Simon Property Group, Inc. (NYSE:SPG) Position Increased by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV increased its stake in Simon Property Group, Inc. (NYSE:SPG) by 284.1% during the 4th quarter, HoldingsChannel reports. The firm owned 1,621 shares of the real estate investment trust’s stock after acquiring an additional 1,199 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Simon Property Group were worth $279,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in SPG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Simon Property Group by 617.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,191,296 shares of the real estate investment trust’s stock worth $539,393,000 after purchasing an additional 2,746,503 shares during the last quarter. Hamlin Capital Management LLC bought a new stake in shares of Simon Property Group in the 4th quarter worth approximately $109,403,000. KBC Group NV lifted its holdings in shares of Simon Property Group by 170.3% in the 4th quarter. KBC Group NV now owns 880,309 shares of the real estate investment trust’s stock worth $151,597,000 after purchasing an additional 554,605 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of Simon Property Group by 22,608.6% in the 4th quarter. Proficio Capital Partners LLC now owns 542,281 shares of the real estate investment trust’s stock worth $93,386,000 after purchasing an additional 539,893 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in Simon Property Group by 295.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 655,300 shares of the real estate investment trust’s stock valued at $110,759,000 after acquiring an additional 489,519 shares during the period. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Stock Down 0.0 %

Shares of SPG stock opened at $164.73 on Thursday. Simon Property Group, Inc. has a 1 year low of $139.25 and a 1 year high of $190.14. The stock has a market cap of $53.75 billion, a PE ratio of 22.69, a price-to-earnings-growth ratio of 10.10 and a beta of 1.78. The business’s fifty day moving average is $176.50 and its 200-day moving average is $174.40. 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) last issued its earnings results on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $1.70. Simon Property Group had a return on equity of 74.02% and a net margin of 41.49%. Equities analysts expect that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a $2.10 dividend. This represents a $8.40 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date is Monday, March 10th. Simon Property Group’s payout ratio is 115.70%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Simon Property Group in a research report on Tuesday, December 17th. They issued a “hold” rating and a $195.00 target price on the stock. Jefferies Financial Group upgraded 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 report on Thursday, January 2nd. Piper Sandler upgraded 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 report on Wednesday, February 5th. Scotiabank set a $186.00 target price on Simon Property Group in a research report on Friday, February 28th. Finally, Mizuho raised their target price on Simon Property Group from $158.00 to $182.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $180.33.

Insider Buying and Selling

In related news, Director Reuben S. Leibowitz bought 465 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were acquired at an average cost of $168.59 per share, for a total transaction of $78,394.35. Following the acquisition, the director now directly owns 55,919 shares of the company’s stock, valued at $9,427,384.21. The trade was a 0.84 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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.