Quotient Wealth Partners LLC Acquires 95 Shares of Simon Property Group, Inc. (NYSE:SPG)

Quotient Wealth Partners LLC grew its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 5.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,806 shares of the real estate investment trust’s stock after buying an additional 95 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Simon Property Group were worth $311,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SPG. Capital Performance Advisors LLP acquired a new position in shares of Simon Property Group during the 3rd quarter worth approximately $30,000. Synergy Asset Management LLC bought a new position in shares of Simon Property Group in the fourth quarter valued at $41,000. Eastern Bank acquired a new position in Simon Property Group during the third quarter worth $42,000. Golden State Wealth Management LLC bought a new stake in Simon Property Group during the fourth quarter worth $45,000. Finally, Ashton Thomas Securities LLC acquired a new stake in Simon Property Group in the third quarter valued at $52,000. Institutional investors own 93.01% of the company’s stock.

Insider Buying and Selling

In other Simon Property Group news, Director Reuben S. Leibowitz bought 465 shares of Simon Property Group stock in a transaction on Monday, December 30th. The shares were purchased at an average price of $168.59 per share, with a total value of $78,394.35. Following the acquisition, the director now owns 55,919 shares in the company, valued at $9,427,384.21. This trade represents a 0.84 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 8.50% of the stock is owned by company insiders.

Simon Property Group Stock Down 0.1 %

SPG opened at $180.01 on Monday. The company has a debt-to-equity ratio of 7.19, a quick ratio of 2.00 and a current ratio of 1.28. The stock has a fifty day moving average of $175.50 and a 200-day moving average of $170.44. Simon Property Group, Inc. has a fifty-two week low of $139.25 and a fifty-two week high of $186.00. The company has a market capitalization of $58.73 billion, a P/E ratio of 24.79, a P/E/G ratio of 9.58 and a beta of 1.74.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $1.70. Simon Property Group had a net margin of 41.49% and a return on equity of 74.02%. On average, equities analysts expect that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $2.10 per share. The ex-dividend date is Monday, March 10th. This represents a $8.40 dividend on an annualized basis and a dividend yield of 4.67%. Simon Property Group’s payout ratio is 115.70%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SPG. Jefferies Financial Group upgraded shares of Simon Property Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $179.00 to $198.00 in a research note on Thursday, January 2nd. Piper Sandler raised Simon Property Group from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $175.00 to $205.00 in a research report on Wednesday, February 5th. Mizuho raised their price objective on Simon Property Group from $158.00 to $182.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Simon Property Group in a report on Tuesday, December 17th. They set a “hold” rating and a $195.00 target price on the stock. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $175.10.

Simon Property Group Company 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.