1,467 Shares in Simon Property Group, Inc. (NYSE:SPG) Acquired by Schwarz Dygos Wheeler Investment Advisors LLC

Schwarz Dygos Wheeler Investment Advisors LLC purchased a new position in Simon Property Group, Inc. (NYSE:SPG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,467 shares of the real estate investment trust’s stock, valued at approximately $209,000.

A number of other hedge funds also recently modified their holdings of SPG. Arlington Trust Co LLC bought a new stake in shares of Simon Property Group in the 3rd quarter worth approximately $25,000. DT Investment Partners LLC increased its holdings in shares of Simon Property Group by 714.3% in the third quarter. DT Investment Partners LLC now owns 228 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 200 shares during the period. Selway Asset Management bought a new position in shares of Simon Property Group in the third quarter worth $26,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Simon Property Group in the third quarter worth $33,000. Finally, BOK Financial Private Wealth Inc. bought a new position in shares of Simon Property Group in the fourth quarter worth $34,000. Institutional investors own 93.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. StockNews.com upgraded shares of Simon Property Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. Evercore ISI upped their target price on shares of Simon Property Group from $142.00 to $150.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 28th. Morgan Stanley upped their target price on shares of Simon Property Group from $143.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Monday, February 26th. Finally, Truist Financial upped their price target on shares of Simon Property Group from $139.00 to $147.00 and gave the company a “hold” rating in a research report on Friday, March 22nd. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $140.22.

Simon Property Group Trading Down 0.3 %

Shares of NYSE:SPG traded down $0.37 during midday trading on Friday, hitting $142.36. 1,026,159 shares of the stock traded hands, compared to its average volume of 1,112,382. The stock has a market capitalization of $46.40 billion, a PE ratio of 20.40, a P/E/G ratio of 7.49 and a beta of 1.65. The business’s 50 day moving average is $149.04 and its two-hundred day moving average is $136.81. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 7.54. Simon Property Group, Inc. has a one year low of $100.17 and a one year high of $157.82.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results on Monday, February 5th. The real estate investment trust reported $2.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.34 by ($1.05). Simon Property Group had a return on equity of 70.97% and a net margin of 42.30%. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the company earned $3.15 earnings per share. Simon Property Group’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, research analysts forecast that Simon Property Group, Inc. will post 12.06 earnings per share for the current year.

Simon Property Group declared that its Board of Directors has authorized a share buyback plan on Thursday, February 8th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the real estate investment trust to buy up to 4.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Simon Property Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were paid a $1.95 dividend. This is an increase from Simon Property Group’s previous quarterly dividend of $1.90. This represents a $7.80 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date of this dividend was Thursday, March 7th. Simon Property Group’s dividend payout ratio is presently 111.75%.

Simon Property Group Profile

Simon is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.