Autumn Glory Partners LLC Has $467,000 Stock Position in Simon Property Group, Inc. (NYSE:SPG)

Autumn Glory Partners LLC reduced its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 50.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,710 shares of the real estate investment trust’s stock after selling 2,710 shares during the period. Autumn Glory Partners LLC’s holdings in Simon Property Group were worth $467,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in Simon Property Group during the 3rd quarter worth approximately $30,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Simon Property Group in the fourth quarter valued at approximately $41,000. Synergy Asset Management LLC acquired a new stake in shares of Simon Property Group in the fourth quarter valued at approximately $41,000. Eastern Bank acquired a new stake in shares of Simon Property Group in the third quarter valued at approximately $42,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Simon Property Group in the fourth quarter valued at approximately $45,000. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on SPG. Deutsche Bank Aktiengesellschaft began coverage on shares of Simon Property Group in a research note on Tuesday, December 17th. They issued a “hold” rating and a $195.00 target price for the company. Jefferies Financial Group raised shares of Simon Property Group from a “hold” rating to a “buy” rating and raised their target price for the company from $179.00 to $198.00 in a research note on Thursday, January 2nd. Piper Sandler raised shares of Simon Property Group from a “neutral” rating to an “overweight” rating and raised their target price for the company from $175.00 to $205.00 in a research note on Wednesday, February 5th. Finally, Mizuho raised their target price on shares of Simon Property Group from $158.00 to $182.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Simon Property Group presently has an average rating of “Hold” and a consensus target price of $175.10.

Insider Activity

In related news, Director Reuben S. Leibowitz purchased 465 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was acquired 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 directly owns 55,919 shares in the company, valued at $9,427,384.21. This trade represents a 0.84 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.50% of the stock is currently owned by company insiders.

Simon Property Group Trading Down 0.6 %

Shares of Simon Property Group stock opened at $185.12 on Friday. The firm has a 50-day moving average of $175.69 and a 200-day moving average of $171.22. The stock has a market cap of $60.40 billion, a PE ratio of 25.50, a PEG ratio of 9.58 and a beta of 1.74. Simon Property Group, Inc. has a 52-week low of $139.25 and a 52-week high of $188.14. The company has a debt-to-equity ratio of 7.19, a quick ratio of 2.00 and a current ratio of 1.28.

Simon Property Group (NYSE:SPG) last announced 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%. As a group, sell-side analysts forecast that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Dividend Announcement

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 given a $2.10 dividend. The ex-dividend date is Monday, March 10th. This represents a $8.40 dividend on an annualized basis and a dividend yield of 4.54%. Simon Property Group’s payout ratio is presently 115.70%.

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.