Simon Property Group, Inc. (NYSE:SPG) Stock Holdings Increased by V Square Quantitative Management LLC

V Square Quantitative Management LLC lifted its stake in Simon Property Group, Inc. (NYSE:SPG) by 10.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,319 shares of the real estate investment trust’s stock after purchasing an additional 210 shares during the quarter. V Square Quantitative Management LLC’s holdings in Simon Property Group were worth $399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in shares of Simon Property Group in the third quarter worth approximately $30,000. Wingate Wealth Advisors Inc. acquired a new position in Simon Property Group in the fourth quarter worth approximately $41,000. Synergy Asset Management LLC acquired a new position in Simon Property Group in the fourth quarter worth approximately $41,000. Eastern Bank acquired a new position in Simon Property Group in the third quarter worth approximately $42,000. Finally, Golden State Wealth Management LLC acquired a new position in Simon Property Group in the fourth quarter worth approximately $45,000. 93.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SPG has been the topic of a number of research reports. Jefferies Financial Group upgraded Simon Property Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $179.00 to $198.00 in a report on Thursday, January 2nd. Piper Sandler upgraded Simon Property Group from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $175.00 to $205.00 in a report on Wednesday, February 5th. Mizuho increased their price objective on Simon Property Group from $158.00 to $182.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Finally, Deutsche Bank Aktiengesellschaft initiated 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. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $175.10.

Insider Activity

In other news, Director Reuben S. Leibowitz bought 465 shares of Simon Property Group stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average cost of $168.59 per share, with a total value of $78,394.35. Following the completion of the transaction, 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 accessible through this hyperlink. 8.50% of the stock is owned by company insiders.

Simon Property Group Stock Down 0.6 %

SPG opened at $185.12 on Monday. Simon Property Group, Inc. has a 1-year low of $139.25 and a 1-year high of $188.14. The company has a current ratio of 1.28, a quick ratio of 2.00 and a debt-to-equity ratio of 7.19. The stock has a market capitalization of $60.40 billion, a price-to-earnings ratio of 25.50, a P/E/G ratio of 9.58 and a beta of 1.74. The business has a 50 day moving average of $175.72 and a 200-day moving average of $171.56.

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, beating the consensus estimate of $1.98 by $1.70. Simon Property Group had a return on equity of 74.02% and a net margin of 41.49%. As a group, sell-side analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Announces Dividend

The firm also recently disclosed 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 of this dividend is Monday, March 10th. This represents a $8.40 annualized dividend and a dividend yield of 4.54%. Simon Property Group’s dividend payout ratio is 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.