Simon Property Group, Inc. (NYSE:SPG) Shares Acquired by Crestline Management LP

Crestline Management LP grew its position in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 1,622.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,168 shares of the real estate investment trust's stock after buying an additional 34,068 shares during the quarter. Crestline Management LP's holdings in Simon Property Group were worth $6,228,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hopwood Financial Services Inc. bought a new stake in shares of Simon Property Group in the 4th quarter worth $28,000. WR Wealth Planners LLC increased its holdings in Simon Property Group by 328.2% in the 4th quarter. WR Wealth Planners LLC now owns 167 shares of the real estate investment trust's stock worth $29,000 after buying an additional 128 shares in the last quarter. New England Capital Financial Advisors LLC purchased a new position in Simon Property Group in the 4th quarter worth about $30,000. Caisse Des Depots ET Consignations bought a new position in Simon Property Group during the 4th quarter valued at about $31,000. Finally, TCTC Holdings LLC bought a new position in Simon Property Group during the 4th quarter valued at about $34,000. Institutional investors own 93.01% of the company's stock.

Simon Property Group Stock Up 0.2 %

SPG stock traded up $0.25 during trading on Friday, reaching $163.26. 1,612,138 shares of the company traded hands, compared to its average volume of 1,509,363. The company has a market capitalization of $53.27 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth 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. The business has a 50 day simple moving average of $158.81 and a 200 day simple moving average of $171.17. Simon Property Group, Inc. has a 12 month low of $136.34 and a 12 month high of $190.14.

Simon Property Group (NYSE:SPG - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $1.70. Simon Property Group had a net margin of 41.49% and a return on equity of 74.02%. On average, equities research analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SPG shares. Scotiabank lowered their price objective on shares of Simon Property Group from $186.00 to $159.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 23rd. Stifel Nicolaus raised Simon Property Group from a "hold" rating to a "buy" rating and set a $168.50 price target on the stock in a report on Wednesday, April 9th. StockNews.com cut shares of Simon Property Group from a "buy" rating to a "hold" rating in a research report on Saturday, March 29th. Finally, Piper Sandler raised shares of 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 note on Wednesday, February 5th. 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, Simon Property Group currently has an average rating of "Moderate Buy" and a consensus target price of $178.39.

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.