Clarius Group LLC Has $987,000 Stock Holdings in Simon Property Group, Inc. (NYSE:SPG)

Clarius Group LLC lowered its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 33.9% in the fourth quarter, HoldingsChannel reports. The fund owned 5,732 shares of the real estate investment trust’s stock after selling 2,945 shares during the period. Clarius Group LLC’s holdings in Simon Property Group were worth $987,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SPG. Capital Performance Advisors LLP acquired a new position in Simon Property Group during the third quarter worth $30,000. Trivant Custom Portfolio Group LLC bought a new stake in Simon Property Group during the 3rd quarter worth about $42,000. Eastern Bank bought a new stake in Simon Property Group during the 3rd quarter worth about $42,000. Ashton Thomas Securities LLC acquired a new position in shares of Simon Property Group during the 3rd quarter worth about $52,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of 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 acquiring an additional 214 shares in the last quarter. 93.01% of the stock is owned by institutional investors.

Insider Activity at Simon Property Group

In other news, Director Reuben S. Leibowitz bought 465 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was bought at an average price of $168.59 per share, with a total value of $78,394.35. Following the completion of the acquisition, the director now owns 55,919 shares of the company’s stock, valued at $9,427,384.21. This represents a 0.84 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 8.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Simon Property Group Price Performance

NYSE:SPG opened at $174.28 on Friday. The company has a market cap of $56.86 billion, a P/E ratio of 23.21, a P/E/G ratio of 9.16 and a beta of 1.75. The firm’s fifty day moving average price is $177.19 and its two-hundred day moving average price is $167.69. Simon Property Group, Inc. has a one year low of $135.15 and a one year high of $186.00. 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 announced its quarterly earnings results on Friday, November 1st. The real estate investment trust reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $3.00 by ($1.54). The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.32 billion. Simon Property Group had a net margin of 43.36% and a return on equity of 76.21%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company posted $3.20 EPS. Equities analysts expect that Simon Property Group, Inc. will post 12.74 earnings per share for the current year.

Simon Property Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were issued a dividend of $2.10 per share. This is a boost from Simon Property Group’s previous quarterly dividend of $2.05. This represents a $8.40 annualized dividend and a yield of 4.82%. The ex-dividend date was Monday, December 9th. Simon Property Group’s dividend payout ratio (DPR) is presently 111.85%.

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.