Machina Capital S.A.S. Buys Shares of 6,285 Simon Property Group, Inc. (NYSE:SPG)

Machina Capital S.A.S. bought a new position in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,285 shares of the real estate investment trust's stock, valued at approximately $1,044,000.

Several other institutional investors have also recently bought and sold shares of the business. Park Square Financial Group LLC boosted its holdings in Simon Property Group by 108.0% in the first quarter. Park Square Financial Group LLC now owns 156 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 81 shares during the last quarter. Richardson Financial Services Inc. raised its position in shares of Simon Property Group by 185.0% during the first quarter. Richardson Financial Services Inc. now owns 171 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 111 shares during the period. Caisse Des Depots ET Consignations acquired a new position in shares of Simon Property Group during the fourth quarter worth approximately $31,000. Continuum Advisory LLC raised its position in Simon Property Group by 421.6% in the 1st quarter. Continuum Advisory LLC now owns 193 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 156 shares during the last quarter. Finally, Colonial Trust Co SC raised its position in Simon Property Group by 37.5% in the 4th quarter. Colonial Trust Co SC now owns 209 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 57 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company's stock.

Insider Transactions at Simon Property Group

In other Simon Property Group news, Director Larry C. Glasscock purchased 396 shares of Simon Property Group stock in a transaction dated Monday, June 30th. The shares were purchased at an average cost of $159.29 per share, for a total transaction of $63,078.84. Following the completion of the acquisition, the director owned 43,185 shares in the company, valued at $6,878,938.65. This represents a 0.93% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Reuben S. Leibowitz purchased 522 shares of Simon Property Group stock in a transaction dated Monday, June 30th. The stock was acquired at an average price of $159.29 per share, for a total transaction of $83,149.38. Following the completion of the acquisition, the director owned 58,195 shares of the company's stock, valued at approximately $9,269,881.55. This trade represents a 0.91% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 2,386 shares of company stock valued at $380,066. Company insiders own 8.66% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Scotiabank upped their price objective on Simon Property Group from $159.00 to $163.00 and gave the company a "sector perform" rating in a research note on Tuesday, June 17th. Stifel Nicolaus raised their price target on Simon Property Group from $168.50 to $180.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. lowered their price target on Simon Property Group from $192.00 to $180.00 and set a "neutral" rating on the stock in a report on Thursday, May 22nd. LADENBURG THALM/SH SH started coverage on Simon Property Group in a report on Friday, July 18th. They issued a "buy" rating and a $225.00 price target on the stock. Finally, Mizuho decreased their price objective on Simon Property Group from $182.00 to $169.00 and set a "neutral" rating on the stock in a report on Tuesday, June 10th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Simon Property Group presently has a consensus rating of "Hold" and an average target price of $182.73.

Simon Property Group Trading Up 1.2%

SPG stock traded up $2.03 during midday trading on Friday, reaching $166.99. 1,374,659 shares of the company traded hands, compared to its average volume of 1,349,636. Simon Property Group, Inc. has a 52-week low of $136.34 and a 52-week high of $190.13. The company has a debt-to-equity ratio of 8.29, a quick ratio of 1.45 and a current ratio of 1.45. The business has a 50 day moving average of $161.43 and a 200-day moving average of $165.47. The firm has a market capitalization of $54.51 billion, a price-to-earnings ratio of 26.59, a P/E/G ratio of 11.14 and a beta of 1.43.

Simon Property Group (NYSE:SPG - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The real estate investment trust reported $2.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.91 by $0.04. Simon Property Group had a return on equity of 67.32% and a net margin of 35.98%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the business posted $3.56 earnings per share. The company's quarterly revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts expect that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 9th were issued a $2.10 dividend. The ex-dividend date of this dividend was Monday, June 9th. This represents a $8.40 annualized dividend and a dividend yield of 5.03%. Simon Property Group's payout ratio is 133.76%.

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.