Blair William & Co. IL Raises Position in Simon Property Group, Inc. (NYSE:SPG)

Blair William & Co. IL lifted its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,188 shares of the real estate investment trust’s stock after buying an additional 1,202 shares during the period. Blair William & Co. IL’s holdings in Simon Property Group were worth $3,649,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Hopwood Financial Services Inc. purchased a new position in Simon Property Group during the 4th quarter worth $28,000. WR Wealth Planners LLC grew its position in 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 purchasing an additional 128 shares in the last quarter. New England Capital Financial Advisors LLC purchased a new stake in Simon Property Group in the 4th quarter valued at about $30,000. Caisse Des Depots ET Consignations bought a new position in shares of Simon Property Group during the 4th quarter worth approximately $31,000. Finally, TCTC Holdings LLC bought a new position in shares of Simon Property Group during the 4th quarter worth approximately $34,000. Institutional investors own 93.01% of the company’s stock.

Analyst Ratings Changes

SPG has been the subject of a number of research analyst reports. StockNews.com downgraded Simon Property Group from a “buy” rating to a “hold” rating in a research report on Saturday. Scotiabank set a $186.00 target price on Simon Property Group in a research report on Friday, February 28th. Jefferies Financial Group upgraded Simon Property Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from $179.00 to $198.00 in a research note on Thursday, January 2nd. Piper Sandler upgraded shares of Simon Property Group from a “neutral” rating to an “overweight” rating and increased their price target for the company from $175.00 to $205.00 in a research report on Wednesday, February 5th. Finally, Mizuho lifted their price objective on shares of Simon Property Group from $158.00 to $182.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $180.33.

Simon Property Group Stock Performance

Shares of SPG stock opened at $166.27 on Tuesday. The firm’s 50 day moving average is $175.26 and its 200 day moving average is $174.54. The stock has a market capitalization of $54.25 billion, a P/E ratio of 22.90, a PEG 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 company has a current ratio of 1.28, a quick ratio of 2.00 and a debt-to-equity ratio of 7.19.

Simon Property Group (NYSE:SPG) last posted its earnings results on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date of this dividend was Monday, March 10th. Simon Property Group’s payout ratio is presently 115.70%.

About Simon Property Group

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.