Simon Property Group, Inc. (NYSE:SPG) is Foundry Partners LLC's 8th Largest Position

Foundry Partners LLC increased its position in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 4.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 173,571 shares of the real estate investment trust's stock after buying an additional 7,374 shares during the quarter. Simon Property Group accounts for approximately 1.5% of Foundry Partners LLC's investment portfolio, making the stock its 8th largest position. Foundry Partners LLC owned approximately 0.05% of Simon Property Group worth $28,827,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Park Square Financial Group LLC boosted its holdings in shares of Simon Property Group by 108.0% during the 1st quarter. Park Square Financial Group LLC now owns 156 shares of the real estate investment trust's stock worth $26,000 after buying an additional 81 shares in the last quarter. Caisse Des Depots ET Consignations purchased a new stake in shares of Simon Property Group during the 4th quarter valued at $31,000. Continuum Advisory LLC increased its holdings 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 worth $32,000 after acquiring an additional 156 shares during the last quarter. Colonial Trust Co SC increased its holdings 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 worth $36,000 after acquiring an additional 57 shares during the last quarter. Finally, AdvisorNet Financial Inc boosted its stake in Simon Property Group by 77.2% in the 1st quarter. AdvisorNet Financial Inc now owns 218 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 95 shares during the period. Institutional investors and hedge funds own 93.01% of the company's stock.

Insider Buying and Selling

In other news, Director Glyn Aeppel acquired 234 shares of the company's stock in a transaction dated Monday, June 30th. The stock was acquired at an average cost of $159.29 per share, with a total value of $37,273.86. Following the completion of the purchase, the director owned 19,057 shares of the company's stock, valued at $3,035,589.53. This represents a 1.24% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Larry C. Glasscock bought 396 shares of the stock in a transaction that occurred on Monday, June 30th. The shares were bought at an average cost 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 in the company, valued at $6,878,938.65. This represents a 0.93% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 2,386 shares of company stock valued at $380,066 in the last 90 days. Corporate insiders own 8.66% of the company's stock.

Simon Property Group Trading Down 0.0%

Shares of Simon Property Group stock traded down $0.03 on Friday, reaching $162.70. The company had a trading volume of 949,875 shares, compared to its average volume of 1,547,391. The firm has a market cap of $53.11 billion, a price-to-earnings ratio of 25.91, a P/E/G ratio of 10.98 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 50-day moving average price is $161.32 and its two-hundred day moving average price is $165.72. Simon Property Group, Inc. has a 1 year low of $136.34 and a 1 year 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 (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 company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.34 billion. During the same quarter in the previous year, the business earned $3.56 EPS. Simon Property Group's revenue was up 2.1% compared to the same quarter last year. As a group, research analysts predict that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 9th were issued a $2.10 dividend. This represents a $8.40 annualized dividend and a yield of 5.16%. The ex-dividend date was Monday, June 9th. Simon Property Group's payout ratio is currently 133.76%.

Analyst Ratings Changes

A number of brokerages have commented on SPG. JPMorgan Chase & Co. decreased their price target on Simon Property Group from $192.00 to $180.00 and set a "neutral" rating on the stock in a research note on Thursday, May 22nd. Barclays began coverage on Simon Property Group in a report on Wednesday, July 2nd. They set an "equal weight" rating and a $170.00 price target on the stock. Scotiabank increased their target price on Simon Property Group from $159.00 to $163.00 and gave the company a "sector perform" rating in a report on Tuesday, June 17th. Mizuho reduced their price target on Simon Property Group from $182.00 to $169.00 and set a "neutral" rating for the company in a research report on Tuesday, June 10th. Finally, Wall Street Zen cut Simon Property Group from a "buy" rating to a "hold" rating in a research report on Saturday, March 29th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $182.73.

About Simon Property Group

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.