Roundview Capital LLC Takes Position in Simon Property Group Inc (SPG)

Roundview Capital LLC bought a new stake in shares of Simon Property Group Inc (NYSE:SPG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,742 shares of the real estate investment trust’s stock, valued at approximately $643,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Parallel Advisors LLC grew its position in shares of Simon Property Group by 69.7% in the 3rd quarter. Parallel Advisors LLC now owns 772 shares of the real estate investment trust’s stock worth $124,000 after buying an additional 317 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Simon Property Group by 791.3% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,455 shares of the real estate investment trust’s stock worth $175,000 after buying an additional 4,843 shares during the last quarter. Ausdal Financial Partners Inc. purchased a new position in shares of Simon Property Group in the 3rd quarter worth approximately $204,000. Partnervest Advisory Services LLC purchased a new position in shares of Simon Property Group in the 4th quarter worth approximately $204,000. Finally, Murphy Capital Management Inc. purchased a new position in shares of Simon Property Group in the 4th quarter worth approximately $206,000. 47.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of Simon Property Group Inc (SPG) opened at $157.20 on Monday. Simon Property Group Inc has a fifty-two week low of $150.15 and a fifty-two week high of $187.35. The company has a debt-to-equity ratio of 5.87, a current ratio of 1.75 and a quick ratio of 0.93. The company has a market capitalization of $100,571.84, a price-to-earnings ratio of 25.15, a price-to-earnings-growth ratio of 2.00 and a beta of 0.55.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $3.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.12. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.45 billion. Simon Property Group had a return on equity of 44.93% and a net margin of 35.14%. The business’s revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.26 EPS. equities research analysts expect that Simon Property Group Inc will post 12 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th will be given a dividend of $1.95 per share. This represents a $7.80 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date is Tuesday, February 13th. This is a boost from Simon Property Group’s previous quarterly dividend of $1.85. Simon Property Group’s dividend payout ratio (DPR) is currently 118.40%.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Simon Property Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. ValuEngine downgraded shares of Simon Property Group from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Boenning Scattergood reaffirmed a “buy” rating and issued a $240.00 price objective on shares of Simon Property Group in a research report on Thursday, February 1st. Barclays reaffirmed a “buy” rating and issued a $190.00 price objective on shares of Simon Property Group in a research report on Wednesday, January 31st. Finally, Raymond James Financial set a $185.00 price objective on shares of Simon Property Group and gave the stock a “buy” rating in a research report on Sunday, December 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. Simon Property Group presently has an average rating of “Buy” and an average price target of $191.11.

In related news, CAO Steven K. Broadwater sold 621 shares of Simon Property Group stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $171.95, for a total transaction of $106,780.95. Following the completion of the sale, the chief accounting officer now owns 2,290 shares in the company, valued at approximately $393,765.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 8.42% of the company’s stock.

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About Simon Property Group

Simon Property Group, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. Simon Property Group, L.P. (Operating Partnership), is the Company’s partnership subsidiary that owns all of its real estate properties and other assets.

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

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