Mizuho Securities USA LLC Acquires 9,195 Shares of Simon Property Group, Inc. (NYSE:SPG)

Mizuho Securities USA LLC raised its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 46.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,068 shares of the real estate investment trust’s stock after purchasing an additional 9,195 shares during the period. Mizuho Securities USA LLC’s holdings in Simon Property Group were worth $5,006,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hopwood Financial Services Inc. bought a new position in shares of Simon Property Group in the 4th quarter worth approximately $28,000. WR Wealth Planners LLC grew its stake in shares of Simon Property Group by 328.2% in the 4th quarter. WR Wealth Planners LLC now owns 167 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 128 shares during the last quarter. New England Capital Financial Advisors LLC purchased a new stake in shares of Simon Property Group in the 4th quarter worth approximately $30,000. TCTC Holdings LLC purchased a new stake in Simon Property Group during the 4th quarter valued at $34,000. Finally, Synergy Asset Management LLC purchased a new stake in Simon Property Group during the 4th quarter valued at $41,000. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Price Performance

NYSE:SPG opened at $162.12 on Friday. 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 company has a market capitalization of $52.90 billion, a P/E ratio of 22.33, a P/E/G ratio of 10.10 and a beta of 1.78. Simon Property Group, Inc. has a 12 month low of $139.25 and a 12 month high of $190.14. The business’s 50-day moving average is $176.11 and its 200 day moving average is $174.37.

Simon Property Group (NYSE:SPG) last posted its earnings results on Tuesday, February 4th. The real estate investment trust reported $3.68 EPS for the quarter, topping analysts’ consensus estimates 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 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a dividend of $2.10 per share. The ex-dividend date is Monday, March 10th. This represents a $8.40 annualized dividend and a yield of 5.18%. Simon Property Group’s payout ratio is currently 115.70%.

Insiders Place Their Bets

In related news, Director Reuben S. Leibowitz acquired 465 shares of Simon Property Group stock in a transaction on Monday, December 30th. The shares were bought at an average cost of $168.59 per share, with a total value of $78,394.35. Following the completion of the purchase, 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 SEC, which is available at the SEC website. 8.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. StockNews.com upgraded Simon Property Group from a “hold” rating to a “buy” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft began coverage on Simon Property Group in a research report on Tuesday, December 17th. They set a “hold” rating and a $195.00 target price on the stock. Scotiabank set a $186.00 target price 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 price objective for the company from $175.00 to $205.00 in a research report on Wednesday, February 5th. Finally, Jefferies Financial Group upgraded Simon Property Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $179.00 to $198.00 in a research report on Thursday, January 2nd. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $180.33.

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.