MSH Capital Advisors LLC Purchases New Shares in Simon Property Group, Inc. (NYSE:SPG)

MSH Capital Advisors LLC acquired a new position in shares of Simon Property Group, Inc. (NYSE:SPG) during the fourth quarter, HoldingsChannel reports. The fund acquired 6,114 shares of the real estate investment trust’s stock, valued at approximately $1,053,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Hopwood Financial Services Inc. bought a new stake in shares of Simon Property Group during the fourth quarter valued at approximately $28,000. WR Wealth Planners LLC boosted 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 purchasing an additional 128 shares in the last quarter. New England Capital Financial Advisors LLC bought a new stake in shares of Simon Property Group in the 4th quarter valued at $30,000. Caisse Des Depots ET Consignations bought a new stake in shares of Simon Property Group in the 4th quarter valued at $31,000. Finally, TCTC Holdings LLC acquired a new stake in Simon Property Group during the 4th quarter worth $34,000. Institutional investors and hedge funds own 93.01% of the company’s stock.

Simon Property Group Price Performance

Shares of SPG opened at $149.35 on Wednesday. Simon Property Group, Inc. has a 1-year low of $136.34 and a 1-year high of $190.14. The company has a market cap of $48.73 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 10.10 and a beta of 1.45. The company’s fifty day simple moving average is $168.88 and its 200 day simple moving average is $173.01. The company has a current ratio of 1.28, a quick ratio of 2.00 and a debt-to-equity ratio of 7.19.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share for the quarter, topping 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%. On average, research analysts forecast that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were paid a $2.10 dividend. This represents a $8.40 annualized dividend and a yield of 5.62%. The ex-dividend date was Monday, March 10th. Simon Property Group’s payout ratio is 115.70%.

Analyst Upgrades and Downgrades

SPG has been the subject of several recent analyst reports. Jefferies Financial Group upgraded Simon Property Group from a “hold” rating to a “buy” rating and increased their price target for the stock from $179.00 to $198.00 in a report on Thursday, January 2nd. Piper Sandler raised Simon Property Group from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $175.00 to $205.00 in a research note on Wednesday, February 5th. StockNews.com lowered shares of Simon Property Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 29th. Stifel Nicolaus upgraded shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $168.50 price objective on the stock in a report on Wednesday, April 9th. 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $181.39.

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.