Teachers Retirement System of The State of Kentucky lessened its stake in shares of Simon Property Group Inc (NYSE:SPG) by 8.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 169,816 shares of the real estate investment trust’s stock after selling 16,600 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Simon Property Group were worth $29,164,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its position in Simon Property Group by 69.7% during the 3rd quarter. Parallel Advisors LLC now owns 772 shares of the real estate investment trust’s stock worth $124,000 after purchasing an additional 317 shares during the last quarter. RFG Advisory Group LLC acquired a new stake in Simon Property Group during the 4th quarter valued at approximately $200,000. Partnervest Advisory Services LLC acquired a new stake in Simon Property Group during the 4th quarter valued at approximately $204,000. Murphy Capital Management Inc. acquired a new stake in Simon Property Group during the 4th quarter valued at approximately $206,000. Finally, Advisory Services Network LLC lifted its stake in Simon Property Group by 822.4% during the 4th quarter. Advisory Services Network LLC now owns 1,236 shares of the real estate investment trust’s stock valued at $212,000 after acquiring an additional 1,102 shares during the period. 94.86% of the stock is currently owned by institutional investors.
In other news, CAO Steven K. Broadwater sold 621 shares of the company’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $171.95, for a total transaction of $106,780.95. Following the completion of the sale, the chief accounting officer now owns 2,290 shares of the company’s stock, valued at $393,765.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 8.42% of the stock is owned by corporate insiders.
Simon Property Group Inc (SPG) opened at $156.57 on Monday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 5.87. The firm has a market cap of $50,155.01, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 2.00 and a beta of 0.58. Simon Property Group Inc has a 12-month low of $150.15 and a 12-month high of $176.17.
Simon Property Group (NYSE:SPG) last posted its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $3.12 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $3.12. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Simon Property Group had a net margin of 35.14% and a return on equity of 44.93%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the business posted $1.26 earnings per share. equities analysts predict that Simon Property Group Inc will post 12 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were issued a dividend of $1.95 per share. This is a positive change from Simon Property Group’s previous quarterly dividend of $1.85. The ex-dividend date was Tuesday, February 13th. This represents a $7.80 dividend on an annualized basis and a dividend yield of 4.98%. Simon Property Group’s dividend payout ratio is presently 124.80%.
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Simon Property Group Company Profile
Simon Property Group, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. Simon Property Group, L.P. (Operating Partnership), is the Company’s partnership subsidiary that owns all of its real estate properties and other assets.
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