Generali Asset Management SPA SGR Takes $4.15 Million Position in Simon Property Group, Inc. (NYSE:SPG)

Generali Asset Management SPA SGR bought a new position in Simon Property Group, Inc. (NYSE:SPG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 24,093 shares of the real estate investment trust's stock, valued at approximately $4,149,000.

Several other hedge funds and other institutional investors have also modified their holdings of SPG. Childress Capital Advisors LLC raised its stake in Simon Property Group by 3.6% during the fourth quarter. Childress Capital Advisors LLC now owns 1,689 shares of the real estate investment trust's stock worth $291,000 after acquiring an additional 58 shares in the last quarter. Global X Japan Co. Ltd. increased its position in shares of Simon Property Group by 9.9% during 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. Bleakley Financial Group LLC lifted its holdings in 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 valued at $1,074,000 after purchasing an additional 62 shares during the last quarter. Carnegie Investment Counsel boosted its position in Simon Property Group by 4.3% in the fourth quarter. Carnegie Investment Counsel now owns 1,569 shares of the real estate investment trust's stock valued at $270,000 after buying an additional 65 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in Simon Property Group by 2.8% during the fourth quarter. UMB Bank n.a. now owns 2,391 shares of the real estate investment trust's stock worth $412,000 after buying an additional 66 shares during the last quarter. Institutional investors own 93.01% of the company's stock.

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Analyst Ratings Changes

A number of research firms have recently issued reports on SPG. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Simon Property Group in a research note on Tuesday, December 17th. They issued a "hold" rating and a $195.00 target price for the company. Mizuho lifted their price objective 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. StockNews.com upgraded Simon Property Group from a "hold" rating to a "buy" rating in a report on Friday. Jefferies Financial Group raised Simon Property Group from a "hold" rating to a "buy" rating and lifted their price target for the company from $179.00 to $198.00 in a report on Thursday, January 2nd. Finally, Scotiabank set a $186.00 price objective on shares of Simon Property Group in a report on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $180.33.

Insider Buying and Selling

In other news, Director Reuben S. Leibowitz acquired 465 shares of the firm's stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average price of $168.59 per share, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 8.60% of the stock is owned by insiders.

Simon Property Group Trading Down 1.4 %

NYSE:SPG traded down $2.33 on Friday, hitting $162.12. 3,094,006 shares of the stock were exchanged, compared to its average volume of 1,342,277. 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 $190.14. The stock has a market capitalization of $52.90 billion, a price-to-earnings ratio of 22.33, a P/E/G ratio of 10.10 and a beta of 1.78. The company's 50-day moving average price is $176.11 and its 200 day moving average price is $174.37.

Simon Property Group (NYSE:SPG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $3.68 EPS for the quarter, topping 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%. On average, equities research analysts forecast that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a dividend of $2.10 per share. The ex-dividend date is Monday, March 10th. This represents a $8.40 dividend on an annualized basis and a dividend yield of 5.18%. Simon Property Group's dividend payout ratio (DPR) is presently 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.