Generali Asset Management SPA SGR Takes $4.15 Million Position in Simon Property Group, Inc. (NYSE:SPG)

Generali Asset Management SPA SGR acquired a new stake in Simon Property Group, Inc. (NYSE:SPG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 24,093 shares of the real estate investment trust’s stock, valued at approximately $4,149,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Hopwood Financial Services Inc. acquired a new stake in Simon Property Group during the 4th quarter worth $28,000. WR Wealth Planners LLC raised its stake in Simon Property Group by 328.2% during the 4th quarter. WR Wealth Planners LLC now owns 167 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 128 shares in the last quarter. New England Capital Financial Advisors LLC acquired a new stake in Simon Property Group during the 4th quarter worth $30,000. TCTC Holdings LLC acquired a new stake in Simon Property Group during the 4th quarter worth $34,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in Simon Property Group during the 4th quarter worth $41,000. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Reuben S. Leibowitz purchased 465 shares of Simon Property Group stock in a transaction dated Monday, December 30th. The stock was acquired at an average cost of $168.59 per share, with a total value of $78,394.35. Following the completion of the transaction, the director now directly owns 55,919 shares of the company’s stock, valued at $9,427,384.21. This trade represents a 0.84 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SPG shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Simon Property Group in a research note on Tuesday, December 17th. They set a “hold” rating and a $195.00 price target on the stock. Scotiabank set a $186.00 price target on shares of Simon Property Group in a research note on Friday, February 28th. Jefferies Financial Group upgraded shares of Simon Property Group from a “hold” rating to a “buy” rating and lifted their price objective for the company from $179.00 to $198.00 in a research note on Thursday, January 2nd. Mizuho lifted their price objective on shares of Simon Property Group from $158.00 to $182.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Finally, StockNews.com lowered shares of Simon Property Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $180.33.

Simon Property Group Trading Down 1.3 %

NYSE SPG opened at $164.70 on Wednesday. Simon Property Group, Inc. has a 12 month low of $139.25 and a 12 month high of $190.14. The company has a debt-to-equity ratio of 7.19, a current ratio of 1.28 and a quick ratio of 2.00. The company has a market capitalization of $53.74 billion, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 10.10 and a beta of 1.78. The company’s fifty day moving average price is $176.70 and its two-hundred day moving average price is $174.47.

Simon Property Group (NYSE:SPG) last released its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $1.70. Simon Property Group had a net margin of 41.49% and a return on equity of 74.02%. As a group, research analysts predict that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $2.10 per share. The ex-dividend date is Monday, March 10th. This represents a $8.40 annualized dividend and a dividend yield of 5.10%. Simon Property Group’s dividend payout ratio (DPR) is 115.70%.

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.