International Assets Investment Management LLC Has $478,000 Position in Simon Property Group, Inc. (NYSE:SPG)

International Assets Investment Management LLC reduced its stake in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 99.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,752 shares of the real estate investment trust's stock after selling 889,333 shares during the quarter. International Assets Investment Management LLC's holdings in Simon Property Group were worth $478,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SPG. Capital Performance Advisors LLP acquired a new position in shares of Simon Property Group in the 3rd quarter valued at $30,000. Trivant Custom Portfolio Group LLC acquired a new stake in shares of Simon Property Group during the 3rd quarter worth about $42,000. Eastern Bank acquired a new stake in shares of Simon Property Group during the 3rd quarter worth about $42,000. Ashton Thomas Securities LLC acquired a new stake in shares of Simon Property Group during the 3rd quarter worth about $52,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Simon Property Group by 107.5% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 413 shares of the real estate investment trust's stock worth $70,000 after purchasing an additional 214 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SPG. Mizuho increased their target price on shares of Simon Property Group from $158.00 to $182.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 4th. StockNews.com lowered shares of Simon Property Group from a "buy" rating to a "hold" rating in a report on Thursday, October 10th. 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 objective on the stock. Jefferies Financial Group raised shares of Simon Property Group from a "hold" rating to a "buy" rating and increased their price objective for the stock from $179.00 to $198.00 in a report on Thursday, January 2nd. Finally, Evercore ISI raised shares of Simon Property Group from an "in-line" rating to an "outperform" rating and raised their target price for the company from $160.00 to $172.00 in a research note on Monday, September 16th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Simon Property Group presently has a consensus rating of "Hold" and an average target price of $172.10.

Insider Transactions at Simon Property Group

In other Simon Property Group news, Director Reuben S. Leibowitz acquired 465 shares of the business's stock in a transaction dated Monday, December 30th. The shares were acquired at an average price of $168.59 per share, with a total value of $78,394.35. Following the completion of the transaction, the director now directly owns 55,919 shares in the company, valued at $9,427,384.21. This trade represents a 0.84 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 8.50% of the stock is currently owned by insiders.

Simon Property Group Trading Down 2.1 %

Shares of NYSE:SPG traded down $3.68 during mid-day trading on Friday, reaching $171.01. The stock had a trading volume of 2,010,274 shares, compared to its average volume of 1,617,621. The firm has a market cap of $55.80 billion, a PE ratio of 22.77, a price-to-earnings-growth ratio of 10.50 and a beta of 1.75. The firm has a 50 day simple moving average of $177.38 and a two-hundred day simple moving average of $166.98. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 8.20. Simon Property Group, Inc. has a twelve month low of $135.15 and a twelve month high of $186.00.

Simon Property Group (NYSE:SPG - Get Free Report) last announced its quarterly earnings results on Friday, November 1st. The real estate investment trust reported $1.46 earnings per share for the quarter, missing analysts' consensus estimates of $3.00 by ($1.54). Simon Property Group had a net margin of 43.36% and a return on equity of 76.21%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the firm posted $3.20 EPS. The business's quarterly revenue was up 4.9% compared to the same quarter last year. On average, research analysts predict that Simon Property Group, Inc. will post 12.76 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were given a $2.10 dividend. This represents a $8.40 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date was Monday, December 9th. This is a positive change from Simon Property Group's previous quarterly dividend of $2.05. Simon Property Group's payout ratio is currently 111.85%.

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.