BDF Gestion Sells 9,930 Shares of Simon Property Group, Inc. (NYSE:SPG)

BDF Gestion cut its position in Simon Property Group, Inc. (NYSE:SPG) by 25.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,608 shares of the real estate investment trust’s stock after selling 9,930 shares during the quarter. BDF Gestion’s holdings in Simon Property Group were worth $4,927,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in Simon Property Group during the third quarter worth about $30,000. Synergy Asset Management LLC purchased a new stake in shares of Simon Property Group during the 4th quarter valued at approximately $41,000. Trivant Custom Portfolio Group LLC bought a new position in Simon Property Group in the 3rd quarter worth approximately $42,000. Eastern Bank purchased a new position in Simon Property Group in the 3rd quarter valued at approximately $42,000. Finally, Ashton Thomas Securities LLC bought a new stake in Simon Property Group during the 3rd quarter valued at $52,000. Institutional investors own 93.01% of the company’s stock.

Analysts Set New Price Targets

SPG has been the topic of a number of analyst reports. StockNews.com lowered Simon Property Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. 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 for the company. Mizuho increased their price target on shares of Simon Property Group from $158.00 to $182.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Finally, Jefferies Financial Group raised shares of Simon Property Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $179.00 to $198.00 in a research note on Thursday, January 2nd. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Simon Property Group currently has a consensus rating of “Hold” and a consensus price target of $172.10.

Insiders Place Their Bets

In other Simon Property Group news, Director Reuben S. Leibowitz acquired 465 shares of the business’s stock in a transaction on Monday, December 30th. The shares were acquired at an average price of $168.59 per share, for a total transaction of $78,394.35. Following the completion of 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.50% of the stock is owned by corporate insiders.

Simon Property Group Price Performance

Shares of Simon Property Group stock opened at $173.86 on Thursday. The stock has a market capitalization of $56.73 billion, a P/E ratio of 23.15, a price-to-earnings-growth ratio of 9.26 and a beta of 1.75. 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. The business’s 50 day simple moving average is $176.49 and its two-hundred day simple moving average is $169.30.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Friday, November 1st. The real estate investment trust reported $1.46 earnings per share for the quarter, missing analysts’ consensus estimates of $3.00 by ($1.54). The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.32 billion. Simon Property Group had a return on equity of 76.21% and a net margin of 43.36%. Simon Property Group’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.20 earnings per share. Analysts forecast that Simon Property Group, Inc. will post 12.72 EPS 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 given a dividend of $2.10 per share. The ex-dividend date of this dividend was Monday, December 9th. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.05. This represents a $8.40 annualized dividend and a dividend yield of 4.83%. Simon Property Group’s payout ratio is currently 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.