Nebula Research & Development LLC Invests $1.11 Million in Simon Property Group, Inc. (NYSE:SPG)

Nebula Research & Development LLC acquired a new stake in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,433 shares of the real estate investment trust's stock, valued at approximately $1,108,000.

A number of other large investors have also recently made changes to their positions in SPG. Hopwood Financial Services Inc. purchased a new stake in Simon Property Group in the 4th quarter worth about $28,000. WR Wealth Planners LLC increased its stake in Simon Property Group by 328.2% in the fourth quarter. WR Wealth Planners LLC now owns 167 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 128 shares during the period. New England Capital Financial Advisors LLC bought a new stake in shares of Simon Property Group during the fourth quarter worth $30,000. Caisse Des Depots ET Consignations purchased a new stake in shares of Simon Property Group during the fourth quarter valued at $31,000. Finally, TCTC Holdings LLC bought a new position in shares of Simon Property Group in the fourth quarter worth about $34,000. 93.01% of the stock is currently owned by institutional investors.

Simon Property Group Trading Up 0.3 %

Shares of Simon Property Group stock traded up $0.52 during mid-day trading on Wednesday, hitting $157.32. 2,279,625 shares of the stock were exchanged, compared to its average volume of 1,519,161. The company has a 50-day simple moving average of $162.59 and a 200 day simple moving average of $171.91. 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 stock has a market capitalization of $51.33 billion, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 10.10 and a beta of 1.45. Simon Property Group, Inc. has a twelve month low of $136.34 and a twelve month high of $190.14.

Simon Property Group (NYSE:SPG - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $1.70. Simon Property Group had a net margin of 41.49% and a return on equity of 74.02%. Research analysts forecast that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued a dividend of $2.10 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $8.40 dividend on an annualized basis and a dividend yield of 5.34%. Simon Property Group's dividend payout ratio (DPR) is 115.70%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Stifel Nicolaus upgraded shares of Simon Property Group from a "hold" rating to a "buy" rating and set a $168.50 target price on the stock in a report on Wednesday, April 9th. Scotiabank lowered their target price on 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. StockNews.com cut Simon Property Group from a "buy" rating to a "hold" rating in a research note on Saturday, March 29th. Jefferies Financial Group raised Simon Property Group from a "hold" rating to a "buy" rating and raised their price objective for the company from $179.00 to $198.00 in a research report on Thursday, January 2nd. Finally, Piper Sandler upgraded shares of Simon Property Group from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $175.00 to $205.00 in a report on Wednesday, February 5th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $178.39.

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.