V Square Quantitative Management LLC Buys 210 Shares of Simon Property Group, Inc. (NYSE:SPG)

V Square Quantitative Management LLC raised its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 10.0% in the fourth quarter, Holdings Channel reports. The fund owned 2,319 shares of the real estate investment trust’s stock after acquiring an additional 210 shares during the period. V Square Quantitative Management LLC’s holdings in Simon Property Group were worth $399,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPG. Creative Planning lifted its holdings in shares of Simon Property Group by 4.9% during the third quarter. Creative Planning now owns 79,678 shares of the real estate investment trust’s stock valued at $13,467,000 after acquiring an additional 3,696 shares during the period. Vontobel Holding Ltd. acquired a new stake in shares of Simon Property Group in the third quarter valued at $310,000. Bleakley Financial Group LLC increased its stake in shares of Simon Property Group by 1.1% in the third quarter. Bleakley Financial Group LLC now owns 6,175 shares of the real estate investment trust’s stock valued at $1,044,000 after buying an additional 68 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Simon Property Group by 213.4% in the third quarter. Blue Trust Inc. now owns 4,338 shares of the real estate investment trust’s stock valued at $733,000 after buying an additional 2,954 shares in the last quarter. Finally, Capital Investment Advisors LLC increased its stake in shares of Simon Property Group by 19.2% in the third quarter. Capital Investment Advisors LLC now owns 2,995 shares of the real estate investment trust’s stock valued at $506,000 after buying an additional 483 shares in the last quarter. 93.01% of the stock is owned by institutional investors.

Insider Activity

In other Simon Property Group news, Director Reuben S. Leibowitz acquired 465 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were acquired at an average price of $168.59 per share, for a total transaction of $78,394.35. Following the acquisition, 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.50% of the stock is currently owned by company insiders.

Simon Property Group Price Performance

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

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, topping 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%. On average, equities analysts anticipate that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Announces Dividend

The business 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 dividend of $2.10 per share. 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 payout ratio is currently 115.70%.

Analyst Upgrades and Downgrades

SPG has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft initiated coverage on 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. Mizuho raised their target price on Simon Property Group from $158.00 to $182.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Piper Sandler upgraded 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, Jefferies Financial Group upgraded Simon Property Group from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $179.00 to $198.00 in a research report on Thursday, January 2nd. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $175.10.

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.