Greenleaf Trust Raises Position in Simon Property Group, Inc. (NYSE:SPG)

Greenleaf Trust raised its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,939 shares of the real estate investment trust’s stock after acquiring an additional 203 shares during the quarter. Greenleaf Trust’s holdings in Simon Property Group were worth $1,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Capital Performance Advisors LLP purchased a new position in shares of Simon Property Group during the 3rd quarter valued at $30,000. Synergy Asset Management LLC purchased a new position in shares of Simon Property Group during the 4th quarter valued at $41,000. Eastern Bank purchased a new position in shares of Simon Property Group during the 3rd quarter valued at $42,000. Ashton Thomas Securities LLC purchased a new position in shares of Simon Property Group during the 3rd quarter valued at $52,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Simon Property Group by 107.5% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 413 shares of the real estate investment trust’s stock valued at $70,000 after buying an additional 214 shares in the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on SPG shares. Jefferies Financial Group upgraded shares of Simon Property Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $179.00 to $198.00 in a research note on Thursday, January 2nd. Mizuho boosted their price target on shares of Simon Property Group from $158.00 to $182.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft assumed 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 target on the stock. Finally, StockNews.com cut shares of Simon Property Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $172.10.

Insider Activity at Simon Property Group

In other news, Director Reuben S. Leibowitz purchased 465 shares of the business’s stock in a transaction that occurred 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 acquisition, the director now 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.60% of the stock is currently owned by insiders.

Simon Property Group Stock Performance

Simon Property Group stock opened at $173.75 on Monday. The company’s 50-day moving average price is $176.08 and its 200-day moving average price is $169.67. Simon Property Group, Inc. has a twelve month low of $135.15 and a twelve month high of $186.00. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 8.20. The company has a market cap of $56.69 billion, a PE ratio of 23.14, a price-to-earnings-growth ratio of 9.31 and a beta of 1.74.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Friday, November 1st. The real estate investment trust reported $1.46 EPS for the quarter, missing the consensus estimate of $3.00 by ($1.54). The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.32 billion. Simon Property Group had a net margin of 43.36% and a return on equity of 76.21%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.20 earnings per share. On average, equities research analysts forecast that Simon Property Group, Inc. will post 12.72 EPS for the current fiscal year.

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.