Personal CFO Solutions LLC Sells 6,140 Shares of Simon Property Group, Inc. (NYSE:SPG)

Personal CFO Solutions LLC reduced its position in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 70.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,516 shares of the real estate investment trust's stock after selling 6,140 shares during the period. Personal CFO Solutions LLC's holdings in Simon Property Group were worth $433,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its stake in Simon Property Group by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,637,529 shares of the real estate investment trust's stock valued at $626,419,000 after acquiring an additional 64,418 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake 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 acquiring an additional 2,746,503 shares in the last quarter. Smead Capital Management Inc. lifted its stake in Simon Property Group by 3.5% during the 3rd 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 acquiring an additional 88,378 shares in the last quarter. Amundi lifted its stake in Simon Property Group by 10.5% during the 4th quarter. Amundi now owns 1,728,738 shares of the real estate investment trust's stock valued at $301,088,000 after acquiring an additional 163,764 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in Simon Property Group by 1.7% during the 3rd 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 in the last quarter. 93.01% of the stock is currently owned by institutional investors.

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Simon Property Group Price Performance

NYSE SPG traded up $2.47 during trading on Wednesday, reaching $165.95. The company's stock had a trading volume of 1,951,062 shares, compared to its average volume of 1,338,635. The stock has a market capitalization of $54.15 billion, a PE ratio of 22.86, a P/E/G ratio of 10.10 and a beta of 1.78. 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 firm has a fifty day moving average of $177.62 and a 200 day moving average of $174.54. Simon Property Group, Inc. has a one year low of $139.25 and a one year high of $190.14.

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, topping 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%. Analysts expect that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $2.10 per share. The ex-dividend date is Monday, March 10th. This represents a $8.40 annualized dividend and a dividend yield of 5.06%. Simon Property Group's dividend payout ratio (DPR) is presently 115.70%.

Wall Street Analyst Weigh In

SPG has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Simon Property Group in a research note on Tuesday, December 17th. They set a "hold" rating and a $195.00 target price on the stock. Piper Sandler upgraded Simon Property Group from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $175.00 to $205.00 in a research note on Wednesday, February 5th. Scotiabank set a $186.00 target price on Simon Property Group in a research note on Friday, February 28th. StockNews.com cut Simon Property Group from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Mizuho lifted their price objective on Simon Property Group from $158.00 to $182.00 and gave the stock a "neutral" rating in a report on Wednesday, December 4th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Simon Property Group has an average rating of "Hold" and an average price target of $180.33.

Insider Activity

In other news, Director Reuben S. Leibowitz acquired 465 shares of Simon Property Group stock in a transaction dated Monday, December 30th. The shares were purchased at an average cost of $168.59 per share, for a total transaction of $78,394.35. Following the transaction, the director now owns 55,919 shares of the company's stock, valued at $9,427,384.21. This trade represents a 0.84 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 8.50% of the company's stock.

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.