one8zero8 LLC Takes $1.53 Million Position in Simon Property Group, Inc. (NYSE:SPG)

one8zero8 LLC acquired a new stake in Simon Property Group, Inc. (NYSE:SPG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,868 shares of the real estate investment trust's stock, valued at approximately $1,527,000.

Other large investors also recently bought and sold shares of the company. Hopwood Financial Services Inc. acquired a new position in Simon Property Group in the fourth quarter valued at $28,000. WR Wealth Planners LLC raised its holdings in shares of Simon Property Group by 328.2% in the fourth quarter. WR Wealth Planners LLC now owns 167 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 128 shares during the last quarter. New England Capital Financial Advisors LLC purchased a new stake in shares of Simon Property Group in the fourth quarter valued at about $30,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Simon Property Group in the fourth quarter valued at about $41,000. Finally, Synergy Asset Management LLC purchased a new stake in shares of Simon Property Group in the fourth quarter valued at about $41,000. Institutional investors and hedge funds own 93.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on SPG shares. Piper Sandler raised shares of Simon Property Group from a "neutral" rating to an "overweight" rating and upped their target price for the company from $175.00 to $205.00 in a report on Wednesday, February 5th. Scotiabank set a $186.00 target price on shares of Simon Property Group in a report on Friday, February 28th. Mizuho upped their target price on shares of Simon Property Group from $158.00 to $182.00 and gave the company a "neutral" rating in a report on Wednesday, December 4th. Jefferies Financial Group raised shares of 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 report on Thursday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft initiated 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. 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, the stock presently has a consensus rating of "Hold" and a consensus target price of $180.33.

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Insider Buying and Selling at Simon Property Group

In related news, Director Reuben S. Leibowitz bought 465 shares of the company's stock in a transaction on 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 acquisition, the director now 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 filing with the Securities & Exchange Commission, which is available through this link. 8.60% of the stock is currently owned by corporate insiders.

Simon Property Group Price Performance

Simon Property Group stock traded down $0.44 during mid-day trading on Thursday, reaching $164.36. The company had a trading volume of 1,445,296 shares, compared to its average volume of 1,339,635. Simon Property Group, Inc. has a 1 year low of $139.25 and a 1 year high of $190.14. The company has a debt-to-equity ratio of 7.19, a current ratio of 1.28 and a quick ratio of 2.00. The company has a market capitalization of $53.63 billion, a P/E ratio of 22.64, a P/E/G ratio of 10.10 and a beta of 1.78. The stock's 50-day simple moving average is $176.50 and its 200-day simple moving average is $174.40.

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 earnings per share (EPS) 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%. On average, equities analysts predict that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $2.10 dividend. The ex-dividend date is Monday, March 10th. This represents a $8.40 dividend on an annualized basis and a yield of 5.11%. Simon Property Group's dividend payout ratio (DPR) is presently 115.70%.

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.