U S Wealth Group LLC. Makes New $2.47 Million Investment in Simon Property Group, Inc. (NYSE:SPG)

U S Wealth Group LLC. acquired a new position in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,329 shares of the real estate investment trust's stock, valued at approximately $2,468,000. Simon Property Group comprises approximately 1.9% of U S Wealth Group LLC.'s holdings, making the stock its 19th largest position.

Other large investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in Simon Property Group during the third quarter worth $834,000. First Hawaiian Bank boosted its holdings in Simon Property Group by 35.0% during the 4th quarter. First Hawaiian Bank now owns 5,294 shares of the real estate investment trust's stock worth $912,000 after acquiring an additional 1,372 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Simon Property Group by 72.8% in the 4th quarter. Versant Capital Management Inc now owns 999 shares of the real estate investment trust's stock worth $172,000 after acquiring an additional 421 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Simon Property Group by 0.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 587,933 shares of the real estate investment trust's stock valued at $101,130,000 after purchasing an additional 3,990 shares during the last quarter. Finally, Merit Financial Group LLC bought a new position in shares of Simon Property Group during the fourth quarter valued at about $416,000. 93.01% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

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

Simon Property Group Stock Performance

SPG stock traded up $0.29 during midday trading on Friday, reaching $147.98. 1,712,797 shares of the company's stock traded hands, compared to its average volume of 1,499,610. The firm has a market capitalization of $48.28 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 10.10 and a beta of 1.45. The company has a 50-day moving average price of $170.08 and a two-hundred day moving average price of $173.25. Simon Property Group, Inc. has a 52 week low of $136.34 and a 52 week high of $190.14. The company has a debt-to-equity ratio of 7.19, a quick ratio of 2.00 and a current ratio of 1.28.

Simon Property Group (NYSE:SPG - Get Free Report) last issued its earnings results on Tuesday, February 4th. The real estate investment trust reported $3.68 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%. As a group, equities analysts anticipate that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were issued a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date of this dividend was Monday, March 10th. Simon Property Group's dividend payout ratio (DPR) is presently 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.