Generali Investments CEE investicni spolecnost a.s. Takes $4.15 Million Position in Simon Property Group, Inc. (NYSE:SPG)

Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Simon Property Group, Inc. (NYSE:SPG) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 24,102 shares of the real estate investment trust’s stock, valued at approximately $4,151,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. WR Wealth Planners LLC raised its stake in shares of Simon Property Group by 328.2% during the 4th quarter. WR Wealth Planners LLC now owns 167 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 128 shares during the period. New England Capital Financial Advisors LLC bought a new stake in shares of Simon Property Group during the 4th quarter valued at $30,000. Capital Performance Advisors LLP bought a new stake in shares of Simon Property Group during the 3rd quarter valued at $30,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Simon Property Group during the 4th quarter valued at $41,000. Finally, Synergy Asset Management LLC bought a new stake in shares of Simon Property Group during the 4th quarter valued at $41,000. 93.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SPG has been the topic of a number of analyst reports. Piper Sandler upgraded Simon Property Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $175.00 to $205.00 in a research note on Wednesday, February 5th. StockNews.com lowered Simon Property Group from a “buy” rating to a “hold” rating in a research note on Saturday. Jefferies Financial Group upgraded Simon Property Group from a “hold” rating to a “buy” rating and upped their target price for the stock from $179.00 to $198.00 in a research note on Thursday, January 2nd. 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 target price on the stock. Finally, Mizuho upped their target price on Simon Property Group from $158.00 to $182.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Simon Property Group presently has an average rating of “Hold” and a consensus target price of $178.44.

Insider Activity at Simon Property Group

In related news, Director Reuben S. Leibowitz bought 465 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was bought 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.50% of the stock is currently owned by company insiders.

Simon Property Group Price Performance

Shares of Simon Property Group stock opened at $170.97 on Friday. The company has a current ratio of 1.28, a quick ratio of 2.00 and a debt-to-equity ratio of 7.19. The firm has a market capitalization of $55.78 billion, a PE ratio of 23.55, a price-to-earnings-growth ratio of 10.10 and a beta of 1.78. The business’s 50-day moving average price is $178.03 and its 200-day moving average price is $174.40. Simon Property Group, Inc. has a 12 month low of $139.25 and a 12 month high of $190.14.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data 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%. Sell-side analysts forecast that Simon Property Group, Inc. will post 12.54 EPS 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 dividend of $2.10 per share. This represents a $8.40 annualized dividend and a yield of 4.91%. The ex-dividend date is Monday, March 10th. Simon Property Group’s dividend 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.