Vert Asset Management LLC Boosts Stock Holdings in Simon Property Group, Inc. (NYSE:SPG)

Vert Asset Management LLC boosted its stake in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,398 shares of the real estate investment trust's stock after buying an additional 3,783 shares during the quarter. Simon Property Group makes up about 7.4% of Vert Asset Management LLC's investment portfolio, making the stock its 4th largest position. Vert Asset Management LLC's holdings in Simon Property Group were worth $21,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of SPG. Capital Performance Advisors LLP bought a new stake in Simon Property Group during the 3rd quarter worth about $30,000. Trivant Custom Portfolio Group LLC bought a new position in Simon Property Group in the 3rd quarter worth approximately $42,000. Eastern Bank acquired a new stake in shares of Simon Property Group during the 3rd quarter worth approximately $42,000. Ashton Thomas Securities LLC bought a new stake in shares of Simon Property Group during the third quarter worth approximately $52,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in Simon Property Group by 107.5% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 413 shares of the real estate investment trust's stock valued at $70,000 after acquiring an additional 214 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Reuben S. Leibowitz acquired 465 shares of the stock in a transaction on Monday, December 30th. The shares were purchased 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 approximately $9,427,384.21. This represents a 0.84 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.50% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Simon Property Group in a research report on Tuesday, December 17th. They set a "hold" rating and a $195.00 target price for the company. Mizuho increased their target price on Simon Property Group from $158.00 to $182.00 and gave the company a "neutral" rating in a research note on Wednesday, December 4th. StockNews.com lowered Simon Property Group from a "buy" rating to a "hold" rating in a research report on Thursday, October 10th. Finally, Jefferies Financial Group raised shares of Simon Property Group from a "hold" rating to a "buy" rating and upped their target price for the company from $179.00 to $198.00 in a research note on Thursday, January 2nd. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Simon Property Group has a consensus rating of "Hold" and a consensus target price of $172.10.

Simon Property Group Stock Down 0.4 %

SPG traded down $0.72 during trading on Tuesday, hitting $175.99. The company had a trading volume of 330,513 shares, compared to its average volume of 1,283,134. The firm's 50-day moving average price is $176.61 and its 200 day moving average price is $169.12. The company has a market capitalization of $57.42 billion, a PE ratio of 23.42, a PEG ratio of 9.26 and a beta of 1.75. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 8.20. Simon Property Group, Inc. has a one year low of $135.15 and a one year high of $186.00.

Simon Property Group (NYSE:SPG - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The real estate investment trust reported $1.46 EPS for the quarter, missing the consensus estimate of $3.00 by ($1.54). The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.32 billion. Simon Property Group had a net margin of 43.36% and a return on equity of 76.21%. The business's revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the company posted $3.20 earnings per share. As a group, equities analysts expect that Simon Property Group, Inc. will post 12.72 earnings per share for the current year.

Simon Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were issued a dividend of $2.10 per share. This is an increase from Simon Property Group's previous quarterly dividend of $2.05. The ex-dividend date was Monday, December 9th. This represents a $8.40 annualized dividend and a yield of 4.77%. Simon Property Group's dividend payout ratio (DPR) is currently 111.85%.

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.