Sapient Capital LLC Has $35.31 Million Stake in Simon Property Group, Inc. (NYSE:SPG)

Sapient Capital LLC increased its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 205,035 shares of the real estate investment trust’s stock after acquiring an additional 667 shares during the quarter. Sapient Capital LLC owned about 0.06% of Simon Property Group worth $35,309,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. CWM LLC boosted its holdings in shares of Simon Property Group by 3.3% during the third quarter. CWM LLC now owns 9,382 shares of the real estate investment trust’s stock worth $1,586,000 after acquiring an additional 302 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Simon Property Group by 433.2% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,954 shares of the real estate investment trust’s stock worth $499,000 after purchasing an additional 2,400 shares during the period. Ritholtz Wealth Management lifted its holdings in Simon Property Group by 12.9% during the 3rd quarter. Ritholtz Wealth Management now owns 9,851 shares of the real estate investment trust’s stock worth $1,665,000 after purchasing an additional 1,128 shares during the last quarter. CVA Family Office LLC boosted its stake in Simon Property Group by 11.2% in the 3rd quarter. CVA Family Office LLC now owns 715 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 72 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in Simon Property Group by 107.5% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 413 shares of the real estate investment trust’s stock valued at $70,000 after buying an additional 214 shares in the last quarter. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Trading Up 0.3 %

Shares of SPG opened at $180.48 on Tuesday. The company has a debt-to-equity ratio of 7.19, a quick ratio of 2.00 and a current ratio of 1.28. Simon Property Group, Inc. has a 52-week low of $139.25 and a 52-week high of $186.00. The firm has a market cap of $58.89 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 9.58 and a beta of 1.74. The business’s fifty day moving average is $175.50 and its 200-day moving average is $170.58.

Simon Property Group (NYSE:SPG) last released its earnings results 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 return on equity of 74.02% and a net margin of 41.49%. Equities analysts anticipate that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a $2.10 dividend. The ex-dividend date is Monday, March 10th. This represents a $8.40 dividend on an annualized basis and a yield of 4.65%. Simon Property Group’s dividend payout ratio is currently 115.70%.

Analyst Upgrades and Downgrades

SPG has been the topic of several research reports. Jefferies Financial Group upgraded shares of Simon Property Group from a “hold” rating to a “buy” rating and upped their price target for the company from $179.00 to $198.00 in a research note on Thursday, January 2nd. Mizuho increased their target price on shares of Simon Property Group from $158.00 to $182.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Piper Sandler upgraded shares of Simon Property Group from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $175.00 to $205.00 in a research report on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Simon Property Group in a research report on Tuesday, December 17th. They set a “hold” rating and a $195.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Simon Property Group presently has an average rating of “Hold” and an average target price of $175.10.

Insider Buying and Selling at Simon Property Group

In other news, Director Reuben S. Leibowitz acquired 465 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were bought at an average price of $168.59 per share, with a total value of $78,394.35. Following the acquisition, the director now directly owns 55,919 shares in the company, valued at $9,427,384.21. The trade was a 0.84 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 8.50% of the company’s stock.

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.