Alpha DNA Investment Management LLC Purchases Shares of 784 Simon Property Group, Inc. (NYSE:SPG)

Alpha DNA Investment Management LLC purchased a new stake in shares of Simon Property Group, Inc. (NYSE:SPG) in the 4th quarter, HoldingsChannel reports. The fund purchased 784 shares of the real estate investment trust’s stock, valued at approximately $66,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Berman Capital Advisors LLC increased its position in shares of Simon Property Group by 13.1% during the 4th quarter. Berman Capital Advisors LLC now owns 1,046 shares of the real estate investment trust’s stock worth $88,000 after purchasing an additional 121 shares during the last quarter. Glenmede Trust Co. NA grew its position in Simon Property Group by 3.4% in the 4th quarter. Glenmede Trust Co. NA now owns 3,849 shares of the real estate investment trust’s stock valued at $327,000 after acquiring an additional 128 shares in the last quarter. Penserra Capital Management LLC grew its position in Simon Property Group by 26.7% in the 4th quarter. Penserra Capital Management LLC now owns 646 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 136 shares in the last quarter. World Asset Management Inc grew its position in Simon Property Group by 1.2% in the 4th quarter. World Asset Management Inc now owns 12,941 shares of the real estate investment trust’s stock valued at $1,104,000 after acquiring an additional 149 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its position in Simon Property Group by 1.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 12,959 shares of the real estate investment trust’s stock valued at $1,105,000 after acquiring an additional 177 shares in the last quarter. 88.23% of the stock is owned by institutional investors and hedge funds.

Shares of SPG stock opened at $117.01 on Thursday. The business’s fifty day moving average price is $113.89 and its 200 day moving average price is $89.15. Simon Property Group, Inc. has a 1-year low of $47.25 and a 1-year high of $121.92. The firm has a market capitalization of $38.44 billion, a PE ratio of 26.59, a P/E/G ratio of 1.87 and a beta of 1.51. The company has a debt-to-equity ratio of 12.74, a current ratio of 1.95 and a quick ratio of 1.95.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Sunday, February 7th. The real estate investment trust reported $0.86 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.19 by ($1.33). Simon Property Group had a return on equity of 56.28% and a net margin of 27.22%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the company earned $1.66 EPS. The company’s revenue was down 24.0% on a year-over-year basis. Equities research analysts expect that Simon Property Group, Inc. will post 9.18 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 23rd. Shareholders of record on Friday, April 9th will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.44%. The ex-dividend date of this dividend is Thursday, April 8th. Simon Property Group’s dividend payout ratio (DPR) is 43.19%.

Several equities analysts have weighed in on SPG shares. Zacks Investment Research raised Simon Property Group from a “sell” rating to a “hold” rating and set a $92.00 target price for the company in a research report on Monday, January 11th. Morgan Stanley boosted their price objective on Simon Property Group from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price objective on Simon Property Group from $104.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, February 25th. BTIG Research boosted their price objective on Simon Property Group from $99.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 9th. Finally, Compass Point boosted their target price on Simon Property Group from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, January 20th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. Simon Property Group has a consensus rating of “Hold” and a consensus target price of $94.59.

Simon Property Group Company Profile

Simon Property Group, Inc operates as a self-administered and self-managed real estate investment trust. It owns, develops and manages retail real estate properties which primarily consist of regional malls, premium outlets and mills. Simon Property Group specializes in the ownership, development, management, leasing, acquisition and expansion of income-producing retail real estate assets.

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Institutional Ownership by Quarter for Simon Property Group (NYSE:SPG)

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