Generali Investments CEE investicni spolecnost a.s. Purchases New Stake in Simon Property Group, Inc. (NYSE:SPG)

Generali Investments CEE investicni spolecnost a.s. acquired a new position in Simon Property Group, Inc. (NYSE:SPG - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 24,102 shares of the real estate investment trust's stock, valued at approximately $4,151,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Childress Capital Advisors LLC grew its holdings in shares of Simon Property Group by 3.6% during the 4th quarter. Childress Capital Advisors LLC now owns 1,689 shares of the real estate investment trust's stock worth $291,000 after purchasing an additional 58 shares in the last quarter. Global X Japan Co. Ltd. lifted its position in Simon Property Group by 9.9% during the fourth 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 during the period. Aptus Capital Advisors LLC grew its stake in Simon Property Group by 3.9% during 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 in the last quarter. Bleakley Financial Group LLC increased its holdings in Simon Property Group by 1.0% in 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 buying an additional 62 shares during the period. Finally, Carnegie Investment Counsel raised its position in shares of Simon Property Group by 4.3% in the 4th 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. 93.01% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Mizuho boosted their target price on Simon Property Group from $158.00 to $182.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 4th. StockNews.com cut shares of Simon Property Group from a "buy" rating to a "hold" rating in a research report on Saturday. Piper Sandler raised shares of Simon Property Group from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $175.00 to $205.00 in a research note on Wednesday, February 5th. Jefferies Financial Group raised shares of Simon Property Group from a "hold" rating to a "buy" rating and boosted their target price for the stock from $179.00 to $198.00 in a research note on Thursday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft started coverage on Simon Property Group in a research note on Tuesday, December 17th. They issued a "hold" rating and a $195.00 price target for the company. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Simon Property Group currently has a consensus rating of "Hold" and an average price target of $180.33.

Simon Property Group Trading Up 1.5 %

SPG traded up $2.47 during midday trading on Wednesday, hitting $165.95. 1,950,852 shares of the company were exchanged, compared to its average volume of 1,465,065. The firm's 50 day moving average price is $177.75 and its 200-day moving average price is $174.60. Simon Property Group, Inc. has a 1-year low of $139.25 and a 1-year high of $190.13. The firm has a market capitalization 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. The company has a quick ratio of 2.00, a current ratio of 1.28 and a debt-to-equity ratio of 7.19.

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

Simon Property Group Dividend Announcement

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

Insider Buying and Selling

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

Simon Property Group Company 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.