Simon Property Group, Inc. (NYSE:SPG) Shares Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. increased its stake in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 21.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,647 shares of the real estate investment trust's stock after purchasing an additional 3,773 shares during the period. Advisors Asset Management Inc.'s holdings in Simon Property Group were worth $3,728,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of SPG. Hopwood Financial Services Inc. purchased a new position in shares of Simon Property Group in the fourth quarter worth $28,000. WR Wealth Planners LLC raised its stake in Simon Property Group by 328.2% in 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 last quarter. New England Capital Financial Advisors LLC purchased a new stake in Simon Property Group during the 4th quarter valued at about $30,000. TCTC Holdings LLC purchased a new stake in Simon Property Group in the fourth quarter valued at approximately $34,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in Simon Property Group in the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 93.01% of the company's stock.

Analysts Set New Price Targets

SPG has been the subject of several research reports. Scotiabank set a $186.00 price objective on shares of Simon Property Group in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft began coverage on shares of Simon Property Group in a report on Tuesday, December 17th. They issued a "hold" rating and a $195.00 price target on the stock. StockNews.com upgraded Simon Property Group from a "hold" rating to a "buy" rating in a research note on Friday. Mizuho upped their target price on Simon Property Group from $158.00 to $182.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 4th. Finally, Piper Sandler upgraded Simon Property Group from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $175.00 to $205.00 in a research report on Wednesday, February 5th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Simon Property Group has a consensus rating of "Moderate Buy" and an average target price of $180.33.

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Simon Property Group Price Performance

Shares of NYSE:SPG traded down $0.21 during midday trading on Tuesday, hitting $165.91. The company had a trading volume of 1,661,756 shares, compared to its average volume of 1,341,945. The business's 50-day simple moving average is $175.98 and its 200-day simple moving average is $174.45. The stock has a market cap of $54.13 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth 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. Simon Property Group, Inc. has a twelve month low of $139.25 and a twelve month high of $190.14.

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, topping the consensus estimate of $1.98 by $1.70. Simon Property Group had a return on equity of 74.02% and a net margin of 41.49%. On average, research analysts predict that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 5.06%. The ex-dividend date of this dividend is Monday, March 10th. Simon Property Group's dividend payout ratio (DPR) is presently 115.70%.

Insider Buying and Selling at Simon Property Group

In related news, Director Reuben S. Leibowitz acquired 465 shares of the firm's 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 acquisition, the director now owns 55,919 shares in the company, valued at $9,427,384.21. The trade was a 0.84 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.50% of the company's stock.

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.