Soltis Investment Advisors LLC Buys 279 Shares of Simon Property Group, Inc. (NYSE:SPG)

Soltis Investment Advisors LLC increased its stake in Simon Property Group, Inc. (NYSE:SPG) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,210 shares of the real estate investment trust’s stock after purchasing an additional 279 shares during the period. Soltis Investment Advisors LLC’s holdings in Simon Property Group were worth $3,997,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPG. CWM LLC boosted its position in shares of Simon Property Group by 3.3% during the 3rd quarter. CWM LLC now owns 9,382 shares of the real estate investment trust’s stock worth $1,586,000 after acquiring an additional 302 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Simon Property Group by 7.1% during the 3rd quarter. UMB Bank n.a. now owns 2,325 shares of the real estate investment trust’s stock worth $393,000 after buying an additional 154 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Simon Property Group by 433.2% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,954 shares of the real estate investment trust’s stock valued at $499,000 after buying an additional 2,400 shares in the last quarter. Valeo Financial Advisors LLC grew its position in Simon Property Group by 1.4% in the third quarter. Valeo Financial Advisors LLC now owns 9,444 shares of the real estate investment trust’s stock valued at $1,596,000 after acquiring an additional 130 shares during the last quarter. Finally, Ritholtz Wealth Management raised its stake in Simon Property Group by 12.9% during the third quarter. Ritholtz Wealth Management now owns 9,851 shares of the real estate investment trust’s stock worth $1,665,000 after acquiring an additional 1,128 shares in the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group upgraded shares of Simon Property Group from a “hold” rating to a “buy” rating and upped their price objective for the stock from $179.00 to $198.00 in a research report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft began coverage on Simon Property Group in a research note on Tuesday, December 17th. They issued a “hold” rating and a $195.00 price objective for the company. Piper Sandler upgraded shares of Simon Property Group from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $175.00 to $205.00 in a research report on Wednesday, February 5th. Finally, Mizuho upped their price target on shares of Simon Property Group from $158.00 to $182.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $175.10.

Simon Property Group Stock Down 0.1 %

Shares of NYSE:SPG opened at $180.01 on Monday. The business’s 50-day moving average is $175.50 and its 200-day moving average is $170.44. Simon Property Group, Inc. has a 1 year low of $139.25 and a 1 year high of $186.00. The company has a market capitalization of $58.73 billion, a price-to-earnings ratio of 24.79, a P/E/G ratio of 9.58 and a beta of 1.74. The company has a debt-to-equity ratio of 7.19, a current ratio of 1.28 and a quick ratio of 2.00.

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 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 predict that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Dividend Announcement

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

Insider Transactions at Simon Property Group

In related news, Director Reuben S. Leibowitz purchased 465 shares of the business’s stock in a transaction on Monday, December 30th. The stock was acquired at an average price of $168.59 per share, for a total transaction of $78,394.35. Following the purchase, the director now 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 8.50% of the stock is owned by insiders.

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.