Simon Property Group, Inc. (NYSE:SPG) Shares Bought by Lazari Capital Management Inc.

Lazari Capital Management Inc. lifted its holdings in Simon Property Group, Inc. (NYSE:SPG) by 2.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,962 shares of the real estate investment trust’s stock after buying an additional 80 shares during the quarter. Lazari Capital Management Inc.’s holdings in Simon Property Group were worth $510,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Capital Performance Advisors LLP acquired a new stake in Simon Property Group during the 3rd quarter valued at $30,000. Synergy Asset Management LLC acquired a new stake in Simon Property Group during the 4th quarter valued at $41,000. Eastern Bank acquired a new stake in Simon Property Group during the 3rd quarter valued at $42,000. Ashton Thomas Securities LLC acquired a new position in Simon Property Group during the 3rd quarter worth $52,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in Simon Property Group by 107.5% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 413 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 214 shares in the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Insider Activity

In related news, Director Reuben S. Leibowitz acquired 465 shares of the company’s stock in a transaction on Monday, December 30th. The shares were purchased 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 in the company, valued at $9,427,384.21. This represents a 0.84 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 8.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SPG. Mizuho raised their price objective on shares of Simon Property Group from $158.00 to $182.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft assumed 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 objective for the company. Jefferies Financial Group raised shares of Simon Property Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $179.00 to $198.00 in a research report on Thursday, January 2nd. Finally, StockNews.com downgraded shares of Simon Property Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $172.10.

Simon Property Group Stock Down 1.2 %

SPG stock opened at $173.75 on Monday. Simon Property Group, Inc. has a 12 month low of $135.15 and a 12 month high of $186.00. The firm has a market cap of $56.69 billion, a PE ratio of 23.14, a P/E/G ratio of 9.31 and a beta of 1.74. The firm has a 50 day simple moving average of $176.08 and a 200 day simple moving average of $169.77. The company has a debt-to-equity ratio of 8.20, a current ratio of 2.00 and a quick ratio of 2.00.

Simon Property Group (NYSE:SPG) last released its earnings results on Friday, November 1st. The real estate investment trust reported $1.46 EPS for the quarter, missing the consensus estimate of $3.00 by ($1.54). Simon Property Group had a net margin of 43.36% and a return on equity of 76.21%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the company earned $3.20 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities research analysts forecast that Simon Property Group, Inc. will post 12.72 earnings per share for the current fiscal year.

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.