Stamos Capital Partners L.P. Has $2.03 Million Holdings in Simon Property Group, Inc. (NYSE:SPG)

Stamos Capital Partners L.P. boosted its stake in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 97.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,780 shares of the real estate investment trust's stock after buying an additional 5,820 shares during the period. Stamos Capital Partners L.P.'s holdings in Simon Property Group were worth $2,029,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SPG. Morse Asset Management Inc bought a new stake in shares of Simon Property Group in the 3rd quarter worth $155,000. EP Wealth Advisors LLC lifted its holdings in Simon Property Group by 28.7% in the 3rd quarter. EP Wealth Advisors LLC now owns 1,851 shares of the real estate investment trust's stock valued at $313,000 after acquiring an additional 413 shares during the last quarter. SkyView Investment Advisors LLC boosted its position in shares of Simon Property Group by 4.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 3,803 shares of the real estate investment trust's stock valued at $643,000 after purchasing an additional 158 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Simon Property Group by 19.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 39,783 shares of the real estate investment trust's stock worth $7,206,000 after purchasing an additional 6,475 shares in the last quarter. Finally, World Investment Advisors LLC boosted its holdings in Simon Property Group by 17.3% during the third quarter. World Investment Advisors LLC now owns 3,534 shares of the real estate investment trust's stock worth $597,000 after buying an additional 521 shares in the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Simon Property Group Stock Performance

Shares of NYSE SPG traded up $2.26 during trading hours on Friday, hitting $150.31. 1,267,314 shares of the stock were exchanged, compared to its average volume of 1,502,107. The firm has a market capitalization of $49.04 billion, a P/E ratio of 20.70, a P/E/G ratio of 10.10 and a beta of 1.45. Simon Property Group, Inc. has a one year low of $136.34 and a one year high of $190.14. The company has a debt-to-equity ratio of 7.19, a current ratio of 1.28 and a quick ratio of 2.00. The company's 50 day moving average is $167.64 and its 200 day moving average is $172.71.

Simon Property Group (NYSE:SPG - Get Free Report) last announced its earnings results on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share for the quarter, beating 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 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 was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were paid a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date was Monday, March 10th. Simon Property Group's dividend payout ratio is 115.70%.

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.