O Shaughnessy Asset Management LLC Purchases 4,671 Shares of Simon Property Group, Inc. (NYSE:SPG)

O Shaughnessy Asset Management LLC grew its stake in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,594 shares of the real estate investment trust's stock after buying an additional 4,671 shares during the period. O Shaughnessy Asset Management LLC's holdings in Simon Property Group were worth $14,224,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Hopwood Financial Services Inc. bought a new position in shares of Simon Property Group during the fourth quarter valued at about $28,000. WR Wealth Planners LLC grew its position in Simon Property Group by 328.2% during the 4th quarter. WR Wealth Planners LLC now owns 167 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 128 shares during the last quarter. New England Capital Financial Advisors LLC purchased a new position in Simon Property Group in the 4th quarter worth approximately $30,000. Caisse Des Depots ET Consignations bought a new stake in Simon Property Group in the fourth quarter valued at approximately $31,000. Finally, TCTC Holdings LLC purchased a new stake in shares of Simon Property Group during the fourth quarter valued at approximately $34,000. 93.01% of the stock is owned by institutional investors.

Simon Property Group Stock Down 3.6 %

Shares of Simon Property Group stock traded down $5.48 during trading on Friday, hitting $147.70. The company's stock had a trading volume of 1,603,049 shares, compared to its average volume of 1,455,480. Simon Property Group, Inc. has a 52 week low of $139.25 and a 52 week high of $190.14. The company has a market capitalization of $48.19 billion, a PE ratio of 20.23, a P/E/G ratio of 10.10 and a beta of 1.45. The company has a fifty day simple moving average of $174.60 and a two-hundred day simple moving average of $174.39. The company has a debt-to-equity ratio of 7.19, a quick ratio of 2.00 and a current ratio of 1.28.

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Simon Property Group (NYSE:SPG - Get Free Report) last announced its earnings results on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.98 by $1.70. Simon Property Group had a net margin of 41.49% and a return on equity of 74.02%. Equities research analysts predict that Simon Property Group, Inc. will post 12.54 earnings per share for the current 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 issued a $2.10 dividend. This represents a $8.40 annualized dividend and a yield of 5.69%. The ex-dividend date was Monday, March 10th. Simon Property Group's dividend payout ratio (DPR) is 115.70%.

Wall Street Analysts Forecast Growth

SPG has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Simon Property Group in a report on Tuesday, December 17th. They set a "hold" rating and a $195.00 price target for the company. Scotiabank set a $186.00 target price on shares of Simon Property Group in a report on Friday, February 28th. Piper Sandler upgraded Simon Property Group from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $175.00 to $205.00 in a report on Wednesday, February 5th. Jefferies Financial Group upgraded Simon Property Group from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $179.00 to $198.00 in a research report on Thursday, January 2nd. Finally, StockNews.com downgraded Simon Property Group from a "buy" rating to a "hold" rating in a report on Saturday, March 29th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Simon Property Group currently has a consensus rating of "Hold" and an average price target of $180.33.

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.