Ieq Capital LLC Has $3.15 Million Holdings in Simon Property Group, Inc. (NYSE:SPG)

Ieq Capital LLC grew its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 10.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,313 shares of the real estate investment trust’s stock after acquiring an additional 1,729 shares during the period. Ieq Capital LLC’s holdings in Simon Property Group were worth $3,154,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Private Advisor Group LLC raised its position in shares of Simon Property Group by 6.5% in the fourth quarter. Private Advisor Group LLC now owns 32,092 shares of the real estate investment trust’s stock valued at $5,527,000 after buying an additional 1,959 shares in the last quarter. Financial Management Network Inc. increased its stake in Simon Property Group by 0.4% during the 4th quarter. Financial Management Network Inc. now owns 15,147 shares of the real estate investment trust’s stock worth $2,667,000 after acquiring an additional 67 shares during the period. Convergence Investment Partners LLC raised its holdings in Simon Property Group by 5.2% in the 4th quarter. Convergence Investment Partners LLC now owns 12,369 shares of the real estate investment trust’s stock valued at $2,130,000 after acquiring an additional 610 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its position in shares of Simon Property Group by 21.1% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 10,990 shares of the real estate investment trust’s stock valued at $1,893,000 after acquiring an additional 1,916 shares during the period. Finally, Venturi Wealth Management LLC grew its holdings in shares of Simon Property Group by 19.9% during the 4th quarter. Venturi Wealth Management LLC now owns 746 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 124 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Simon Property Group

In other Simon Property Group news, Director Reuben S. Leibowitz bought 465 shares of Simon Property Group stock in a transaction on Monday, December 30th. The shares were purchased at an average cost of $168.59 per share, with a total value of $78,394.35. Following the acquisition, the director now directly owns 55,919 shares of the company’s stock, valued at $9,427,384.21. The trade was a 0.84 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.50% of the stock is currently owned by insiders.

Simon Property Group Trading Down 1.5 %

Shares of Simon Property Group stock opened at $183.86 on Friday. The firm has a market capitalization of $59.99 billion, a PE ratio of 25.32, a price-to-earnings-growth ratio of 10.10 and a beta of 1.74. 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 firm’s 50 day moving average is $176.37 and its 200 day moving average is $172.72. Simon Property Group, Inc. has a 1 year low of $139.25 and a 1 year high of $188.13.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $1.70. Simon Property Group had a net margin of 41.49% and a return on equity of 74.02%. Equities research analysts forecast that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a dividend of $2.10 per share. This represents a $8.40 annualized dividend and a dividend yield of 4.57%. The ex-dividend date is Monday, March 10th. Simon Property Group’s dividend payout ratio (DPR) is presently 115.70%.

Analyst Ratings Changes

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