Teachers Advisors LLC increased its holdings in Simon Property Group Inc (NYSE:SPG) by 0.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,213,774 shares of the real estate investment trust’s stock after buying an additional 1,104 shares during the period. Teachers Advisors LLC owned about 0.19% of Simon Property Group worth $208,454,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Parallel Advisors LLC lifted its position in Simon Property Group by 69.7% in the 3rd quarter. Parallel Advisors LLC now owns 772 shares of the real estate investment trust’s stock valued at $124,000 after purchasing an additional 317 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in Simon Property Group by 791.3% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,455 shares of the real estate investment trust’s stock valued at $175,000 after purchasing an additional 4,843 shares during the last quarter. RFG Advisory Group LLC bought a new stake in Simon Property Group in the 4th quarter valued at about $200,000. Partnervest Advisory Services LLC bought a new stake in Simon Property Group in the 4th quarter valued at about $204,000. Finally, Murphy Capital Management Inc. bought a new stake in Simon Property Group in the 4th quarter valued at about $206,000. 94.86% of the stock is owned by institutional investors and hedge funds.
Shares of Simon Property Group Inc (SPG) opened at $156.57 on Monday. Simon Property Group Inc has a 52-week low of $150.15 and a 52-week high of $176.17. The company has a market cap of $50,155.01, a PE ratio of 25.05, a price-to-earnings-growth ratio of 2.00 and a beta of 0.58. The company has a debt-to-equity ratio of 5.87, a quick ratio of 1.75 and a current ratio of 1.75.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were given a dividend of $1.95 per share. This represents a $7.80 dividend on an annualized basis and a dividend yield of 4.98%. This is an increase from Simon Property Group’s previous quarterly dividend of $1.85. The ex-dividend date was Tuesday, February 13th. Simon Property Group’s payout ratio is 124.80%.
In other Simon Property Group news, CAO Steven K. Broadwater sold 621 shares of the business’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $171.95, for a total transaction of $106,780.95. Following the sale, the chief accounting officer now directly owns 2,290 shares in the company, valued at approximately $393,765.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 8.42% of the stock is currently owned by insiders.
SPG has been the topic of several recent research reports. Raymond James Financial set a $185.00 price objective on shares of Simon Property Group and gave the company a “buy” rating in a research report on Sunday, December 3rd. Zacks Investment Research downgraded shares of Simon Property Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Barclays reiterated a “buy” rating and issued a $190.00 price objective on shares of Simon Property Group in a research report on Wednesday, January 31st. Boenning Scattergood reiterated a “buy” rating and issued a $240.00 price objective on shares of Simon Property Group in a research report on Thursday, February 1st. Finally, ValuEngine downgraded shares of Simon Property Group from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $191.01.
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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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