Vanderbilt University Has $5.40 Million Stock Position in Simon Property Group, Inc. (NYSE:SPG)

Vanderbilt University lowered its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 9.0% during the fourth quarter, HoldingsChannel reports. The fund owned 31,345 shares of the real estate investment trust’s stock after selling 3,095 shares during the quarter. Simon Property Group makes up about 1.1% of Vanderbilt University’s portfolio, making the stock its 14th biggest holding. Vanderbilt University’s holdings in Simon Property Group were worth $5,398,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of SPG. Capital Performance Advisors LLP acquired a new position in shares of Simon Property Group during the third quarter valued at about $30,000. Synergy Asset Management LLC bought a new stake in shares of Simon Property Group in the 4th quarter worth approximately $41,000. Eastern Bank acquired a new stake in shares of Simon Property Group during the 3rd quarter worth approximately $42,000. Ashton Thomas Securities LLC bought a new stake in shares of Simon Property Group during the third quarter valued at approximately $52,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Simon Property Group by 107.5% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 413 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 214 shares in the last quarter. 93.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SPG has been the subject of several recent research reports. Piper Sandler raised shares of Simon Property Group from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $175.00 to $205.00 in a research report on Wednesday. StockNews.com lowered shares of Simon Property Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft initiated coverage on Simon Property Group in a research report on Tuesday, December 17th. They issued a “hold” rating and a $195.00 price objective for the company. Mizuho upped their price objective on Simon Property Group from $158.00 to $182.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Finally, Jefferies Financial Group raised shares of Simon Property Group from a “hold” rating to a “buy” rating and boosted their price target for the company from $179.00 to $198.00 in a report on Thursday, January 2nd. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $175.10.

Simon Property Group Stock Performance

Shares of SPG opened at $179.02 on Thursday. The stock has a market capitalization of $58.41 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 9.31 and a beta of 1.74. Simon Property Group, Inc. has a 12 month low of $137.25 and a 12 month high of $186.00. The firm has a fifty day simple moving average of $175.74 and a 200 day simple moving average of $170.06. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 8.20.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data 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 net margin of 43.36% and a return on equity of 76.21%. Research analysts forecast that Simon Property Group, Inc. will post 12.72 EPS for the current fiscal year.

Simon Property Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $2.10 per share. This represents a $8.40 annualized dividend and a dividend yield of 4.69%. The ex-dividend date is Monday, March 10th. Simon Property Group’s dividend payout ratio (DPR) is 111.85%.

Insider Transactions at Simon Property Group

In other news, Director Reuben S. Leibowitz bought 465 shares of the company’s stock in a transaction dated 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 acquisition, the director now owns 55,919 shares in the company, valued at $9,427,384.21. This trade represents a 0.84 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.60% of the company’s stock.

Simon Property Group 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.