Cantor Fitzgerald Investment Advisors L.P. Has $10.97 Million Stock Holdings in Simon Property Group, Inc. (NYSE:SPG)

Cantor Fitzgerald Investment Advisors L.P. decreased its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,673 shares of the real estate investment trust’s stock after selling 275 shares during the period. Cantor Fitzgerald Investment Advisors L.P.’s holdings in Simon Property Group were worth $10,965,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP acquired a new position in shares of Simon Property Group during the third quarter worth approximately $30,000. Synergy Asset Management LLC acquired a new position in Simon Property Group during the 4th quarter worth $41,000. Eastern Bank bought a new position in Simon Property Group in the 3rd quarter valued at $42,000. Golden State Wealth Management LLC acquired a new stake in shares of Simon Property Group in the 4th quarter valued at $45,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Simon Property Group during the third quarter valued at $52,000. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Stock Performance

SPG stock opened at $180.01 on Friday. Simon Property Group, Inc. has a 1-year low of $139.25 and a 1-year high of $186.00. The company has a current ratio of 1.28, a quick ratio of 2.00 and a debt-to-equity ratio of 7.19. The firm has a market cap of $58.73 billion, a PE ratio of 24.79, a P/E/G ratio of 9.58 and a beta of 1.74. The business’s 50-day moving average price is $175.57 and its two-hundred day moving average price is $170.19.

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

Simon Property Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a dividend of $2.10 per share. The ex-dividend date is Monday, March 10th. This represents a $8.40 dividend on an annualized basis and a dividend yield of 4.67%. Simon Property Group’s payout ratio is 115.70%.

Insider Activity at Simon Property Group

In other news, Director Reuben S. Leibowitz bought 465 shares of the business’s stock in a transaction on Monday, December 30th. The shares were purchased at an average price of $168.59 per share, for a total transaction of $78,394.35. Following the purchase, the director now owns 55,919 shares of the company’s stock, valued at approximately $9,427,384.21. The trade was a 0.84 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on SPG shares. Mizuho lifted their price objective on Simon Property Group from $158.00 to $182.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Jefferies Financial Group raised shares of Simon Property Group from a “hold” rating to a “buy” rating and boosted their price target for the stock from $179.00 to $198.00 in a research note on Thursday, January 2nd. Piper Sandler raised shares of Simon Property Group from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $175.00 to $205.00 in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Simon Property Group in a research report on Tuesday, December 17th. They set a “hold” rating and a $195.00 target price for the company. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $175.10.

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.