Waterloo Capital L.P. Has $3.79 Million Stock Holdings in Simon Property Group, Inc. (NYSE:SPG)

Waterloo Capital L.P. increased its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,989 shares of the real estate investment trust’s stock after buying an additional 101 shares during the period. Waterloo Capital L.P.’s holdings in Simon Property Group were worth $3,787,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SPG. Russell Investments Group Ltd. lifted its position in Simon Property Group by 4.5% during the 4th quarter. Russell Investments Group Ltd. now owns 1,493,987 shares of the real estate investment trust’s stock valued at $257,241,000 after purchasing an additional 64,802 shares during the period. Aviva PLC raised its stake in shares of Simon Property Group by 9.7% during the fourth quarter. Aviva PLC now owns 27,538 shares of the real estate investment trust’s stock worth $4,742,000 after buying an additional 2,428 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new position in Simon Property Group in the fourth quarter valued at approximately $30,293,000. Yoffe Investment Management LLC bought a new position in Simon Property Group in the fourth quarter valued at approximately $583,000. Finally, Pitcairn Co. grew its holdings in Simon Property Group by 0.6% during the 4th quarter. Pitcairn Co. now owns 9,895 shares of the real estate investment trust’s stock worth $1,704,000 after acquiring an additional 55 shares during the period. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Trading Down 4.6 %

Shares of NYSE:SPG opened at $146.15 on Friday. The firm has a market cap of $47.68 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 10.10 and a beta of 1.45. The company has a quick ratio of 2.00, a current ratio of 1.28 and a debt-to-equity ratio of 7.19. Simon Property Group, Inc. has a 12 month low of $139.25 and a 12 month high of $190.14. The company’s fifty day simple moving average is $174.03 and its 200 day simple moving average is $174.33.

Simon Property Group (NYSE:SPG) last released 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 return on equity of 74.02% and a net margin of 41.49%. As a group, research analysts forecast that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were given a $2.10 dividend. This represents a $8.40 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date was Monday, March 10th. Simon Property Group’s dividend payout ratio (DPR) is currently 115.70%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Scotiabank set a $186.00 price target on Simon Property Group in a research report on Friday, February 28th. Piper Sandler upgraded Simon Property Group from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $175.00 to $205.00 in a research report on Wednesday, February 5th. StockNews.com downgraded shares of Simon Property Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 29th. Deutsche Bank Aktiengesellschaft began coverage on shares of Simon Property Group in a report on Tuesday, December 17th. They set a “hold” rating and a $195.00 price objective for the company. Finally, Jefferies Financial Group upgraded shares of Simon Property Group from a “hold” rating to a “buy” rating and increased their target price for the stock from $179.00 to $198.00 in a report on Thursday, January 2nd. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Simon Property Group has a consensus rating of “Hold” and an average target price of $180.33.

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.