According to the most recent Form 13F filing that was submitted to the Securities and Exchange Commission (SEC), a shareholder of Simon Property Group, Inc. (NYSE: SPG), named Hamilton Wealth LLC, increased its stake in the company’s stock by 6.4% in the third quarter. This information was gleaned from the filing that was made with the SEC. The institutional investor has a total of 57,119 shares of the real estate investment trust stock in their possession after making additional purchases of 3,435 shares during the period in question. This brings the total number of shares that they own up to 57,119. Regarding the total assets held by Hamilton Wealth LLC, Simon Property Group is the 16th largest shareholder. Simon Property Group holds this position. The most recent report that Hamilton Wealth LLC submitted to the Securities and Exchange Commission (SEC) revealed that the company owned a stake in Simon Property Group with a value of $5,160,000.
As a further consequence of these modifications, the total number of shares of stock that institutional investors and other hedge funds collectively own in the company has also been modified accordingly. AMI Investment Management Inc. increased the amount of Simon Property Group stock owned by 1.2% over the first three months of 2018. AMI Investment Management Inc. now has 17,576 real estate investment trust shares following the purchase of 204 additional shares during the most recent quarter. The value of the company’s entire holding of 17,576 shares of the real estate investment trust is now $2,312,000. Raymond James Trust N.A. increased the amount of Simon Property Group stock it held by 9.8 percentage points over the year’s first three months. Raymond James Trust N.A. is the owner of 4,138 shares of the real estate investment trust as of the close of trading on today’s market. These shares have a market value of $544,000 thanks to purchasing of 371 additional shares during the most recent fiscal quarter. Blair William & Co., IL, was able to amass a 56.8 percent increase in its holdings of Simon Property Group over the first three months of 2018. Blair William & Co. IL has increased the value of its holdings by $7,271,000 by purchasing an additional 20,022 shares of the real estate investment trust’s stock since the beginning of this quarter. This brings the total value of its holdings to $7,271,000. Prudential PLC spent approximately 642,000 dollars during the first three months of this year to acquire a new interest in Simon Property Group. And finally, Dakota Wealth Management made a new investment in Simon Property Group for $390,00 during the first three months of this year. There are a variety of institutional investors, including hedge funds, that collectively hold a total of 83.89% of the company’s shares.
In recent press releases, several equity analysts have recently provided their thoughts on the SPG stock and how it should be traded.
Piper Sandler raised the price target they had set for a share of Simon Property Group from $130.00 to $145.00 in a research report published on Tuesday. The report was about the company. Evercore ISI announced in a research note published on Wednesday, December 13, December 13, that they were increasing their price objective on shares of Simon Property Group from $100.00 to $120.00. The previous price objective for these shares was $100.00. Citigroup increased its price target on shares of Simon Property Group from $100.00 to $120.00 in a research note published on Wednesday, December 14. Wolfe Research began covering the shares of Simon Property Group on Tuesday, October 18, in a research note published and distributed that same day. Their report rated the stock as “peer perform,” which indicates that it is performing similarly to other stocks. At long last, on October 12, StockNews.com published a research report announcing that it would begin providing coverage on shares of Simon Property Group. They advised their clients to “hold” the stock moving forward. Five equity research analysts have issued a recommendation to purchase company shares, while seven analysts have advised investors to maintain their current company stock holdings. The information that Bloomberg provided indicates that the prevalent opinion regarding Simon Property Group is to “hold” their shares and to establish their price goal at $130.00.
The NYSE SPG finished the trading day on Wednesday with a loss of $1.51 for $123.51. The volume of shares typically traded by the company is 1,636,395; today, only 26,666 shares were traded. This is a significantly lower number than the typical volume. Simon Property Group, Inc. reached a low point over the past year of $86.02, while the company reached a high point over the past year of $154.89. The stock’s moving average over the past 50 days is $118.57, and its moving average over the past 200 days is $108.01. As of right now, the company’s share price has a market value of $40.38 billion, a price-to-earnings ratio of 20.87, a price-to-earnings-growth ratio of 2.73, and a beta value of 1.47. The debt-to-equity ratio was calculated to be 7.17, the quick ratio was calculated to be 0.98, and the current ratio was also calculated to be 0.98.
In addition, the company declared a quarterly dividend, which was paid out on the Friday after December 30 (December 30). Investors with a record date of Friday, December 9, were eligible to receive a dividend payment of $1.80, distributed on Monday, December 12. As of December 8 December 8, it was considered that this dividend had been paid out in its entirety. An increase can be attributed to the fact that Simon Property Group’s most recent quarterly dividend consisted of a total payment of $1.75; as a result, this situation has improved. The dividend yield comes to 5.83 percent, and the annual dividend is 7.20 dollars. A 120.20 percent dividend payout ratio (DPR) has been established for The Simon Property Group.
The Standard & Poor’s 100 Index includes the real estate investment trust Simon, which owns upscale shopping malls, restaurants, entertainment venues, and mixed-use buildings. The company is also included in the index. (Simon Property Group, ticker symbol on the NYSE: SPG) Our locations in North America, Europe, and Asia welcome millions of customers every single business day, resulting in annual revenue of billions of dollars.