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

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

Several other large investors also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of Simon Property Group by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,637,529 shares of the real estate investment trust’s stock valued at $626,419,000 after buying an additional 64,418 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Simon Property Group by 617.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,191,296 shares of the real estate investment trust’s stock valued at $539,393,000 after buying an additional 2,746,503 shares during the last quarter. Smead Capital Management Inc. boosted its holdings in shares of Simon Property Group by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 2,620,355 shares of the real estate investment trust’s stock valued at $442,892,000 after buying an additional 88,378 shares during the last quarter. Amundi boosted its holdings in shares of Simon Property Group by 10.5% in the 4th quarter. Amundi now owns 1,728,738 shares of the real estate investment trust’s stock valued at $301,088,000 after buying an additional 163,764 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Simon Property Group by 7.7% in the 4th quarter. Principal Financial Group Inc. now owns 1,376,194 shares of the real estate investment trust’s stock valued at $236,995,000 after buying an additional 98,366 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Simon Property Group Stock Performance

NYSE:SPG opened at $164.70 on Wednesday. The business’s 50-day moving average price is $176.70 and its two-hundred day moving average price is $174.47. Simon Property Group, Inc. has a twelve month low of $139.25 and a twelve month high of $190.14. The stock has a market cap of $53.74 billion, a P/E ratio of 22.69, a PEG 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 announced its quarterly earnings data 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 return on equity of 74.02% and a net margin of 41.49%. As a group, equities analysts predict that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a $2.10 dividend. This represents a $8.40 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date is Monday, March 10th. Simon Property Group’s payout ratio is presently 115.70%.

Insider Activity

In other Simon Property Group news, Director Reuben S. Leibowitz bought 465 shares of Simon Property Group stock in a transaction on Monday, December 30th. The stock was acquired at an average price of $168.59 per share, with a total value of $78,394.35. Following the acquisition, the director now owns 55,919 shares in the company, valued at approximately $9,427,384.21. This trade represents a 0.84 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SPG shares. Mizuho raised their price target on Simon Property Group from $158.00 to $182.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Jefferies Financial Group raised Simon Property Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from $179.00 to $198.00 in a report on Thursday, January 2nd. Scotiabank set a $186.00 target price on Simon Property Group in a report on Friday, February 28th. Deutsche Bank Aktiengesellschaft initiated coverage on Simon Property Group in a research report on Tuesday, December 17th. They issued a “hold” rating and a $195.00 price target on the stock. Finally, StockNews.com cut Simon Property Group from a “buy” rating to a “hold” rating in a research report 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 company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $180.33.

About Simon Property Group

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.