Simon Property Group, Inc. (NYSE:SPG) Shares Purchased by Baird Financial Group Inc.

Baird Financial Group Inc. raised its holdings in Simon Property Group, Inc. (NYSE:SPG) by 0.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 40,265 shares of the real estate investment trust’s stock after buying an additional 140 shares during the quarter. Baird Financial Group Inc.’s holdings in Simon Property Group were worth $6,934,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hopwood Financial Services Inc. acquired a new position in Simon Property Group during the fourth quarter worth about $28,000. WR Wealth Planners LLC raised its holdings in 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 during the last quarter. New England Capital Financial Advisors LLC purchased a new stake in Simon Property Group during the fourth quarter worth $30,000. Caisse Des Depots ET Consignations acquired a new stake in Simon Property Group in the fourth quarter valued at $31,000. Finally, TCTC Holdings LLC acquired a new position in shares of Simon Property Group during the 4th quarter worth $34,000. 93.01% of the stock is owned by institutional investors and hedge funds.

Simon Property Group Price Performance

Simon Property Group stock opened at $162.99 on Friday. Simon Property Group, Inc. has a 1 year low of $136.34 and a 1 year high of $190.14. The firm has a 50 day moving average price of $159.21 and a 200 day moving average price of $171.25. The company has a market cap of $53.18 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 10.10 and a beta of 1.43. 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 announced its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $1.70. Simon Property Group had a net margin of 41.49% and a return on equity of 74.02%. Sell-side analysts predict that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Stifel Nicolaus upgraded shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $168.50 target price for the company in a report on Wednesday, April 9th. Piper Sandler upgraded Simon Property Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $175.00 to $205.00 in a research report on Wednesday, February 5th. Scotiabank lowered their target price on Simon Property Group from $186.00 to $159.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 23rd. Finally, StockNews.com cut Simon Property Group from a “buy” rating to a “hold” rating in a report on Saturday, March 29th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $178.39.

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.