Oxford Financial Group LTD. LLC Purchases 173 Shares of Simon Property Group, Inc. (NYSE:SPG)

Oxford Financial Group LTD. LLC grew its holdings in Simon Property Group, Inc. (NYSE:SPG) by 5.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,090 shares of the real estate investment trust’s stock after acquiring an additional 173 shares during the quarter. Oxford Financial Group LTD. LLC’s holdings in Simon Property Group were worth $532,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SPG. Prospera Financial Services Inc raised its position in shares of Simon Property Group by 61.8% in the third quarter. Prospera Financial Services Inc now owns 17,858 shares of the real estate investment trust’s stock valued at $3,019,000 after buying an additional 6,819 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in Simon Property Group by 3.5% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 3,554 shares of the real estate investment trust’s stock valued at $601,000 after acquiring an additional 120 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Simon Property Group during the 3rd quarter valued at $1,590,000. PNC Financial Services Group Inc. grew its holdings in shares of Simon Property Group by 51.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 335,906 shares of the real estate investment trust’s stock worth $56,775,000 after purchasing an additional 114,088 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Simon Property Group by 126.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,279 shares of the real estate investment trust’s stock worth $1,568,000 after purchasing an additional 5,177 shares during the period. 93.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SPG has been the topic of a number of analyst reports. StockNews.com downgraded shares of Simon Property Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Mizuho lifted their price objective on shares of Simon Property Group from $158.00 to $182.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Jefferies Financial Group upgraded shares of Simon Property Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $179.00 to $198.00 in a research report on Thursday, January 2nd. Scotiabank set a $186.00 price target on Simon Property Group in a research note on Friday, February 28th. Finally, Piper Sandler upgraded Simon Property Group from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $175.00 to $205.00 in a research report on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $180.33.

Simon Property Group Stock Performance

NYSE:SPG opened at $164.36 on Friday. Simon Property Group, Inc. has a fifty-two week low of $139.25 and a fifty-two week high of $190.14. The company has a 50 day simple moving average of $176.29 and a two-hundred day simple moving average of $174.33. The company has a market capitalization of $53.63 billion, a PE ratio of 22.64, a P/E/G ratio of 10.10 and a beta of 1.78. The company has a debt-to-equity ratio of 7.19, a quick ratio of 2.00 and a current ratio of 1.28.

Simon Property Group (NYSE:SPG) last issued its earnings results on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $1.70. Simon Property Group had a return on equity of 74.02% and a net margin of 41.49%. Research analysts anticipate 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 declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $2.10 dividend. This represents a $8.40 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date of this dividend is Monday, March 10th. Simon Property Group’s payout ratio is 115.70%.

Insider Buying and Selling at Simon Property Group

In related news, Director Reuben S. Leibowitz acquired 465 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were bought at an average price of $168.59 per share, with a total value of $78,394.35. Following the transaction, the director now directly owns 55,919 shares of the company’s stock, valued at $9,427,384.21. This trade represents a 0.84 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 8.60% of the company’s stock.

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.