Simon Property Group, Inc. (NYSE:SPG) Shares Purchased by CreativeOne Wealth LLC

CreativeOne Wealth LLC raised its position in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 33.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,057 shares of the real estate investment trust's stock after acquiring an additional 2,502 shares during the quarter. CreativeOne Wealth LLC's holdings in Simon Property Group were worth $1,732,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Hopwood Financial Services Inc. acquired a new stake in Simon Property Group in the fourth quarter valued at $28,000. WR Wealth Planners LLC lifted 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 period. New England Capital Financial Advisors LLC purchased a new position in Simon Property Group in the 4th quarter valued at $30,000. Caisse Des Depots ET Consignations purchased a new position in Simon Property Group during the fourth quarter worth about $31,000. Finally, TCTC Holdings LLC purchased a new position in shares of Simon Property Group during the 4th quarter worth approximately $34,000. 93.01% of the stock is owned by hedge funds and other institutional investors.

Simon Property Group Stock Up 1.5 %

NYSE SPG traded up $2.26 during mid-day trading on Friday, reaching $150.31. 1,267,314 shares of the company's stock traded hands, compared to its average volume of 1,503,931. The company has a fifty day simple moving average of $166.96 and a 200-day simple moving average of $172.57. Simon Property Group, Inc. has a 1-year low of $136.34 and a 1-year high of $190.14. The company has a market cap of $49.04 billion, a price-to-earnings ratio of 20.70, a P/E/G ratio of 10.10 and a beta of 1.45. The company has a current ratio of 1.28, a quick ratio of 2.00 and a debt-to-equity ratio of 7.19.

Simon Property Group (NYSE:SPG - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $3.68 EPS for the quarter, topping 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%. As a group, equities research analysts expect 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 was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were given a $2.10 dividend. This represents a $8.40 annualized dividend and a yield of 5.59%. The ex-dividend date of this dividend was Monday, March 10th. Simon Property Group's dividend payout ratio is presently 115.70%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. StockNews.com lowered shares of Simon Property Group from a "buy" rating to a "hold" rating in a research report on Saturday, March 29th. Stifel Nicolaus upgraded Simon Property Group from a "hold" rating to a "buy" rating and set a $168.50 target price on the stock in a research report on Wednesday, April 9th. Scotiabank set a $186.00 price objective on shares of Simon Property Group in a research note on Friday, February 28th. Jefferies Financial Group upgraded Simon Property Group from a "hold" rating to a "buy" rating and upped their price target for the stock from $179.00 to $198.00 in a research note on Thursday, January 2nd. Finally, Piper Sandler raised Simon Property Group from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $175.00 to $205.00 in a research note on Wednesday, February 5th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Simon Property Group has an average rating of "Moderate Buy" and a consensus price target of $181.39.

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.