Capital Advisors Inc. OK Buys 6,759 Shares of Simon Property Group, Inc. (NYSE:SPG)

Capital Advisors Inc. OK increased its stake in Simon Property Group, Inc. (NYSE:SPG) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 320,236 shares of the real estate investment trust’s stock after purchasing an additional 6,759 shares during the period. Simon Property Group makes up approximately 1.1% of Capital Advisors Inc. OK’s portfolio, making the stock its 27th biggest holding. Capital Advisors Inc. OK owned approximately 0.10% of Simon Property Group worth $55,148,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Quent Capital LLC grew its position in Simon Property Group by 45.5% during the fourth quarter. Quent Capital LLC now owns 502 shares of the real estate investment trust’s stock valued at $86,000 after acquiring an additional 157 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in Simon Property Group during the fourth quarter valued at approximately $45,000. Sapient Capital LLC grew its position in Simon Property Group by 0.3% during the fourth quarter. Sapient Capital LLC now owns 205,035 shares of the real estate investment trust’s stock valued at $35,309,000 after acquiring an additional 667 shares during the last quarter. Soltis Investment Advisors LLC grew its position in Simon Property Group by 1.2% during the fourth quarter. Soltis Investment Advisors LLC now owns 23,210 shares of the real estate investment trust’s stock valued at $3,997,000 after acquiring an additional 279 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new position in Simon Property Group during the fourth quarter valued at approximately $41,000. 93.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SPG shares. Jefferies Financial Group upgraded shares of Simon Property Group from a “hold” rating to a “buy” rating and increased their price target for the company from $179.00 to $198.00 in a research report on Thursday, January 2nd. 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 price target on the stock. Mizuho increased their price objective on Simon Property Group from $158.00 to $182.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Finally, Piper Sandler raised Simon Property Group from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $175.00 to $205.00 in a research note on Wednesday, February 5th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Simon Property Group currently has a consensus rating of “Hold” and an average target price of $175.10.

Insider Buying and Selling at Simon Property Group

In other news, Director Reuben S. Leibowitz purchased 465 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were purchased at an average cost of $168.59 per share, for a total transaction of $78,394.35. Following the purchase, the director now directly owns 55,919 shares in the company, valued at approximately $9,427,384.21. This represents a 0.84 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 8.50% of the company’s stock.

Simon Property Group Price Performance

Shares of NYSE:SPG opened at $184.37 on Wednesday. Simon Property Group, Inc. has a 1-year low of $139.25 and a 1-year high of $186.00. 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 business has a fifty day moving average price of $175.48 and a 200-day moving average price of $170.80. The company has a market capitalization of $60.16 billion, a PE ratio of 25.40, a PEG ratio of 9.58 and a beta of 1.74.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share 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%. As a group, equities analysts expect that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a $2.10 dividend. This represents a $8.40 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date is Monday, March 10th. Simon Property Group’s dividend payout ratio (DPR) is presently 115.70%.

About Simon Property Group

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.