Kintegral Advisory LLC Reduces Stock Position in Simon Property Group, Inc. (NYSE:SPG)

Kintegral Advisory LLC decreased its position in Simon Property Group, Inc. (NYSE:SPG) by 4.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,258 shares of the real estate investment trust’s stock after selling 337 shares during the quarter. Kintegral Advisory LLC’s holdings in Simon Property Group were worth $1,250,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPG. Capital Performance Advisors LLP purchased a new position in shares of Simon Property Group during the third quarter valued at approximately $30,000. Wingate Wealth Advisors Inc. purchased a new stake in Simon Property Group in the 4th quarter worth approximately $41,000. Synergy Asset Management LLC acquired a new position in Simon Property Group in the 4th quarter valued at $41,000. Eastern Bank purchased a new position in shares of Simon Property Group during the 3rd quarter worth $42,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Simon Property Group during the fourth quarter worth $45,000. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SPG shares. Jefferies Financial Group raised Simon Property Group from a “hold” rating to a “buy” rating and lifted their price objective for the company from $179.00 to $198.00 in a research report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on Simon Property Group in a report on Tuesday, December 17th. They issued a “hold” rating and a $195.00 price target for the company. Mizuho increased their price objective on shares of Simon Property Group from $158.00 to $182.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Finally, Piper Sandler raised shares of Simon Property Group from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $175.00 to $205.00 in a research report on Wednesday, February 5th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $175.10.

Simon Property Group Trading Down 1.5 %

Shares of SPG stock opened at $183.86 on Friday. The company has a quick ratio of 2.00, a current ratio of 1.28 and a debt-to-equity ratio of 7.19. Simon Property Group, Inc. has a fifty-two week low of $139.25 and a fifty-two week high of $188.13. The firm’s 50 day moving average price is $176.37 and its two-hundred day moving average price is $172.72. The stock has a market cap of $59.99 billion, a price-to-earnings ratio of 25.32, a price-to-earnings-growth ratio of 10.10 and a beta of 1.74.

Simon Property Group (NYSE:SPG) last posted 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 net margin of 41.49% and a return on equity of 74.02%. On average, analysts anticipate that Simon Property Group, Inc. will post 12.54 EPS 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. Stockholders of record on Monday, March 10th will be paid a $2.10 dividend. The ex-dividend date is Monday, March 10th. This represents a $8.40 dividend on an annualized basis and a dividend yield of 4.57%. Simon Property Group’s dividend payout ratio (DPR) is currently 115.70%.

Insider Activity at Simon Property Group

In other news, Director Reuben S. Leibowitz bought 465 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was acquired at an average cost of $168.59 per share, for a total transaction of $78,394.35. Following the completion of the purchase, the director now owns 55,919 shares of the company’s stock, valued at $9,427,384.21. This trade 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 can be accessed through this hyperlink. 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.