Choreo LLC Has $1.67 Million Stock Holdings in Simon Property Group, Inc. (NYSE:SPG)

Choreo LLC trimmed its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 5.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,736 shares of the real estate investment trust’s stock after selling 614 shares during the period. Choreo LLC’s holdings in Simon Property Group were worth $1,666,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SPG. Renaissance Technologies LLC acquired a new position in shares of Simon Property Group during the 2nd quarter worth about $364,000. Brookstone Capital Management boosted its stake in shares of Simon Property Group by 8.6% during the 3rd quarter. Brookstone Capital Management now owns 21,170 shares of the real estate investment trust’s stock worth $3,578,000 after buying an additional 1,678 shares during the last quarter. CWM LLC boosted its stake in shares of Simon Property Group by 3.3% during the 3rd quarter. CWM LLC now owns 9,382 shares of the real estate investment trust’s stock worth $1,586,000 after buying an additional 302 shares during the last quarter. Wedmont Private Capital boosted its stake in shares of Simon Property Group by 5.9% during the 3rd quarter. Wedmont Private Capital now owns 6,511 shares of the real estate investment trust’s stock worth $1,091,000 after buying an additional 361 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Simon Property Group by 7.1% during the 3rd quarter. UMB Bank n.a. now owns 2,325 shares of the real estate investment trust’s stock worth $393,000 after buying an additional 154 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Simon Property Group

In other Simon Property Group news, Director Reuben S. Leibowitz bought 465 shares of the 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 completion of the acquisition, the director now owns 55,919 shares of the company’s stock, valued at $9,427,384.21. This trade represents a 0.84 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 8.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SPG shares. Piper Sandler upgraded shares of Simon Property Group from a “neutral” rating to an “overweight” rating and raised their target price for the company from $175.00 to $205.00 in a research note on Wednesday. Deutsche Bank Aktiengesellschaft started coverage on shares of Simon Property Group in a research note on Tuesday, December 17th. They issued a “hold” rating and a $195.00 target price for the company. Jefferies Financial Group upgraded shares of Simon Property Group from a “hold” rating to a “buy” rating and raised their target price for the company from $179.00 to $198.00 in a research note on Thursday, January 2nd. Finally, Mizuho raised their target price on shares of Simon Property Group from $158.00 to $182.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $175.10.

Simon Property Group Stock Down 0.1 %

Simon Property Group stock opened at $180.01 on Friday. The stock has a market cap of $58.73 billion, a P/E ratio of 23.97, a P/E/G ratio of 9.31 and a beta of 1.74. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 8.20. Simon Property Group, Inc. has a twelve month low of $139.25 and a twelve month high of $186.00. The company’s 50-day moving average price is $175.57 and its two-hundred day moving average price is $170.19.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share for the quarter, beating the consensus estimate of $1.98 by $1.70. Simon Property Group had a net margin of 43.36% and a return on equity of 76.21%. As a group, analysts expect that Simon Property Group, Inc. will post 12.72 EPS for the current year.

Simon Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a dividend of $2.10 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $8.40 annualized dividend and a dividend yield of 4.67%. Simon Property Group’s dividend payout ratio is presently 111.85%.

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.