11,234 Shares in Simon Property Group, Inc. (NYSE:SPG) Purchased by Bp Plc


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Bp Plc purchased a new stake in Simon Property Group, Inc. (NYSE:SPG) during the 4th quarter, HoldingsChannel reports. The fund purchased 11,234 shares of the real estate investment trust’s stock, valued at approximately $957,000.

Several other institutional investors and hedge funds have also modified their holdings of SPG. Ellevest Inc. grew its holdings in shares of Simon Property Group by 370.2% during the third quarter. Ellevest Inc. now owns 395 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 311 shares in the last quarter. CX Institutional raised its position in shares of Simon Property Group by 137.1% during the 4th quarter. CX Institutional now owns 358 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 207 shares in the last quarter. Webster Bank N. A. grew its position in Simon Property Group by 257.5% in the fourth quarter. Webster Bank N. A. now owns 429 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 309 shares in the last quarter. Tompkins Financial Corp bought a new position in Simon Property Group in the fourth quarter valued at $36,000. Finally, Lindbrook Capital LLC raised its position in Simon Property Group by 38.8% during the third quarter. Lindbrook Capital LLC now owns 580 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 162 shares in the last quarter. Hedge funds and other institutional investors own 88.23% of the company’s stock.

Simon Property Group stock opened at $112.77 on Tuesday. Simon Property Group, Inc. has a twelve month low of $42.25 and a twelve month high of $141.05. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 12.74. The company has a market capitalization of $34.51 billion, a P/E ratio of 25.63, a PEG ratio of 1.87 and a beta of 1.51. The stock’s 50 day moving average is $96.26 and its 200 day moving average is $78.75.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Sunday, February 7th. The real estate investment trust reported $0.86 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.19 by ($1.33). The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Simon Property Group had a net margin of 27.22% and a return on equity of 56.28%. The business’s revenue for the quarter was down 24.0% compared to the same quarter last year. During the same period last year, the company posted $1.66 earnings per share. As a group, equities analysts expect that Simon Property Group, Inc. will post 9.18 EPS for the current year.

A number of equities analysts recently weighed in on the company. Evercore ISI assumed coverage on Simon Property Group in a report on Wednesday, January 6th. They set an “inline” rating and a $89.00 price objective on the stock. Zacks Investment Research upgraded shares of Simon Property Group from a “sell” rating to a “hold” rating and set a $92.00 price target for the company in a research report on Monday, January 11th. Edward Jones lowered Simon Property Group from a “hold” rating to a “sell” rating in a research note on Tuesday, December 15th. Mizuho lifted their target price on shares of Simon Property Group from $74.00 to $97.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 9th. Finally, Truist increased their price target on shares of Simon Property Group from $72.00 to $94.00 in a research report on Friday, December 11th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $90.33.

Simon Property Group Company Profile

Simon is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.

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Institutional Ownership by Quarter for Simon Property Group (NYSE:SPG)

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