United Capital Financial Advisors LLC Sells 1,919 Shares of Simon Property Group, Inc. (NYSE:SPG)

United Capital Financial Advisors LLC decreased its holdings in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 12.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,400 shares of the real estate investment trust's stock after selling 1,919 shares during the period. United Capital Financial Advisors LLC's holdings in Simon Property Group were worth $2,308,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bridgewater Associates LP bought a new stake in Simon Property Group in the fourth quarter valued at approximately $203,000. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in Simon Property Group during the 4th quarter valued at $2,625,000. Canada Post Corp Registered Pension Plan purchased a new stake in Simon Property Group during the 4th quarter valued at $5,103,000. XTX Topco Ltd bought a new stake in Simon Property Group in the 4th quarter worth $539,000. Finally, CreativeOne Wealth LLC increased its position in shares of Simon Property Group by 33.1% in the fourth quarter. CreativeOne Wealth LLC now owns 10,057 shares of the real estate investment trust's stock valued at $1,732,000 after acquiring an additional 2,502 shares during the period. Institutional investors own 93.01% of the company's stock.

Simon Property Group Stock Up 1.8 %

Shares of Simon Property Group stock traded up $2.76 on Wednesday, reaching $153.47. The company's stock had a trading volume of 781,851 shares, compared to its average volume of 1,505,498. The company has a market capitalization of $50.07 billion, a price-to-earnings ratio of 21.14, a P/E/G ratio of 10.10 and a beta of 1.45. The company has a quick ratio of 2.00, a current ratio of 1.28 and a debt-to-equity ratio of 7.19. Simon Property Group, Inc. has a 52 week low of $136.34 and a 52 week high of $190.14. The firm's fifty day simple moving average is $165.52 and its two-hundred day simple moving average is $172.32.

Simon Property Group (NYSE:SPG - Get Free Report) last posted its earnings results on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $1.70. Simon Property Group had a net margin of 41.49% and a return on equity of 74.02%. Equities analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were paid a $2.10 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $8.40 dividend on an annualized basis and a dividend yield of 5.47%. Simon Property Group's dividend payout ratio (DPR) is currently 115.70%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SPG. Scotiabank cut their target price on Simon Property Group from $186.00 to $159.00 and set a "sector perform" rating on the stock in a research note on Wednesday. Stifel Nicolaus upgraded Simon Property Group from a "hold" rating to a "buy" rating and set a $168.50 target price for the company in a report on Wednesday, April 9th. Jefferies Financial Group raised shares of Simon Property Group from a "hold" rating to a "buy" rating and boosted their price objective for the company from $179.00 to $198.00 in a research report on Thursday, January 2nd. Piper Sandler raised shares of Simon Property Group from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $175.00 to $205.00 in a research note on Wednesday, February 5th. Finally, StockNews.com cut Simon Property Group from a "buy" rating to a "hold" rating in a research note on Saturday, March 29th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $178.39.

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.