O Shaughnessy Asset Management LLC Has $9.68 Million Stock Holdings in Simon Property Group, Inc. (NYSE:SPG)

O Shaughnessy Asset Management LLC lessened its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 66.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,851 shares of the real estate investment trust’s stock after selling 124,893 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Simon Property Group were worth $9,679,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Covestor Ltd lifted its stake in shares of Simon Property Group by 58.9% during the first quarter. Covestor Ltd now owns 259 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 96 shares during the period. Hillsdale Investment Management Inc. bought a new stake in Simon Property Group in the first quarter valued at about $33,000. Catalytic Wealth RIA LLC increased its holdings in Simon Property Group by 10.2% in the first quarter. Catalytic Wealth RIA LLC now owns 1,952 shares of the real estate investment trust’s stock valued at $305,000 after purchasing an additional 181 shares during the last quarter. Ontario Teachers Pension Plan Board increased its holdings in Simon Property Group by 81.9% in the first quarter. Ontario Teachers Pension Plan Board now owns 52,750 shares of the real estate investment trust’s stock valued at $8,255,000 after purchasing an additional 23,755 shares during the last quarter. Finally, TIAA Trust National Association increased its holdings in Simon Property Group by 3.7% in the first quarter. TIAA Trust National Association now owns 1,913 shares of the real estate investment trust’s stock valued at $299,000 after purchasing an additional 69 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Insider Buying and Selling

In related news, Director Reuben S. Leibowitz purchased 486 shares of Simon Property Group stock in a transaction that occurred on Friday, June 28th. The stock was purchased at an average cost of $150.17 per share, with a total value of $72,982.62. Following the completion of the transaction, the director now owns 55,001 shares of the company’s stock, valued at approximately $8,259,500.17. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 8.50% of the stock is owned by corporate insiders.

Simon Property Group Trading Down 4.2 %

Shares of Simon Property Group stock traded down $6.58 during trading hours on Wednesday, hitting $150.24. The company’s stock had a trading volume of 1,144,436 shares, compared to its average volume of 1,474,563. Simon Property Group, Inc. has a 12 month low of $102.11 and a 12 month high of $158.50. The stock has a 50 day moving average of $149.59 and a 200 day moving average of $147.64. The company has a market capitalization of $48.97 billion, a PE ratio of 19.18, a price-to-earnings-growth ratio of 9.17 and a beta of 1.75. The company has a debt-to-equity ratio of 7.20, a current ratio of 2.19 and a quick ratio of 2.19.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $2.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.80 by ($0.55). The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.31 billion. Simon Property Group had a return on equity of 78.50% and a net margin of 46.49%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.74 earnings per share. Analysts predict that Simon Property Group, Inc. will post 12.84 earnings per share for the current year.

Simon Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were issued a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, June 7th. This is an increase from Simon Property Group’s previous quarterly dividend of $1.95. This represents a $8.00 dividend on an annualized basis and a dividend yield of 5.32%. Simon Property Group’s dividend payout ratio (DPR) is presently 101.91%.

Analyst Ratings Changes

SPG has been the subject of a number of recent analyst reports. Scotiabank upped their price objective on Simon Property Group from $142.00 to $152.00 and gave the company a “sector perform” rating in a report on Thursday, May 16th. StockNews.com upgraded Simon Property Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Finally, Argus upped their price objective on Simon Property Group from $157.00 to $168.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.89.

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.