Simon Property Group, Inc. (NYSE:SPG) Shares Sold by Stephens Inc. AR

Stephens Inc. AR lowered its stake in Simon Property Group, Inc. (NYSE:SPG) by 5.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,181 shares of the real estate investment trust’s stock after selling 172 shares during the period. Stephens Inc. AR’s holdings in Simon Property Group were worth $548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SPG. Creative Planning raised its position in Simon Property Group by 4.9% in the 3rd quarter. Creative Planning now owns 79,678 shares of the real estate investment trust’s stock valued at $13,467,000 after purchasing an additional 3,696 shares in the last quarter. Vontobel Holding Ltd. acquired a new stake in Simon Property Group in the 3rd quarter valued at about $310,000. Bleakley Financial Group LLC raised its position in Simon Property Group by 1.1% in the 3rd quarter. Bleakley Financial Group LLC now owns 6,175 shares of the real estate investment trust’s stock valued at $1,044,000 after purchasing an additional 68 shares in the last quarter. Trust Co. of Vermont raised its position in Simon Property Group by 2.9% in the 3rd quarter. Trust Co. of Vermont now owns 4,080 shares of the real estate investment trust’s stock valued at $690,000 after purchasing an additional 114 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its position in Simon Property Group by 46.1% in the 3rd quarter. V Square Quantitative Management LLC now owns 2,109 shares of the real estate investment trust’s stock valued at $356,000 after purchasing an additional 665 shares in the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Insiders Place Their Bets

In related news, Director Reuben S. Leibowitz acquired 465 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was bought at an average cost of $168.59 per share, with a total value of $78,394.35. Following the transaction, the director now owns 55,919 shares of the company’s stock, valued at $9,427,384.21. The trade was a 0.84 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 8.50% of the stock is owned by insiders.

Simon Property Group Trading Down 0.6 %

NYSE:SPG opened at $185.12 on Friday. The stock’s 50 day moving average price is $175.69 and its 200 day moving average price is $171.22. The company has a market capitalization of $60.40 billion, a PE ratio of 25.50, a P/E/G ratio of 9.58 and a beta of 1.74. 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 52-week low of $139.25 and a 52-week high of $188.14.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $1.70. Simon Property Group had a return on equity of 74.02% and a net margin of 41.49%. On average, research analysts anticipate that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $2.10 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $8.40 dividend on an annualized basis and a yield of 4.54%. Simon Property Group’s payout ratio is 115.70%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Piper Sandler upgraded Simon Property Group from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $175.00 to $205.00 in a report on Wednesday, February 5th. Jefferies Financial Group upgraded Simon Property Group from a “hold” rating to a “buy” rating and increased their price objective for the company from $179.00 to $198.00 in a 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 objective on the stock. Finally, Mizuho increased their price objective on Simon Property Group from $158.00 to $182.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $175.10.

About Simon Property Group

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.