Simon Property Group, Inc. (NYSE:SPG) Position Boosted by Land & Buildings Investment Management LLC

Land & Buildings Investment Management LLC increased its holdings in Simon Property Group, Inc. (NYSE:SPG) by 358.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,376 shares of the real estate investment trust’s stock after buying an additional 105,076 shares during the quarter. Simon Property Group comprises 4.7% of Land & Buildings Investment Management LLC’s portfolio, making the stock its 12th largest holding. Land & Buildings Investment Management LLC’s holdings in Simon Property Group were worth $23,141,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hopwood Financial Services Inc. bought a new position in Simon Property Group in the 4th quarter worth approximately $28,000. WR Wealth Planners LLC grew its holdings in 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 worth $29,000 after buying an additional 128 shares in the last quarter. New England Capital Financial Advisors LLC bought a new position in Simon Property Group in the 4th quarter worth approximately $30,000. Caisse Des Depots ET Consignations acquired a new stake in Simon Property Group in the fourth quarter worth approximately $31,000. Finally, TCTC Holdings LLC acquired a new stake in Simon Property Group in the fourth quarter worth approximately $34,000. 93.01% of the stock is owned by institutional investors.

Simon Property Group Stock Up 0.2%

NYSE SPG opened at $163.26 on Monday. The firm has a market cap of $53.27 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 10.10 and a beta of 1.43. Simon Property Group, Inc. has a one year low of $136.34 and a one year high of $190.14. The stock’s 50 day simple moving average is $158.81 and its 200 day simple moving average is $171.14. The company has a debt-to-equity ratio of 7.19, a current ratio of 1.28 and a quick ratio of 2.00.

Analyst Ratings Changes

SPG has been the subject of a number of research analyst reports. Stifel Nicolaus upgraded Simon Property Group from a “hold” rating to a “buy” rating and set a $168.50 target price for the company in a research report on Wednesday, April 9th. Piper Sandler upgraded Simon Property Group from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $175.00 to $205.00 in a research report on Wednesday, February 5th. Scotiabank cut their target price on Simon Property Group from $186.00 to $159.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 23rd. Finally, StockNews.com downgraded Simon Property Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 29th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $178.39.

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.