Augustine Asset Management Inc. Has $302,000 Stock Holdings in Simon Property Group, Inc. (NYSE:SPG)

Augustine Asset Management Inc. trimmed its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,751 shares of the real estate investment trust’s stock after selling 69 shares during the period. Augustine Asset Management Inc.’s holdings in Simon Property Group were worth $302,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. CWM LLC boosted its stake in shares of Simon Property Group by 3.3% during the 3rd quarter. CWM LLC now owns 9,382 shares of the real estate investment trust’s stock worth $1,586,000 after acquiring an additional 302 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Simon Property Group by 107.5% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 413 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 214 shares in the last quarter. Creative Planning grew its holdings in shares of Simon Property Group by 4.9% during the 3rd quarter. Creative Planning now owns 79,678 shares of the real estate investment trust’s stock worth $13,467,000 after purchasing an additional 3,696 shares in the last quarter. TTP Investments Inc. increased its holdings in Simon Property Group by 42.0% in the 3rd quarter. TTP Investments Inc. now owns 34,290 shares of the real estate investment trust’s stock valued at $5,796,000 after buying an additional 10,147 shares during the period. Finally, Hutchens & Kramer Investment Management Group LLC raised its stake in shares of Simon Property Group by 4.0% in the 3rd quarter. Hutchens & Kramer Investment Management Group LLC now owns 2,473 shares of the real estate investment trust’s stock valued at $419,000 after buying an additional 95 shares in the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Simon Property Group Stock Performance

Shares of Simon Property Group stock opened at $184.37 on Wednesday. Simon Property Group, Inc. has a 12 month low of $139.25 and a 12 month high of $186.00. 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 market capitalization of $60.16 billion, a PE ratio of 25.40, a PEG ratio of 9.58 and a beta of 1.74. The stock’s fifty day simple moving average is $175.48 and its 200 day simple moving average is $170.80.

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

Simon Property Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a dividend of $2.10 per share. The ex-dividend date is Monday, March 10th. This represents a $8.40 dividend on an annualized basis and a dividend yield of 4.56%. Simon Property Group’s payout ratio is 115.70%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SPG. Deutsche Bank Aktiengesellschaft began coverage on shares of Simon Property Group in a research report on Tuesday, December 17th. They set a “hold” rating and a $195.00 target price on the stock. Jefferies Financial Group raised Simon Property Group from a “hold” rating to a “buy” rating and lifted their price objective for the company from $179.00 to $198.00 in a report on Thursday, January 2nd. Mizuho increased their target price on Simon Property Group from $158.00 to $182.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Finally, Piper Sandler upgraded shares of Simon Property Group from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $175.00 to $205.00 in a research note on Wednesday, February 5th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Simon Property Group presently has a consensus rating of “Hold” and a consensus price target of $175.10.

Insider Buying and Selling

In other news, Director Reuben S. Leibowitz bought 465 shares of the business’s stock in a transaction on Monday, December 30th. The shares were purchased at an average price of $168.59 per share, for a total transaction of $78,394.35. Following the purchase, the director now owns 55,919 shares of the company’s stock, valued at approximately $9,427,384.21. The trade was a 0.84 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.50% of the company’s stock.

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.