Simon Property Group, Inc. (NYSE:SPG) Stock Position Reduced by Cantor Fitzgerald Investment Advisors L.P.

Cantor Fitzgerald Investment Advisors L.P. trimmed its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,673 shares of the real estate investment trust’s stock after selling 275 shares during the quarter. Cantor Fitzgerald Investment Advisors L.P.’s holdings in Simon Property Group were worth $10,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC acquired a new stake in shares of Simon Property Group in the 2nd quarter valued at $364,000. Brookstone Capital Management raised its stake in shares of Simon Property Group by 8.6% in the 3rd quarter. Brookstone Capital Management now owns 21,170 shares of the real estate investment trust’s stock valued at $3,578,000 after acquiring an additional 1,678 shares in the last quarter. CWM LLC raised its stake in shares of Simon Property Group by 3.3% in the 3rd quarter. CWM LLC now owns 9,382 shares of the real estate investment trust’s stock valued at $1,586,000 after acquiring an additional 302 shares in the last quarter. Wedmont Private Capital grew its holdings in Simon Property Group by 5.9% during the third quarter. Wedmont Private Capital now owns 6,511 shares of the real estate investment trust’s stock valued at $1,091,000 after purchasing an additional 361 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in Simon Property Group by 7.1% during the third quarter. UMB Bank n.a. now owns 2,325 shares of the real estate investment trust’s stock valued at $393,000 after purchasing an additional 154 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SPG. Piper Sandler upgraded shares of Simon Property Group from a “neutral” rating to an “overweight” rating and upped their price target for the company from $175.00 to $205.00 in a report on Wednesday. Deutsche Bank Aktiengesellschaft began coverage on Simon Property Group in a report on Tuesday, December 17th. They issued a “hold” rating and a $195.00 target price on the stock. Jefferies Financial Group raised Simon Property Group from a “hold” rating to a “buy” rating and increased their price objective for the company from $179.00 to $198.00 in a research report on Thursday, January 2nd. Finally, Mizuho boosted their target price 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. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $175.10.

Simon Property Group Price Performance

Shares of Simon Property Group stock opened at $180.01 on Friday. The firm has a market cap of $58.73 billion, a P/E ratio of 24.79, a price-to-earnings-growth ratio of 9.58 and a beta of 1.74. The firm’s 50-day simple moving average is $175.57 and its 200-day simple moving average is $170.19. Simon Property Group, Inc. has a twelve month low of $139.25 and a twelve month high of $186.00. 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 released its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share for the quarter, beating 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%. As a group, research analysts expect that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a dividend of $2.10 per share. The ex-dividend date is Monday, March 10th. This represents a $8.40 dividend on an annualized basis and a dividend yield of 4.67%. Simon Property Group’s payout ratio is presently 115.70%.

Insider Activity

In other 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 purchased at an average cost of $168.59 per share, with a total value of $78,394.35. Following the acquisition, the director now directly owns 55,919 shares of the company’s stock, valued at approximately $9,427,384.21. This trade represents a 0.84 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 8.50% of the stock is owned by corporate insiders.

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.