Simon Property Group, Inc. (NYSE:SPG) Stake Raised by Nixon Capital LLC

Nixon Capital LLC raised its stake in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,536 shares of the real estate investment trust's stock after purchasing an additional 2,664 shares during the quarter. Simon Property Group comprises about 3.3% of Nixon Capital LLC's investment portfolio, making the stock its 15th biggest position. Nixon Capital LLC's holdings in Simon Property Group were worth $10,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hopwood Financial Services Inc. purchased a new stake in shares of Simon Property Group during the 4th quarter valued at about $28,000. WR Wealth Planners LLC raised its stake in shares of Simon Property Group by 328.2% during the fourth quarter. WR Wealth Planners LLC now owns 167 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 128 shares during the period. New England Capital Financial Advisors LLC purchased a new stake in shares of Simon Property Group during the fourth quarter valued at approximately $30,000. Caisse Des Depots ET Consignations acquired a new position in shares of Simon Property Group during the fourth quarter worth $31,000. Finally, TCTC Holdings LLC purchased a new position in shares of Simon Property Group in the fourth quarter valued at $34,000. Institutional investors and hedge funds own 93.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. StockNews.com lowered shares of Simon Property Group from a "buy" rating to a "hold" rating in a report on Saturday, March 29th. Deutsche Bank Aktiengesellschaft began coverage on Simon Property Group in a report on Tuesday, December 17th. They issued a "hold" rating and a $195.00 price target for the company. Scotiabank set a $186.00 price objective on Simon Property Group in a report on Friday, February 28th. Jefferies Financial Group raised Simon Property Group from a "hold" rating to a "buy" rating and upped their target price for the company from $179.00 to $198.00 in a research report on Thursday, January 2nd. Finally, Stifel Nicolaus upgraded shares of Simon Property Group from a "hold" rating to a "buy" rating and set a $168.50 price target for the company in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $181.39.

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Simon Property Group Stock Performance

Shares of NYSE SPG traded up $0.29 during midday trading on Friday, hitting $147.98. The company's stock had a trading volume of 1,712,797 shares, compared to its average volume of 1,499,610. 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 1-year low of $136.34 and a 1-year high of $190.14. The firm's fifty day moving average price is $170.08 and its 200-day moving average price is $173.25. The firm has a market cap of $48.28 billion, a P/E ratio of 20.38, a P/E/G ratio of 10.10 and a beta of 1.45.

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

Simon Property Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were paid a $2.10 dividend. This represents a $8.40 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date was Monday, March 10th. Simon Property Group's payout ratio is 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.