Waterloo Capital L.P. Has $3.79 Million Stock Position in Simon Property Group, Inc. (NYSE:SPG)

Waterloo Capital L.P. increased its stake in Simon Property Group, Inc. (NYSE:SPG) by 0.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 21,989 shares of the real estate investment trust’s stock after purchasing an additional 101 shares during the quarter. Waterloo Capital L.P.’s holdings in Simon Property Group were worth $3,787,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hopwood Financial Services Inc. acquired a new stake in Simon Property Group in the fourth quarter valued at $28,000. WR Wealth Planners LLC raised its holdings in shares of Simon Property Group by 328.2% in the 4th quarter. WR Wealth Planners LLC now owns 167 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 128 shares during the period. New England Capital Financial Advisors LLC acquired a new stake in Simon Property Group in the 4th quarter valued at about $30,000. Caisse Des Depots ET Consignations bought a new position in Simon Property Group during the fourth quarter worth about $31,000. Finally, TCTC Holdings LLC acquired a new position in Simon Property Group during the fourth quarter worth approximately $34,000. 93.01% of the stock is owned by institutional investors.

Simon Property Group Price Performance

Shares of Simon Property Group stock opened at $146.15 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. The stock has a market capitalization of $47.68 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 10.10 and a beta of 1.45. Simon Property Group, Inc. has a twelve month low of $139.25 and a twelve month high of $190.14. The company has a 50-day simple moving average of $174.03 and a two-hundred day simple moving average of $174.33.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $1.70. Simon Property Group had a net margin of 41.49% and a return on equity of 74.02%. Analysts forecast 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 was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were issued a dividend of $2.10 per share. This represents a $8.40 annualized dividend and a dividend yield of 5.75%. The ex-dividend date was Monday, March 10th. Simon Property Group’s dividend payout ratio (DPR) is currently 115.70%.

Analyst Ratings Changes

SPG has been the subject of a number of recent analyst reports. StockNews.com cut Simon Property Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 29th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Simon Property Group in a research report on Tuesday, December 17th. They set a “hold” rating and a $195.00 price objective for the company. Piper Sandler raised shares of 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 research report on Wednesday, February 5th. Jefferies Financial Group raised shares of Simon Property Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from $179.00 to $198.00 in a report on Thursday, January 2nd. Finally, Scotiabank set a $186.00 price target on shares of Simon Property Group in a report on Friday, February 28th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $180.33.

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.