Certuity LLC Has $207,000 Stock Holdings in Simon Property Group, Inc. (NYSE:SPG)

Certuity LLC lowered its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 55.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,204 shares of the real estate investment trust’s stock after selling 1,517 shares during the period. Certuity LLC’s holdings in Simon Property Group were worth $207,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SPG. Capital Performance Advisors LLP purchased a new stake in shares of Simon Property Group during the third quarter worth $30,000. Synergy Asset Management LLC purchased a new position in Simon Property Group in the fourth quarter valued at about $41,000. Wingate Wealth Advisors Inc. acquired a new position in Simon Property Group in the 4th quarter worth about $41,000. Eastern Bank purchased a new stake in shares of Simon Property Group during the 3rd quarter worth about $42,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Simon Property Group during the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 93.01% of the company’s stock.

Simon Property Group Stock Up 1.3 %

SPG stock opened at $186.24 on Friday. The stock has a market capitalization of $60.76 billion, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 9.58 and a beta of 1.74. The company has a 50-day moving average of $175.60 and a two-hundred day moving average of $171.12. Simon Property Group, Inc. has a 52-week low of $139.25 and a 52-week high of $187.10. The company has a debt-to-equity ratio of 7.19, a current ratio of 1.28 and a quick ratio of 2.00.

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 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, equities research analysts anticipate 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 will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date is Monday, March 10th. Simon Property Group’s dividend payout ratio (DPR) is currently 115.70%.

Insider Buying and Selling

In related news, Director Reuben S. Leibowitz purchased 465 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were bought at an average cost of $168.59 per share, for a total transaction of $78,394.35. Following the transaction, the director now directly owns 55,919 shares of the company’s stock, valued at approximately $9,427,384.21. This trade represents a 0.84 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 8.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SPG shares. 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. Jefferies Financial Group upgraded shares of Simon Property Group from a “hold” rating to a “buy” rating and increased their price target for the stock from $179.00 to $198.00 in a research note on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft started coverage on shares of Simon Property Group in a research note on Tuesday, December 17th. They issued a “hold” rating and a $195.00 price objective for the company. Finally, Piper Sandler raised shares of Simon Property Group from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $175.00 to $205.00 in a research report on Wednesday, February 5th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $175.10.

About Simon Property Group

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.