SageView Advisory Group LLC Has $341,000 Stock Position in Simon Property Group, Inc. (NYSE:SPG)

SageView Advisory Group LLC raised its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 10.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,979 shares of the real estate investment trust’s stock after acquiring an additional 185 shares during the quarter. SageView Advisory Group LLC’s holdings in Simon Property Group were worth $341,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Morse Asset Management Inc bought a new stake in Simon Property Group during the 3rd quarter worth about $155,000. SkyView Investment Advisors LLC grew its holdings in shares of Simon Property Group by 4.3% in the 3rd quarter. SkyView Investment Advisors LLC now owns 3,803 shares of the real estate investment trust’s stock valued at $643,000 after acquiring an additional 158 shares in the last quarter. World Investment Advisors LLC increased its position in shares of Simon Property Group by 17.3% in the third quarter. World Investment Advisors LLC now owns 3,534 shares of the real estate investment trust’s stock valued at $597,000 after acquiring an additional 521 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Simon Property Group during the third quarter worth about $834,000. Finally, Blankinship & Foster LLC acquired a new position in Simon Property Group during the third quarter valued at approximately $608,000. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Stifel Nicolaus raised Simon Property Group from a “hold” rating to a “buy” rating and set a $168.50 price target on the stock in a research report on Wednesday, April 9th. StockNews.com lowered shares of Simon Property Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 29th. Piper Sandler raised shares of Simon Property Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $175.00 to $205.00 in a research report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft started coverage on shares of Simon Property Group in a research note on Tuesday, December 17th. They set a “hold” rating and a $195.00 price objective on the stock. Finally, 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. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Simon Property Group currently has an average rating of “Moderate Buy” and an average price target of $181.39.

Simon Property Group Stock Down 0.3 %

Shares of SPG opened at $149.35 on Wednesday. The firm has a market cap of $48.73 billion, a P/E ratio of 20.57, a price-to-earnings-growth ratio of 10.10 and a beta of 1.45. The company has a debt-to-equity ratio of 7.19, a quick ratio of 2.00 and a current ratio of 1.28. Simon Property Group, Inc. has a 52 week low of $136.34 and a 52 week high of $190.14. The firm’s 50-day simple moving average is $168.88 and its 200 day simple moving average is $173.01.

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

Simon Property Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were given a dividend of $2.10 per share. This represents a $8.40 annualized dividend and a yield of 5.62%. The ex-dividend date of this dividend was Monday, March 10th. Simon Property Group’s payout ratio is 115.70%.

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.