Insigneo Advisory Services LLC Sells 99 Shares of Simon Property Group, Inc. (NYSE:SPG)

Insigneo Advisory Services LLC lowered its holdings in Simon Property Group, Inc. (NYSE:SPG) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,494 shares of the real estate investment trust’s stock after selling 99 shares during the period. Insigneo Advisory Services LLC’s holdings in Simon Property Group were worth $429,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SPG. Wilmington Savings Fund Society FSB bought a new position in Simon Property Group during the third quarter valued at about $834,000. First Hawaiian Bank boosted its stake in Simon Property Group by 35.0% in the fourth quarter. First Hawaiian Bank now owns 5,294 shares of the real estate investment trust’s stock valued at $912,000 after acquiring an additional 1,372 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Simon Property Group by 72.8% during the 4th quarter. Versant Capital Management Inc now owns 999 shares of the real estate investment trust’s stock valued at $172,000 after acquiring an additional 421 shares during the period. Asset Management One Co. Ltd. increased its stake in shares of Simon Property Group by 0.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 587,933 shares of the real estate investment trust’s stock worth $101,130,000 after purchasing an additional 3,990 shares during the last quarter. Finally, Merit Financial Group LLC bought a new stake in shares of Simon Property Group in the 4th quarter worth approximately $416,000. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Stock Performance

NYSE SPG opened at $150.31 on Friday. The company’s 50 day simple moving average is $167.64 and its two-hundred day simple moving average is $172.71. The stock has a market capitalization of $49.04 billion, a PE ratio of 20.70, a P/E/G ratio of 10.10 and a beta of 1.45. 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, Inc. has a 1 year low of $136.34 and a 1 year high of $190.14.

Simon Property Group (NYSE:SPG) last announced its earnings results on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share for the quarter, topping 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%. Analysts predict that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were issued a $2.10 dividend. This represents a $8.40 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date of this dividend was Monday, March 10th. Simon Property Group’s payout ratio is 115.70%.

Analyst Ratings Changes

A number of analysts have issued reports on SPG shares. Jefferies Financial Group raised Simon Property Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $179.00 to $198.00 in a research report on Thursday, January 2nd. Stifel Nicolaus upgraded Simon Property Group from a “hold” rating to a “buy” rating and set a $168.50 price objective on the stock in a research note on Wednesday, April 9th. 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 note on Wednesday, February 5th. Scotiabank set a $186.00 price target on shares of Simon Property Group in a research report on Friday, February 28th. Finally, StockNews.com downgraded shares of Simon Property Group from a “buy” rating to a “hold” rating in a report on Saturday, March 29th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $181.39.

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.