Caisse Des Depots ET Consignations Takes $31,000 Position in Simon Property Group, Inc. (NYSE:SPG)

Caisse Des Depots ET Consignations purchased a new position in Simon Property Group, Inc. (NYSE:SPG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 178 shares of the real estate investment trust’s stock, valued at approximately $31,000.

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

Simon Property Group Stock Down 1.0 %

SPG stock opened at $164.21 on Friday. The business’s 50-day moving average price is $175.42 and its 200-day moving average price is $174.37. The stock has a market cap of $53.58 billion, a P/E ratio of 22.62, a PEG ratio of 10.10 and a beta of 1.78. Simon Property Group, Inc. has a twelve month low of $139.25 and a twelve month high of $190.14. The company has a quick ratio of 2.00, a current ratio of 1.28 and a debt-to-equity ratio of 7.19.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $1.70. Simon Property Group had a net margin of 41.49% and a return on equity of 74.02%. On average, equities research analysts forecast that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a $2.10 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $8.40 annualized dividend and a dividend yield of 5.12%. Simon Property Group’s payout ratio is 115.70%.

Analysts Set New Price Targets

SPG has been the subject of several research reports. StockNews.com cut shares of Simon Property Group from a “buy” rating to a “hold” rating in a report on Saturday. Mizuho boosted 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. Deutsche Bank Aktiengesellschaft initiated coverage on Simon Property Group in a research note on Tuesday, December 17th. They issued a “hold” rating and a $195.00 price target on the stock. Jefferies Financial Group upgraded Simon Property Group from a “hold” rating to a “buy” rating and upped their price objective for the company from $179.00 to $198.00 in a research report on Thursday, January 2nd. Finally, Piper Sandler raised Simon Property Group from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $175.00 to $205.00 in a research report on Wednesday, February 5th. Six equities 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.com, Simon Property Group has a consensus rating of “Hold” and a consensus price target of $180.33.

Insider Transactions at Simon Property Group

In related news, Director Reuben S. Leibowitz acquired 465 shares of Simon Property Group stock in a transaction dated Monday, December 30th. The shares were purchased at an average price of $168.59 per share, for a total transaction of $78,394.35. Following the completion of the transaction, the director now directly owns 55,919 shares in the company, valued at approximately $9,427,384.21. This represents a 0.84 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 8.50% of the company’s stock.

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.