Whittier Trust Co. Purchases 2,385 Shares of Simon Property Group, Inc. (NYSE:SPG)

Whittier Trust Co. grew its stake in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 3.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,200 shares of the real estate investment trust's stock after buying an additional 2,385 shares during the period. Whittier Trust Co.'s holdings in Simon Property Group were worth $13,294,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Hopwood Financial Services Inc. acquired a new stake in Simon Property Group in the 4th quarter worth approximately $28,000. WR Wealth Planners LLC raised its position 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 purchasing an additional 128 shares during the period. New England Capital Financial Advisors LLC acquired a new stake in shares of Simon Property Group in the fourth quarter worth $30,000. TCTC Holdings LLC bought a new stake in shares of Simon Property Group during the 4th quarter worth $34,000. Finally, Synergy Asset Management LLC acquired a new position in Simon Property Group in the 4th quarter valued at $41,000. Institutional investors own 93.01% of the company's stock.

Simon Property Group Stock Performance

Shares of NYSE SPG traded up $4.26 during trading hours on Monday, reaching $166.36. The stock had a trading volume of 1,300,519 shares, compared to its average volume of 1,342,110. The company has a market cap of $54.28 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 10.10 and a beta of 1.78. Simon Property Group, Inc. has a twelve month low of $139.25 and a twelve month high of $190.14. The business's fifty day moving average is $175.98 and its two-hundred day moving average is $174.45. The company has a debt-to-equity ratio of 7.19, a current ratio of 1.28 and a quick ratio of 2.00.

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Simon Property Group (NYSE:SPG - Get Free Report) last announced its quarterly earnings data 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%. As a group, research analysts expect that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date is Monday, March 10th. Simon Property Group's dividend payout ratio is 115.70%.

Insider Buying and Selling at Simon Property Group

In related news, Director Reuben S. Leibowitz bought 465 shares of the business's stock in a transaction that occurred on Monday, December 30th. The stock was acquired at an average price of $168.59 per share, for a total transaction of $78,394.35. Following the transaction, the director now directly owns 55,919 shares of the company's stock, valued at $9,427,384.21. This 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. Company insiders own 8.50% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Scotiabank set a $186.00 target price on shares of Simon Property Group in a research report on Friday, February 28th. Mizuho boosted their price objective on 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 raised Simon Property Group from a "hold" rating to a "buy" rating in a report on Friday. Deutsche Bank Aktiengesellschaft started coverage on Simon Property Group in a report on Tuesday, December 17th. They set a "hold" rating and a $195.00 price target for the company. Finally, Jefferies Financial Group upgraded shares of Simon Property Group from a "hold" rating to a "buy" rating and raised their price objective for the stock from $179.00 to $198.00 in a research note on Thursday, January 2nd. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $180.33.

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.