Simon Property Group, Inc. (NYSE:SPG) Stock Holdings Increased by Jones Financial Companies Lllp

Jones Financial Companies Lllp boosted its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 354.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,060 shares of the real estate investment trust’s stock after purchasing an additional 44,491 shares during the period. Jones Financial Companies Lllp’s holdings in Simon Property Group were worth $9,826,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Childress Capital Advisors LLC increased its holdings in shares of Simon Property Group by 3.6% during the 4th quarter. Childress Capital Advisors LLC now owns 1,689 shares of the real estate investment trust’s stock worth $291,000 after purchasing an additional 58 shares during the period. Global X Japan Co. Ltd. grew its position in Simon Property Group by 9.9% during the fourth quarter. Global X Japan Co. Ltd. now owns 655 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 59 shares in the last quarter. Aptus Capital Advisors LLC increased its stake in Simon Property Group by 3.9% during the third quarter. Aptus Capital Advisors LLC now owns 1,615 shares of the real estate investment trust’s stock valued at $273,000 after acquiring an additional 61 shares during the period. Bleakley Financial Group LLC raised its holdings in Simon Property Group by 1.0% in the 4th quarter. Bleakley Financial Group LLC now owns 6,237 shares of the real estate investment trust’s stock valued at $1,074,000 after acquiring an additional 62 shares in the last quarter. Finally, Carnegie Investment Counsel lifted its position in shares of Simon Property Group by 4.3% in the 4th quarter. Carnegie Investment Counsel now owns 1,569 shares of the real estate investment trust’s stock worth $270,000 after acquiring an additional 65 shares during the period. Institutional investors and hedge funds own 93.01% of the company’s stock.

Insider Activity

In related news, Director Reuben S. Leibowitz acquired 465 shares of the firm’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 acquisition, the director now directly 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 this link. 8.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SPG shares. Mizuho boosted their price objective on Simon Property Group from $158.00 to $182.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Jefferies Financial Group raised shares of Simon Property Group from a “hold” rating to a “buy” rating and boosted their price target for the company from $179.00 to $198.00 in a report on Thursday, January 2nd. StockNews.com raised shares of Simon Property Group from a “hold” rating to a “buy” rating in a report on Friday. Piper Sandler upgraded shares of Simon Property Group from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $175.00 to $205.00 in a research report on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Simon Property Group in a research report on Tuesday, December 17th. They issued a “hold” rating and a $195.00 price target for the company. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.44.

Simon Property Group Trading Up 0.8 %

Shares of SPG stock opened at $187.60 on Tuesday. The company has a market capitalization of $61.21 billion, a P/E ratio of 25.84, a P/E/G ratio of 10.10 and a beta of 1.74. Simon Property Group, Inc. has a 12-month low of $139.25 and a 12-month high of $190.14. 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 firm has a 50-day moving average price of $177.63 and a 200 day moving average price of $174.07.

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 (EPS) 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%. Research analysts forecast that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a dividend of $2.10 per share. This represents a $8.40 annualized dividend and a dividend yield of 4.48%. The ex-dividend date of this dividend is Monday, March 10th. Simon Property Group’s payout ratio is presently 115.70%.

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.