1 week Ago By ABMN Staff
Arrowstreet Capital Limited Partnership cut its position in Simon Property Group, Inc. ( NYSE:SPG – Free Report ) by 96.8% during the 4th quarter, HoldingsChannel reports.
The firm owned 26,956 shares of the real estate investment trust’s stock after selling 828,416 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Simon Property Group were worth $4,642,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors also recently made changes to their positions in the company.
Hopwood Financial Services Inc. acquired a new stake in Simon Property Group during the 4th quarter worth $28,000. WR Wealth Planners LLC raised 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 worth $29,000 after purchasing an additional 128 shares during the period. New England Capital Financial Advisors LLC acquired a new stake in shares of Simon Property Group during the fourth quarter worth about $30,000.
Caisse Des Depots ET Consignations bought a new position in shares of Simon Property Group during the 4th quarter valued at about $31,000. Finally, TCTC Holdings LLC acquired a new position in shares of Simon Property Group in the 4th quarter valued at approximately $34,000. 93.
01% of the stock is owned by institutional investors. Wall Street Analyst Weigh In Several brokerages have commented on SPG. Piper Sandler upgraded shares of 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 report on Wednesday, February 5th. Scotiabank set a $186.
00 price objective on shares of Simon Property Group in a report on Friday, February 28th. StockNews.com cut shares of Simon Property Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 29th.
Deutsche Bank Aktiengesellschaft initiated coverage on Simon Property Group in a report on Tuesday, December 17th. They set a “hold” rating and a $195.00 target price for the company.
Finally, Jefferies Financial Group upgraded 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.
Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Simon Property Group currently has an average rating of “Hold” and a consensus target price of $180.33.
Simon Property Group Stock Performance Shares of NYSE SPG opened at $143.18 on Tuesday. The stock has a market capitalization of $46.
72 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 10.10 and a beta of 1.
45. Simon Property Group, Inc. has a 52 week low of $138.
11 and a 52 week high of $190.14. The stock has a 50 day moving average price of $173.
36 and a 200 day moving average price of $174.23. 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 ( NYSE:SPG – Get Free Report ) last issued its earnings results on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share (EPS) for the quarter, beating 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%. Analysts predict that Simon Property Group, Inc.
will post 12.54 earnings per share for the current fiscal year. Simon Property Group Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st.
Stockholders of record on Monday, March 10th were paid a dividend of $2.10 per share. The ex-dividend date was Monday, March 10th.
This represents a $8.40 annualized dividend and a dividend yield of 5.87%.
Simon Property Group’s dividend payout ratio is currently 115.70%. Simon Property Group Company Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding SPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Simon Property Group, Inc.
( NYSE:SPG – Free Report ). Receive News & Ratings for Simon Property Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simon Property Group and related companies with MarketBeat.com's FREE daily email newsletter .
.
