Great Valley Advisor Group Inc. Purchases 677 Shares of Simon Property Group, Inc. (NYSE:SPG)

Great Valley Advisor Group Inc. grew its position in Simon Property Group, Inc. (NYSE:SPGGet Rating) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,726 shares of the real estate investment trust’s stock after purchasing an additional 677 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Simon Property Group were worth $2,991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of SPG. EverSource Wealth Advisors LLC bought a new position in shares of Simon Property Group during the fourth quarter worth $31,000. Equitec Proprietary Markets LLC bought a new position in shares of Simon Property Group during the fourth quarter worth $36,000. Arlington Partners LLC bought a new position in shares of Simon Property Group during the fourth quarter worth $44,000. Dark Forest Capital Management LP boosted its position in shares of Simon Property Group by 33.5% during the third quarter. Dark Forest Capital Management LP now owns 367 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 92 shares during the last quarter. Finally, AlphaMark Advisors LLC boosted its position in shares of Simon Property Group by 90.9% during the fourth quarter. AlphaMark Advisors LLC now owns 315 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 150 shares during the last quarter. Institutional investors and hedge funds own 91.62% of the company’s stock.

SPG has been the subject of a number of research reports. Wells Fargo & Company dropped their target price on shares of Simon Property Group from $152.00 to $140.00 and set an “equal weight” rating for the company in a research report on Thursday, April 7th. Stifel Nicolaus lowered their price objective on shares of Simon Property Group from $180.00 to $165.00 in a research report on Tuesday, May 10th. Mizuho lowered their price objective on shares of Simon Property Group from $162.00 to $158.00 and set a “neutral” rating for the company in a research report on Tuesday, February 8th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Simon Property Group from $190.00 to $173.00 and set a “buy” rating for the company in a research report on Thursday, March 31st. Finally, Morgan Stanley lowered their price objective on shares of Simon Property Group from $180.00 to $160.00 and set an “overweight” rating for the company in a research report on Monday, March 7th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $164.31.

Shares of NYSE:SPG traded up $2.27 during trading on Tuesday, reaching $119.14. The stock had a trading volume of 16,316 shares, compared to its average volume of 2,234,613. Simon Property Group, Inc. has a one year low of $111.17 and a one year high of $171.12. The company has a market capitalization of $39.15 billion, a P/E ratio of 17.24, a PEG ratio of 2.26 and a beta of 1.45. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 6.82. The firm’s 50-day simple moving average is $126.99 and its 200 day simple moving average is $143.73.

Simon Property Group (NYSE:SPGGet Rating) last released its earnings results on Monday, May 9th. The real estate investment trust reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $2.74 by ($1.44). The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.24 billion. Simon Property Group had a return on equity of 56.67% and a net margin of 43.12%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the business earned $2.48 earnings per share. Equities research analysts forecast that Simon Property Group, Inc. will post 11.69 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Thursday, June 9th will be paid a $1.70 dividend. The ex-dividend date of this dividend is Wednesday, June 8th. This is a boost from Simon Property Group’s previous quarterly dividend of $1.65. This represents a $6.80 dividend on an annualized basis and a yield of 5.71%. Simon Property Group’s dividend payout ratio (DPR) is 97.35%.

Simon Property Group Profile (Get Rating)

Simon is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.

Further Reading

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Institutional Ownership by Quarter for Simon Property Group (NYSE:SPG)

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