CWA Asset Management Group LLC Has $374,000 Stock Position in Simon Property Group, Inc. (NYSE:SPG)

CWA Asset Management Group LLC lessened its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 75.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,171 shares of the real estate investment trust’s stock after selling 6,721 shares during the quarter. CWA Asset Management Group LLC’s holdings in Simon Property Group were worth $374,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wetzel Investment Advisors Inc. acquired a new position in shares of Simon Property Group during the 2nd quarter worth approximately $27,000. Capital Performance Advisors LLP bought a new position in Simon Property Group during the third quarter worth $30,000. Trivant Custom Portfolio Group LLC acquired a new position in shares of Simon Property Group in the third quarter valued at $42,000. Eastern Bank bought a new position in shares of Simon Property Group in the third quarter valued at about $42,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Simon Property Group during the 3rd quarter worth about $52,000. Institutional investors own 93.01% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. StockNews.com lowered shares of Simon Property Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. Mizuho increased their target price on Simon Property Group from $158.00 to $182.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Evercore ISI upgraded Simon Property Group from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $160.00 to $172.00 in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft began coverage on Simon Property Group in a research report on Tuesday, December 17th. They set a “hold” rating and a $195.00 price objective on the stock. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $159.00 target price (up previously from $157.50) on shares of Simon Property Group in a research report on Thursday, September 12th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $172.10.

Insider Activity at Simon Property Group

In other Simon Property Group news, Director Reuben S. Leibowitz bought 465 shares of the stock in a transaction on Monday, December 30th. The stock was purchased at an average price of $168.59 per share, with a total value of $78,394.35. Following the completion of the purchase, the director now owns 55,919 shares in the company, valued at $9,427,384.21. The trade was a 0.84 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 8.50% of the stock is currently owned by insiders.

Simon Property Group Trading Up 0.4 %

Shares of Simon Property Group stock opened at $174.78 on Thursday. The firm’s 50-day moving average price is $177.20 and its two-hundred day moving average price is $166.65. The company has a market capitalization of $57.03 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 10.50 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 12-month low of $135.15 and a 12-month high of $186.00.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Friday, November 1st. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.00 by ($1.54). Simon Property Group had a net margin of 43.36% and a return on equity of 76.21%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the business earned $3.20 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. On average, analysts forecast that Simon Property Group, Inc. will post 12.76 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were given a dividend of $2.10 per share. This is an increase from Simon Property Group’s previous quarterly dividend of $2.05. This represents a $8.40 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend was Monday, December 9th. Simon Property Group’s dividend payout ratio 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.