Simon Property Group, Inc. (NYSE:SPG) Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC trimmed its holdings in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 32.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,870 shares of the real estate investment trust's stock after selling 2,388 shares during the quarter. Kintegral Advisory LLC's holdings in Simon Property Group were worth $809,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Hopwood Financial Services Inc. purchased a new position in Simon Property Group during the fourth quarter valued at approximately $28,000. Caisse Des Depots ET Consignations purchased a new position in Simon Property Group during the fourth quarter valued at approximately $31,000. Continuum Advisory LLC lifted its holdings in Simon Property Group by 421.6% during the first quarter. Continuum Advisory LLC now owns 193 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 156 shares in the last quarter. TCTC Holdings LLC purchased a new position in shares of Simon Property Group in the fourth quarter worth $34,000. Finally, Colonial Trust Co SC lifted its holdings in shares of Simon Property Group by 37.5% in the fourth quarter. Colonial Trust Co SC now owns 209 shares of the real estate investment trust's stock worth $36,000 after buying an additional 57 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SPG shares. Piper Sandler lowered their target price on shares of Simon Property Group from $205.00 to $200.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Stifel Nicolaus boosted their target price on shares of Simon Property Group from $168.50 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Barclays started coverage on shares of Simon Property Group in a report on Wednesday, July 2nd. They issued an "equal weight" rating and a $170.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on shares of Simon Property Group from $192.00 to $180.00 and set a "neutral" rating on the stock in a report on Thursday, May 22nd. Finally, Scotiabank boosted their target price on shares of Simon Property Group from $159.00 to $163.00 and gave the stock a "sector perform" rating in a report on Tuesday, June 17th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $178.50.

Simon Property Group Price Performance

Simon Property Group stock traded down $1.56 during mid-day trading on Tuesday, reaching $163.48. 1,790,376 shares of the company's stock traded hands, compared to its average volume of 1,546,619. The company has a market cap of $53.36 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 9.20 and a beta of 1.43. The stock has a 50 day moving average of $161.11 and a two-hundred day moving average of $166.29. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 8.29. 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 posted its quarterly earnings data on Monday, May 12th. The real estate investment trust reported $2.95 earnings per share for the quarter, beating analysts' consensus estimates of $2.91 by $0.04. The business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.34 billion. Simon Property Group had a net margin of 35.98% and a return on equity of 67.32%. The business's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.56 earnings per share. Equities analysts forecast that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders 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 yield of 5.14%. The ex-dividend date was Monday, June 9th. Simon Property Group's dividend payout ratio (DPR) is 133.76%.

Insider Buying and Selling at Simon Property Group

In other Simon Property Group news, Director Larry C. Glasscock bought 396 shares of the business's stock in a transaction on Monday, June 30th. The shares were acquired at an average price of $159.29 per share, with a total value of $63,078.84. Following the transaction, the director owned 43,185 shares of the company's stock, valued at approximately $6,878,938.65. This trade represents a 0.93% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Gary M. Rodkin bought 246 shares of the company's stock in a transaction on Monday, June 30th. The shares were bought at an average cost of $159.29 per share, for a total transaction of $39,185.34. Following the transaction, the director owned 19,010 shares in the company, valued at $3,028,102.90. The trade was a 1.31% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 2,386 shares of company stock worth $380,066. 8.60% of the stock is currently owned by company insiders.

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.