Nisa Investment Advisors LLC Buys 71,969 Shares of Simon Property Group, Inc. (NYSE:SPG)

Nisa Investment Advisors LLC lifted its position in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 33.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 289,127 shares of the real estate investment trust's stock after acquiring an additional 71,969 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.09% of Simon Property Group worth $49,791,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SPG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Simon Property Group by 617.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,191,296 shares of the real estate investment trust's stock valued at $539,393,000 after purchasing an additional 2,746,503 shares during the period. Smead Capital Management Inc. lifted its holdings in Simon Property Group by 3.5% in the third quarter. Smead Capital Management Inc. now owns 2,620,355 shares of the real estate investment trust's stock valued at $442,892,000 after buying an additional 88,378 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in Simon Property Group by 1.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,487,897 shares of the real estate investment trust's stock valued at $251,484,000 after acquiring an additional 25,519 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in Simon Property Group by 373.6% during the 3rd quarter. Los Angeles Capital Management LLC now owns 1,259,648 shares of the real estate investment trust's stock worth $212,906,000 after acquiring an additional 993,694 shares during the period. Finally, Duff & Phelps Investment Management Co. lifted its stake in shares of Simon Property Group by 6.9% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,142,010 shares of the real estate investment trust's stock valued at $193,023,000 after purchasing an additional 73,742 shares during the period. Institutional investors and hedge funds own 93.01% of the company's stock.

Insider Activity at Simon Property Group

In other news, Director Reuben S. Leibowitz bought 465 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was acquired at an average price of $168.59 per share, with a total value of $78,394.35. Following the completion of the purchase, the director now directly owns 55,919 shares of the company's stock, valued at approximately $9,427,384.21. This represents a 0.84 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 8.60% of the stock is currently owned by company insiders.

Simon Property Group Trading Down 1.7 %

Simon Property Group stock traded down $3.06 during trading hours on Wednesday, hitting $172.90. The stock had a trading volume of 1,513,667 shares, compared to its average volume of 1,413,080. The business's 50 day simple moving average is $177.00 and its 200-day simple moving average is $168.36. Simon Property Group, Inc. has a one year low of $135.15 and a one year high of $186.00. The stock has a market cap of $56.41 billion, a price-to-earnings ratio of 23.02, a P/E/G ratio of 9.33 and a beta of 1.75. 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 (NYSE:SPG - Get Free Report) last posted its earnings results on Friday, November 1st. The real estate investment trust reported $1.46 EPS for the quarter, missing the consensus estimate of $3.00 by ($1.54). The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.32 billion. Simon Property Group had a return on equity of 76.21% and a net margin of 43.36%. The firm's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.20 earnings per share. On average, equities analysts predict that Simon Property Group, Inc. will post 12.72 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were paid a $2.10 dividend. This is a positive change from Simon Property Group's previous quarterly dividend of $2.05. This represents a $8.40 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date was Monday, December 9th. Simon Property Group's payout ratio is currently 111.85%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SPG. Mizuho upped their price objective on Simon Property Group from $158.00 to $182.00 and gave the company a "neutral" rating in a report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft initiated 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 objective on the stock. StockNews.com downgraded shares of Simon Property Group from a "buy" rating to a "hold" rating in a research note on Thursday, October 10th. Finally, Jefferies Financial Group raised shares of Simon Property Group from a "hold" rating to a "buy" rating and lifted their price target for the stock from $179.00 to $198.00 in a research report on Thursday, January 2nd. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Simon Property Group presently has an average rating of "Hold" and an average target price of $172.10.

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.