Simon Property Group, Inc. (NYSE:SPG) Shares Purchased by Capital Advisors Inc. OK

Capital Advisors Inc. OK boosted its position in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 22.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 391,692 shares of the real estate investment trust's stock after acquiring an additional 71,456 shares during the period. Simon Property Group comprises approximately 1.3% of Capital Advisors Inc. OK's holdings, making the stock its 19th biggest holding. Capital Advisors Inc. OK owned 0.12% of Simon Property Group worth $65,052,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Pitcairn Co. grew its holdings in Simon Property Group by 0.6% in the fourth quarter. Pitcairn Co. now owns 9,895 shares of the real estate investment trust's stock valued at $1,704,000 after purchasing an additional 55 shares during the period. Colonial Trust Co SC boosted its holdings in shares of 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 purchasing an additional 57 shares during the last quarter. HighPoint Advisor Group LLC boosted its holdings in shares of Simon Property Group by 1.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 3,396 shares of the real estate investment trust's stock valued at $626,000 after purchasing an additional 60 shares during the last quarter. Signaturefd LLC grew its stake in shares of Simon Property Group by 1.3% during the 4th quarter. Signaturefd LLC now owns 5,542 shares of the real estate investment trust's stock valued at $954,000 after buying an additional 71 shares during the period. Finally, Aspiriant LLC increased its holdings in shares of Simon Property Group by 1.3% during the 1st quarter. Aspiriant LLC now owns 5,851 shares of the real estate investment trust's stock worth $972,000 after buying an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 93.01% of the company's stock.

Simon Property Group Stock Down 1.1%

SPG traded down $1.87 during trading hours on Monday, reaching $164.87. 1,277,549 shares of the stock traded hands, compared to its average volume of 1,542,594. Simon Property Group, Inc. has a fifty-two week low of $136.34 and a fifty-two week high of $190.14. The company has a market cap of $53.82 billion, a price-to-earnings ratio of 26.25, a PEG ratio of 9.30 and a beta of 1.43. The company has a debt-to-equity ratio of 8.29, a current ratio of 1.45 and a quick ratio of 1.45. The firm's fifty day simple moving average is $160.86 and its two-hundred day simple moving average is $166.36.

Simon Property Group (NYSE:SPG - Get Free Report) last announced its earnings results on Monday, May 12th. The real estate investment trust reported $2.95 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the firm earned $3.56 earnings per share. The company's revenue was up 2.1% on a year-over-year basis. As a group, analysts forecast that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 9th were given a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date was Monday, June 9th. Simon Property Group's payout ratio is currently 133.76%.

Insiders Place Their Bets

In related news, Director Reuben S. Leibowitz purchased 522 shares of Simon Property Group stock in a transaction dated Monday, June 30th. The shares were acquired at an average price of $159.29 per share, with a total value of $83,149.38. Following the completion of the transaction, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Larry C. Glasscock purchased 396 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The stock was purchased at an average price of $159.29 per share, with a total value of $63,078.84. Following the completion of the purchase, the director directly owned 43,185 shares of the company's stock, valued at approximately $6,878,938.65. This represents a 0.93% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 2,386 shares of company stock valued at $380,066. 8.60% of the stock is owned by insiders.

Analysts Set New Price Targets

SPG has been the topic of a number of research analyst reports. Mizuho reduced their target price 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. Wall Street Zen cut Simon Property Group from a "buy" rating to a "hold" rating in a report on Saturday, March 29th. Scotiabank lifted their price target on shares of Simon Property Group from $159.00 to $163.00 and gave the company a "sector perform" rating in a research report on Tuesday, June 17th. Barclays began coverage on shares of Simon Property Group in a research report on Wednesday, July 2nd. They issued an "equal weight" rating and a $170.00 price objective for the company. Finally, Stifel Nicolaus upped their price target on shares of Simon Property Group from $168.50 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $178.50.

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.