Townsquare Capital LLC Has $4.77 Million Stake in Simon Property Group, Inc. (NYSE:SPG)

Townsquare Capital LLC boosted its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 2.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,685 shares of the real estate investment trust’s stock after purchasing an additional 560 shares during the period. Townsquare Capital LLC’s holdings in Simon Property Group were worth $4,768,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Hopwood Financial Services Inc. purchased a new position in shares of Simon Property Group during the fourth quarter valued at $28,000. WR Wealth Planners LLC boosted its position 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 during the period. New England Capital Financial Advisors LLC purchased a new position in Simon Property Group during the 4th quarter valued at about $30,000. Caisse Des Depots ET Consignations acquired a new position in shares of Simon Property Group in the 4th quarter valued at about $31,000. Finally, TCTC Holdings LLC acquired a new stake in shares of Simon Property Group during the fourth quarter worth approximately $34,000. 93.01% of the stock is owned by institutional investors and hedge funds.

Simon Property Group Stock Performance

Shares of SPG opened at $147.98 on Monday. 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’s fifty day moving average price is $170.08 and its 200 day moving average price is $173.30. The company has a market capitalization of $48.28 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 10.10 and a beta of 1.45. Simon Property Group, Inc. has a one year low of $136.34 and a one year high of $190.14.

Simon Property Group (NYSE:SPG) last released its earnings results on Tuesday, February 4th. The real estate investment trust reported $3.68 EPS for the quarter, beating 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%. As a group, analysts expect that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were given a $2.10 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $8.40 dividend on an annualized basis and a dividend yield of 5.68%. Simon Property Group’s dividend payout ratio is currently 115.70%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SPG shares. Jefferies Financial Group upgraded shares of Simon Property Group from a “hold” rating to a “buy” rating and increased their target price for the stock from $179.00 to $198.00 in a research report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft began coverage on Simon Property Group in a research report on Tuesday, December 17th. They set a “hold” rating and a $195.00 price objective for the company. StockNews.com downgraded Simon Property Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 29th. Piper Sandler raised Simon Property Group from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $175.00 to $205.00 in a research note on Wednesday, February 5th. Finally, Scotiabank set a $186.00 target price on shares of Simon Property Group in a research note on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $181.39.

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.