Aspiriant LLC Sells 74 Shares of Simon Property Group, Inc. (NYSE:SPG)

Aspiriant LLC cut its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,777 shares of the real estate investment trust’s stock after selling 74 shares during the quarter. Aspiriant LLC’s holdings in Simon Property Group were worth $995,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SPG. Capital Performance Advisors LLP bought a new position in Simon Property Group during the third quarter worth $30,000. Trivant Custom Portfolio Group LLC acquired a new position in Simon Property Group during the third quarter worth $42,000. Eastern Bank acquired a new position in Simon Property Group during the third quarter worth $42,000. Ashton Thomas Securities LLC acquired a new position in Simon Property Group during the third quarter worth $52,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in Simon Property Group by 107.5% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 413 shares of the real estate investment trust’s stock worth $70,000 after buying an additional 214 shares during the last quarter. 93.01% of the stock is owned by institutional investors.

Insider Buying and Selling at Simon Property Group

In other Simon Property Group news, Director Reuben S. Leibowitz bought 465 shares of Simon Property Group stock in a transaction dated Monday, December 30th. The shares were purchased at an average cost of $168.59 per share, with a total value of $78,394.35. Following the transaction, the director now directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SPG. Deutsche Bank Aktiengesellschaft began coverage on shares of Simon Property Group in a report on Tuesday, December 17th. They issued a “hold” rating and a $195.00 target price for the company. StockNews.com lowered shares of Simon Property Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. Jefferies Financial Group raised shares of Simon Property Group from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $179.00 to $198.00 in a research report on Thursday, January 2nd. Finally, Mizuho lifted 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 note on Wednesday, December 4th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Simon Property Group currently has a consensus rating of “Hold” and a consensus price target of $172.10.

Simon Property Group Trading Up 0.9 %

Shares of SPG opened at $174.28 on Tuesday. The firm has a market cap of $56.86 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 9.33 and a beta of 1.75. The company has a debt-to-equity ratio of 8.20, a quick ratio of 2.00 and a current ratio of 2.00. Simon Property Group, Inc. has a fifty-two week low of $135.15 and a fifty-two week high of $186.00. The firm has a 50 day moving average price of $177.19 and a 200-day moving average price of $167.97.

Simon Property Group (NYSE:SPG) last posted 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). Simon Property Group had a net margin of 43.36% and a return on equity of 76.21%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the company earned $3.20 earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, equities research analysts forecast that Simon Property Group, Inc. will post 12.72 earnings per share for the current year.

Simon Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were given a dividend of $2.10 per share. This is an increase from Simon Property Group’s previous quarterly dividend of $2.05. This represents a $8.40 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date of this dividend was Monday, December 9th. Simon Property Group’s payout ratio 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.