CFM Wealth Partners LLC Grows Position in Simon Property Group, Inc. (NYSE:SPG)

CFM Wealth Partners LLC raised its position in Simon Property Group, Inc. (NYSE:SPG) by 15.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,285 shares of the real estate investment trust’s stock after purchasing an additional 984 shares during the quarter. CFM Wealth Partners LLC’s holdings in Simon Property Group were worth $1,255,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in Simon Property Group during the 3rd quarter worth approximately $30,000. Synergy Asset Management LLC acquired a new position in Simon Property Group during the 4th quarter worth approximately $41,000. Eastern Bank acquired a new position in Simon Property Group during the 3rd quarter worth approximately $42,000. Ashton Thomas Securities LLC acquired a new position in Simon Property Group during the 3rd quarter worth approximately $52,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in Simon Property Group by 107.5% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 413 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 214 shares in the last quarter. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Simon Property Group Price Performance

Shares of SPG opened at $173.75 on Monday. The company has a market cap of $56.69 billion, a P/E ratio of 23.14, a PEG ratio of 9.31 and a beta of 1.74. The stock has a fifty day moving average price of $176.08 and a 200 day moving average price of $169.67. The company has a debt-to-equity ratio of 8.20, a current ratio of 2.00 and a quick ratio of 2.00. Simon Property Group, Inc. has a 12 month low of $135.15 and a 12 month high of $186.00.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Friday, November 1st. The real estate investment trust reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $3.00 by ($1.54). The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.32 billion. Simon Property Group had a return on equity of 76.21% and a net margin of 43.36%. Simon Property Group’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.20 earnings per share. On average, research analysts forecast that Simon Property Group, Inc. will post 12.72 earnings per share for the current year.

Insider Buying and Selling

In other Simon Property Group news, Director Reuben S. Leibowitz purchased 465 shares of Simon Property Group stock in a transaction on Monday, December 30th. The stock was bought at an average price of $168.59 per share, for a total transaction of $78,394.35. Following the transaction, the director now owns 55,919 shares of the company’s stock, valued at $9,427,384.21. The trade was a 0.84 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 8.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SPG. Deutsche Bank Aktiengesellschaft began coverage on Simon Property Group in a research report on Tuesday, December 17th. They set a “hold” rating and a $195.00 price target on the stock. StockNews.com downgraded Simon Property Group from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. Jefferies Financial Group upgraded Simon Property Group from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $179.00 to $198.00 in a report on Thursday, January 2nd. Finally, Mizuho lifted their price objective on Simon Property Group from $158.00 to $182.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $172.10.

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.