLC boosted its holdings 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 worth $291,000 after buying an additional 58 shares during the last quarter. Global X Japan Co. Ltd. boosted its holdings in shares of Simon Property Group by 9.9% in the fourth quarter. Global X Japan Co. Ltd. now owns 655 shares of the real estate investment trust's stock worth $113,000 after buying an additional 59 shares during the last quarter. Aptus Capital Advisors LLC boosted its holdings in shares of Simon Property Group by 3.9% in the third quarter. Aptus Capital Advisors LLC now owns 1,615 shares of the real estate investment trust's stock worth $273,000 after buying an additional 61 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of Simon Property Group by 1.0% in the fourth quarter. Bleakley Financial Group LLC now owns 6,237 shares of the real estate investment trust's stock worth $1,074,000 after buying an additional 62 shares during the last quarter. Finally, Inspire Advisors LLC boosted its holdings in shares of Simon Property Group by 1.6% in the third quarter. Inspire Advisors LLC now owns 4,118 shares of the real estate investment trust's stock worth $696,000 after buying an additional 65 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors.

Insider Activity at Simon Property Group

In other Simon Property Group news, Director Reuben S. Leibowitz bought 465 shares of the business's stock in a transaction that occurred on Monday, December 30th. The stock was purchased 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 owns 55,919 shares in the company, valued at $9,427,384.21. This trade represents a 0.84 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 8.50% of the stock is currently owned by insiders.

Simon Property Group Price Performance

Shares of Simon Property Group stock traded down $0.62 on Wednesday, hitting $183.76. 1,394,250 shares of the company traded hands, compared to its average volume of 1,337,118. The stock has a market capitalization of $59.96 billion, a P/E ratio of 25.31, a price-to-earnings-growth ratio of 9.58 and a beta of 1.74. The company has a debt-to-equity ratio of 7.19, a quick ratio of 2.00 and a current ratio of 1.28. Simon Property Group, Inc. has a 52 week low of $139.25 and a 52 week high of $186.00. The business has a 50-day simple moving average of $175.56 and a 200 day simple moving average of $171.03.

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 (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%. Research analysts expect 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a $2.10 dividend. This represents a $8.40 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date of this dividend is Monday, March 10th. Simon Property Group's dividend payout ratio (DPR) is presently 115.70%.

Wall Street Analyst Weigh In

A number of research firms have commented on SPG. Deutsche Bank Aktiengesellschaft began coverage on shares of Simon Property Group in a research note on Tuesday, December 17th. They set a "hold" rating and a $195.00 target price on the stock. Piper Sandler upgraded shares of Simon Property Group from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $175.00 to $205.00 in a research note on Wednesday, February 5th. Jefferies Financial Group upgraded shares of Simon Property Group from a "hold" rating to a "buy" rating and raised their target price for the stock from $179.00 to $198.00 in a research note on Thursday, January 2nd. Finally, Mizuho raised their target price on shares of Simon Property Group from $158.00 to $182.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 4th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Simon Property Group currently has an average rating of "Hold" and an average price target of $175.10.

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.