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Jefferies Financial Group Inc. Has $390,000 Stock Position in Simon Property Group, Inc. (NYSE:SPG)

Simon Property Group logo with Finance background

Jefferies Financial Group Inc. lessened its holdings in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 83.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,267 shares of the real estate investment trust's stock after selling 11,030 shares during the period. Jefferies Financial Group Inc.'s holdings in Simon Property Group were worth $390,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Fifth Third Wealth Advisors LLC increased its position in Simon Property Group by 2.4% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 3,639 shares of the real estate investment trust's stock valued at $627,000 after acquiring an additional 85 shares in the last quarter. Park Avenue Securities LLC raised its position in Simon Property Group by 0.6% in the 4th quarter. Park Avenue Securities LLC now owns 12,420 shares of the real estate investment trust's stock worth $2,139,000 after purchasing an additional 71 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Simon Property Group by 23.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 508 shares of the real estate investment trust's stock worth $88,000 after acquiring an additional 95 shares during the last quarter. Burney Co. raised its position in shares of Simon Property Group by 42.7% during the fourth quarter. Burney Co. now owns 2,251 shares of the real estate investment trust's stock worth $388,000 after acquiring an additional 674 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in shares of Simon Property Group by 1.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 8,309 shares of the real estate investment trust's stock valued at $1,431,000 after acquiring an additional 90 shares during the period. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on SPG shares. Scotiabank lowered their target price on shares of Simon Property Group from $186.00 to $159.00 and set a "sector perform" rating for the company in a report on Wednesday, April 23rd. Piper Sandler raised 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. Wall Street Zen lowered Simon Property Group from a "buy" rating to a "hold" rating in a research note on Saturday, March 29th. JPMorgan Chase & Co. reduced their target price on Simon Property Group from $192.00 to $180.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, Stifel Nicolaus upped their price target on Simon Property Group from $168.50 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $179.70.

Check Out Our Latest Stock Report on SPG

Simon Property Group Stock Down 0.5%

Shares of NYSE:SPG traded down $0.74 during trading on Thursday, hitting $157.38. 411,555 shares of the company's stock traded hands, compared to its average volume of 1,677,151. The company has a current ratio of 1.28, a quick ratio of 2.00 and a debt-to-equity ratio of 7.19. The company has a 50-day moving average price of $158.08 and a 200-day moving average price of $170.73. Simon Property Group, Inc. has a 52 week low of $136.34 and a 52 week high of $190.13. The company has a market cap of $51.37 billion, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 10.10 and a beta of 1.43.

Simon Property Group (NYSE:SPG - Get Free Report) last announced its quarterly earnings results 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. Simon Property Group had a net margin of 41.49% and a return on equity of 74.02%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the firm posted $3.56 earnings per share. The business's revenue was up 2.1% on a year-over-year basis. As a group, research analysts forecast that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 9th will be paid a $2.10 dividend. This represents a $8.40 annualized dividend and a dividend yield of 5.34%. The ex-dividend date is Monday, June 9th. Simon Property Group's dividend payout ratio is 133.76%.

Simon Property Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Simon Property Group (NYSE:SPG)

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