Xponance Inc. Boosts Stock Holdings in Simon Property Group, Inc. (NYSE:SPG)

Xponance Inc. boosted its holdings in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,591 shares of the real estate investment trust's stock after buying an additional 2,515 shares during the quarter. Xponance Inc.'s holdings in Simon Property Group were worth $12,501,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Childress Capital Advisors LLC grew its position in shares of Simon Property Group by 3.6% in the fourth quarter. Childress Capital Advisors LLC now owns 1,689 shares of the real estate investment trust's stock valued at $291,000 after purchasing an additional 58 shares during the last quarter. Global X Japan Co. Ltd. grew its position in shares of Simon Property Group by 9.9% in the fourth quarter. Global X Japan Co. Ltd. now owns 655 shares of the real estate investment trust's stock valued at $113,000 after purchasing an additional 59 shares during the last quarter. Bleakley Financial Group LLC grew its position in Simon Property Group by 1.0% during the fourth quarter. Bleakley Financial Group LLC now owns 6,237 shares of the real estate investment trust's stock worth $1,074,000 after buying an additional 62 shares in the last quarter. Carnegie Investment Counsel grew its position in Simon Property Group by 4.3% during the fourth quarter. Carnegie Investment Counsel now owns 1,569 shares of the real estate investment trust's stock worth $270,000 after buying an additional 65 shares in the last quarter. Finally, UMB Bank n.a. grew its position in Simon Property Group by 2.8% during the fourth quarter. UMB Bank n.a. now owns 2,391 shares of the real estate investment trust's stock worth $412,000 after buying an additional 66 shares in the last quarter. Institutional investors and hedge funds own 93.01% of the company's stock.

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Insider Activity at Simon Property Group

In other news, Director Reuben S. Leibowitz bought 465 shares of the company's stock in a transaction on Monday, December 30th. The shares were purchased at an average price of $168.59 per share, with a total value of $78,394.35. Following the transaction, the director now directly owns 55,919 shares in the company, valued at $9,427,384.21. This represents a 0.84 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.60% of the stock is owned by insiders.

Simon Property Group Stock Down 1.4 %

Shares of SPG traded down $2.33 during trading hours on Friday, hitting $162.12. The stock had a trading volume of 3,094,006 shares, compared to its average volume of 1,342,277. 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 firm has a 50 day simple moving average of $176.11 and a 200-day simple moving average of $174.37. The firm has a market capitalization of $52.90 billion, a P/E ratio of 22.33, a price-to-earnings-growth ratio of 10.10 and a beta of 1.78. Simon Property Group, Inc. has a 1-year low of $139.25 and a 1-year high of $190.14.

Simon Property Group (NYSE:SPG - Get Free Report) last announced its quarterly 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 net margin of 41.49% and a return on equity of 74.02%. Sell-side analysts predict that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a $2.10 dividend. The ex-dividend date is Monday, March 10th. This represents a $8.40 annualized dividend and a yield of 5.18%. Simon Property Group's payout ratio is 115.70%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Scotiabank set a $186.00 target price on Simon Property Group in a research note on Friday, February 28th. StockNews.com upgraded Simon Property Group from a "hold" rating to a "buy" rating in a research note on Friday. Jefferies Financial Group upgraded Simon Property Group from a "hold" rating to a "buy" rating and increased their price target for the company from $179.00 to $198.00 in a research note on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on Simon Property Group in a research note on Tuesday, December 17th. They issued a "hold" rating and a $195.00 price target for the company. Finally, Mizuho increased their price target 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. Five research analysts have rated the stock with a hold rating and five have assigned 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 $180.33.

Simon Property Group Company 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.