![]() increased its stake in shares of Simon Property Group by 9.8% during the first quarter. now owns 17,576 shares of the real estate investment trust’s stock worth $2,312,000 after purchasing an additional 204 shares during the period. increased its stake in Simon Property Group by 1.2% in the first quarter. Institutional Trading of Simon Property GroupĪ number of hedge funds and other institutional investors have recently bought and sold shares of SPG. Simon Property Group’s dividend payout ratio (DPR) is presently 115.50%. This represents a $7.60 dividend on an annualized basis and a yield of 6.69%. The ex-dividend date is Thursday, September 7th. This is a positive change from Simon Property Group’s previous quarterly dividend of $1.85. Shareholders of record on Friday, September 8th will be paid a $1.90 dividend. The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Simon Property Group has a 1-year low of $86.02 and a 1-year high of $133.08. The stock has a market cap of $37.15 billion, a price-to-earnings ratio of 17.26, a price-to-earnings-growth ratio of 4.56 and a beta of 1.53. The company’s 50 day moving average is $117.96 and its 200 day moving average is $113.60. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 7.67. Based on data from, the stock presently has an average rating of Moderate Buy and an average price target of $128.36. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Finally, Mizuho decreased their price target on shares of Simon Property Group from $116.00 to $106.00 in a research note on Friday, May 26th. assumed coverage on shares of Simon Property Group in a research note on Thursday, August 17th. Stifel Nicolaus lifted their price target on shares of Simon Property Group from $130.00 to $139.00 in a research note on Wednesday, July 12th. Wolfe Research upgraded shares of Simon Property Group from a peer perform rating to an outperform rating and set a $127.00 price objective on the stock in a research report on Wednesday, July 5th. SPG has been the topic of several other reports. The brokerage currently has a hold rating on the real estate investment trust’s stock. ![]() The primary services provided by the company include allowing customers and clients to obtain various kinds of commercial real estate services, that are all offered by the company itself.Simon Property Group ( NYSE:SPG – Free Report) had its target price lowered by Truist Financial from $130.00 to $125.00 in a report published on Tuesday morning, Marketbeat reports. Also, the number of employees working in the company, as of the year 2017, is more than 4,100. As of the year 2016, the total revenue generated by the company is more than $5.4 billion. As of the current date, the CEO and chairman of the company are David E Simon. Simon Property Group is an American company that focuses on the establishment of various kinds of shopping malls and lifestyle centres with the help of its real estate investment trust. The name of the place is Indianapolis, while the name of the state is Indiana, USA. The headquarters of the company is based in 225 West Washington Street. Then in the year 2013, the company had announced that it would be forming a real estate trust investment of its smaller sized shopping malls and also its community shopping centres as well. In the year 2011, Simon entered into a partnership with Nintendo to provide complimentary 3DS Wi-Fi hotspots at nearly 200 of its malls. Then in the year 2007, the company had taken over Mills Corporation. In the year 2003, the company had become the co-owner of The Kravco Company. The company has been a constant acquirer of various types of shopping centres during the last half of the 1990s and also the early 2000s as well. In the year 1998, the company had taken over Corporate Property Investors. In the year 1996, Simon DeBartolo Group was created when Simon Property merged with former rival DeBartolo Realty Corp. The company has its origin back in the year 1960 when Melvin Simon & Associates was established. The founders of the company were Herbert Simon and Melvin Simon. The company has been active for almost 26 years now. Simon Property Group was founded in the year 1993.
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