Captrust Financial Advisors Sells 460 Shares of Simon Property Group, Inc. (NYSE:SPG)

Captrust Financial Advisors decreased its position in Simon Property Group, Inc. (NYSE:SPG) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,283 shares of the real estate investment trust’s stock after selling 460 shares during the quarter. Captrust Financial Advisors’ holdings in Simon Property Group were worth $3,837,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SPG. Fulton Bank N.A. purchased a new stake in Simon Property Group in the 4th quarter valued at about $346,000. First Hawaiian Bank increased its position in shares of Simon Property Group by 35.0% during the fourth quarter. First Hawaiian Bank now owns 5,294 shares of the real estate investment trust’s stock valued at $912,000 after acquiring an additional 1,372 shares during the last quarter. ORG Partners LLC increased its position in shares of Simon Property Group by 13.0% during the fourth quarter. ORG Partners LLC now owns 3,403 shares of the real estate investment trust’s stock valued at $587,000 after acquiring an additional 391 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Simon Property Group by 2.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 6,343 shares of the real estate investment trust’s stock worth $1,092,000 after acquiring an additional 154 shares during the period. Finally, Czech National Bank grew its stake in Simon Property Group by 6.5% in the 4th quarter. Czech National Bank now owns 66,498 shares of the real estate investment trust’s stock valued at $11,452,000 after purchasing an additional 4,067 shares during the period. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. StockNews.com cut Simon Property Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 29th. Stifel Nicolaus raised 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 research report on Wednesday, April 9th. Scotiabank reduced their target price on shares of Simon Property Group from $186.00 to $159.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 23rd. Finally, Piper Sandler raised shares of Simon Property Group from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $175.00 to $205.00 in a report on Wednesday, February 5th. Five investment 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 stock presently has a consensus rating of “Moderate Buy” and an average target price of $178.39.

Simon Property Group Stock Up 0.2 %

Simon Property Group stock opened at $163.26 on Friday. The firm has a 50 day simple moving average of $158.81 and a 200 day simple moving average of $171.17. 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, Inc. has a 1-year low of $136.34 and a 1-year high of $190.14. The firm has a market capitalization of $53.27 billion, a price-to-earnings ratio of 22.49, a P/E/G ratio of 10.10 and a beta of 1.43.

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

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.