MRP Capital Investments LLC Sells 75 Shares of Simon Property Group, Inc. (NYSE:SPG)

MRP Capital Investments LLC lowered its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,475 shares of the real estate investment trust’s stock after selling 75 shares during the quarter. MRP Capital Investments LLC’s holdings in Simon Property Group were worth $254,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of SPG. Oxford Financial Group LTD. LLC lifted its holdings in shares of Simon Property Group by 5.9% in the 4th quarter. Oxford Financial Group LTD. LLC now owns 3,090 shares of the real estate investment trust’s stock worth $532,000 after acquiring an additional 173 shares during the last quarter. TD Private Client Wealth LLC increased its position in Simon Property Group by 11.1% during the 4th quarter. TD Private Client Wealth LLC now owns 1,595 shares of the real estate investment trust’s stock valued at $275,000 after purchasing an additional 160 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in Simon Property Group by 3.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 35,953 shares of the real estate investment trust’s stock valued at $6,191,000 after purchasing an additional 1,356 shares during the period. HUB Investment Partners LLC increased its position in Simon Property Group by 1.4% during the 4th quarter. HUB Investment Partners LLC now owns 13,930 shares of the real estate investment trust’s stock valued at $2,399,000 after purchasing an additional 199 shares during the period. Finally, Whittier Trust Co. increased its position in Simon Property Group by 3.2% during the 4th quarter. Whittier Trust Co. now owns 77,200 shares of the real estate investment trust’s stock valued at $13,294,000 after purchasing an additional 2,385 shares during the period. Institutional investors own 93.01% of the company’s stock.

Insider Buying and Selling

In related news, Director Reuben S. Leibowitz purchased 465 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was bought at an average price of $168.59 per share, with a total value of $78,394.35. Following the acquisition, the director now owns 55,919 shares in the company, valued at $9,427,384.21. The trade was a 0.84 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.60% of the stock is owned by insiders.

Analyst Ratings Changes

SPG has been the topic of a number of research reports. Scotiabank set a $186.00 target price on shares of Simon Property Group in a research report on Friday, February 28th. Mizuho lifted their price objective on shares of Simon Property Group from $158.00 to $182.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Piper Sandler raised shares of Simon Property Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $175.00 to $205.00 in a research report on Wednesday, February 5th. StockNews.com downgraded shares of Simon Property Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Simon Property Group in a research report on Tuesday, December 17th. They set a “hold” rating and a $195.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Simon Property Group has an average rating of “Hold” and a consensus target price of $180.33.

Simon Property Group Stock Performance

SPG opened at $164.36 on Friday. The company has a debt-to-equity ratio of 7.19, a current ratio of 1.28 and a quick ratio of 2.00. The firm has a fifty day moving average price of $176.29 and a 200 day moving average price of $174.33. 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 $53.63 billion, a P/E ratio of 22.64, a P/E/G ratio of 10.10 and a beta of 1.78.

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

Simon Property Group Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 5.11%. The ex-dividend date of this dividend is Monday, March 10th. Simon Property Group’s payout ratio is presently 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.