Oxford Financial Group LTD. LLC Has $532,000 Holdings in Simon Property Group, Inc. (NYSE:SPG)

Oxford Financial Group LTD. LLC lifted its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 5.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,090 shares of the real estate investment trust’s stock after purchasing an additional 173 shares during the period. Oxford Financial Group LTD. LLC’s holdings in Simon Property Group were worth $532,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Hopwood Financial Services Inc. acquired a new position in Simon Property Group during the 4th quarter worth $28,000. WR Wealth Planners LLC raised its position in shares of Simon Property Group by 328.2% during the fourth 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 during the last quarter. New England Capital Financial Advisors LLC acquired a new position in shares of Simon Property Group during the fourth quarter valued at $30,000. TCTC Holdings LLC bought a new position in Simon Property Group in the fourth quarter valued at about $34,000. Finally, Synergy Asset Management LLC acquired a new stake in Simon Property Group in the fourth quarter worth about $41,000. 93.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Simon Property Group in a research note on Tuesday, December 17th. They issued a “hold” rating and a $195.00 target price on the stock. Piper Sandler raised shares of Simon Property Group from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $175.00 to $205.00 in a report on Wednesday, February 5th. StockNews.com downgraded Simon Property Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Jefferies Financial Group upgraded Simon Property Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $179.00 to $198.00 in a research report on Thursday, January 2nd. Finally, Scotiabank set a $186.00 target price on Simon Property Group in a research note on Friday, February 28th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $180.33.

Simon Property Group Stock Performance

Shares of SPG stock opened at $164.36 on Friday. Simon Property Group, Inc. has a 12 month low of $139.25 and a 12 month high of $190.14. The company’s fifty day simple moving average is $176.29 and its 200-day simple moving average is $174.33. The firm has a market cap of $53.63 billion, a PE ratio of 22.64, a P/E/G ratio of 10.10 and a beta of 1.78. The company has a quick ratio of 2.00, a current ratio of 1.28 and a debt-to-equity ratio of 7.19.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $3.68 EPS for the quarter, topping the consensus estimate of $1.98 by $1.70. Simon Property Group had a net margin of 41.49% and a return on equity of 74.02%. Equities research analysts expect that Simon Property Group, Inc. will post 12.54 EPS 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 $2.10 dividend. The ex-dividend date is Monday, March 10th. This represents a $8.40 dividend on an annualized basis and a dividend yield of 5.11%. Simon Property Group’s payout ratio is 115.70%.

Insider Buying and Selling

In related news, Director Reuben S. Leibowitz acquired 465 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were bought 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 acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 8.60% of the stock is owned by insiders.

Simon Property Group 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.