Golden State Equity Partners Has $933,000 Holdings in Simon Property Group, Inc. (NYSE:SPG)

Golden State Equity Partners raised its holdings in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 823.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,418 shares of the real estate investment trust's stock after acquiring an additional 4,831 shares during the period. Golden State Equity Partners' holdings in Simon Property Group were worth $933,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in shares of Simon Property Group in the 3rd quarter valued at approximately $30,000. 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 bought a new stake in shares of Simon Property Group during the third quarter worth $42,000. Ashton Thomas Securities LLC acquired a new stake in shares of Simon Property Group during the third quarter worth $52,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in Simon Property Group by 107.5% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 413 shares of the real estate investment trust's stock valued at $70,000 after acquiring an additional 214 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Simon Property Group news, Director Reuben S. Leibowitz acquired 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 transaction, the director now directly owns 55,919 shares in the company, valued at approximately $9,427,384.21. This represents a 0.84 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.60% of the stock is currently owned by corporate insiders.

Simon Property Group Trading Down 1.2 %

Shares of Simon Property Group stock opened at $173.75 on Monday. The stock has a market cap of $56.69 billion, a P/E ratio of 23.14, a P/E/G ratio of 9.31 and a beta of 1.74. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 8.20. Simon Property Group, Inc. has a 12-month low of $135.15 and a 12-month high of $186.00. The business's 50 day moving average is $176.08 and its 200-day moving average is $169.67.

Simon Property Group (NYSE:SPG - Get Free Report) last posted its quarterly earnings results on Friday, November 1st. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.00 by ($1.54). The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.32 billion. Simon Property Group had a return on equity of 76.21% and a net margin of 43.36%. The business's revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $3.20 earnings per share. Equities research analysts predict that Simon Property Group, Inc. will post 12.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

SPG has been the subject of a number of research reports. Jefferies Financial Group upgraded Simon Property Group from a "hold" rating to a "buy" rating and increased their target price for the stock from $179.00 to $198.00 in a report on Thursday, January 2nd. StockNews.com downgraded Simon Property Group from a "buy" rating to a "hold" rating in a report on Thursday, October 10th. Mizuho boosted their target price on Simon Property Group from $158.00 to $182.00 and gave the company a "neutral" rating in a research note on Wednesday, December 4th. Finally, 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 price target for the company. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $172.10.

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.

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