Capital Advisors Inc. OK Has $37.08 Million Holdings in Simon Property Group, Inc. (NYSE:SPG)

Capital Advisors Inc. OK raised its stake in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 259,978 shares of the real estate investment trust's stock after purchasing an additional 8,173 shares during the period. Capital Advisors Inc. OK owned 0.08% of Simon Property Group worth $37,083,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Arlington Trust Co LLC acquired a new position in shares of Simon Property Group in the 3rd quarter valued at about $25,000. DT Investment Partners LLC lifted its position in Simon Property Group by 714.3% during the third quarter. DT Investment Partners LLC now owns 228 shares of the real estate investment trust's stock valued at $25,000 after buying an additional 200 shares in the last quarter. Selway Asset Management purchased a new stake in Simon Property Group during the third quarter worth approximately $26,000. Financial Freedom LLC acquired a new stake in shares of Simon Property Group in the fourth quarter worth $27,000. Finally, Tyler Stone Wealth Management purchased a new position in shares of Simon Property Group in the 2nd quarter valued at $27,000. Hedge funds and other institutional investors own 93.01% of the company's stock.

Simon Property Group Stock Down 1.4 %

Shares of Simon Property Group stock traded down $2.05 during trading on Friday, reaching $144.81. The company had a trading volume of 1,128,051 shares, compared to its average volume of 1,348,426. The company has a debt-to-equity ratio of 7.54, a quick ratio of 1.77 and a current ratio of 1.77. Simon Property Group, Inc. has a fifty-two week low of $100.17 and a fifty-two week high of $157.82. The firm's fifty day moving average is $149.56 and its 200-day moving average is $134.50. The company has a market cap of $47.19 billion, a price-to-earnings ratio of 20.75, a price-to-earnings-growth ratio of 7.71 and a beta of 1.65.

Simon Property Group (NYSE:SPG - Get Free Report) last released its earnings results on Monday, February 5th. The real estate investment trust reported $2.29 EPS for the quarter, missing analysts' consensus estimates of $3.34 by ($1.05). Simon Property Group had a return on equity of 70.97% and a net margin of 42.30%. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the business earned $3.15 EPS. The company's quarterly revenue was up 9.1% on a year-over-year basis. On average, analysts anticipate that Simon Property Group, Inc. will post 12.06 EPS for the current year.

Simon Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were paid a dividend of $1.95 per share. This is a positive change from Simon Property Group's previous quarterly dividend of $1.90. The ex-dividend date was Thursday, March 7th. This represents a $7.80 annualized dividend and a yield of 5.39%. Simon Property Group's payout ratio is presently 111.75%.

Simon Property Group declared that its Board of Directors has approved a share buyback program on Thursday, February 8th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 4.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several analysts recently issued reports on SPG shares. Truist Financial increased their price target on Simon Property Group from $139.00 to $147.00 and gave the company a "hold" rating in a report on Friday, March 22nd. Morgan Stanley increased their price objective on shares of Simon Property Group from $143.00 to $145.00 and gave the company an "equal weight" rating in a research report on Monday, February 26th. Evercore ISI upped their target price on shares of Simon Property Group from $142.00 to $150.00 and gave the company an "in-line" rating in a research note on Wednesday, February 28th. Piper Sandler lifted their price target on shares of Simon Property Group from $148.00 to $172.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 20th. Finally, The Goldman Sachs Group upped their price objective on shares of Simon Property Group from $144.00 to $161.00 and gave the company a "buy" rating in a research report on Thursday, December 21st. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $140.22.

About Simon Property Group

Simon is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.