Catalina Capital Group LLC Boosts Holdings in Simon Property Group, Inc. (NYSE:SPG)

Catalina Capital Group LLC grew its position in Simon Property Group, Inc. (NYSE:SPG) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,104 shares of the real estate investment trust’s stock after purchasing an additional 118 shares during the quarter. Catalina Capital Group LLC’s holdings in Simon Property Group were worth $362,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in SPG. Capital Performance Advisors LLP acquired a new stake in Simon Property Group during the 3rd quarter worth about $30,000. Synergy Asset Management LLC purchased a new stake in Simon Property Group during the 4th quarter worth approximately $41,000. Eastern Bank acquired a new position in Simon Property Group in the 3rd quarter valued at $42,000. Ashton Thomas Securities LLC acquired a new stake in shares of Simon Property Group in the third quarter valued at about $52,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Simon Property Group by 107.5% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 413 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 214 shares during the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SPG. Jefferies Financial Group upgraded Simon Property Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $179.00 to $198.00 in a research report on Thursday, January 2nd. Mizuho raised their target price on Simon Property Group from $158.00 to $182.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft assumed coverage on Simon Property Group in a research report on Tuesday, December 17th. They issued a “hold” rating and a $195.00 price target on the stock. Finally, StockNews.com cut shares of Simon Property Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Simon Property Group has an average rating of “Hold” and an average target price of $172.10.

Simon Property Group Stock Down 0.2 %

SPG opened at $173.47 on Tuesday. Simon Property Group, Inc. has a 12 month low of $135.15 and a 12 month high of $186.00. The stock has a market cap of $56.60 billion, a P/E ratio of 23.10, a P/E/G ratio of 9.31 and a beta of 1.74. The stock’s 50 day moving average price is $176.08 and its 200 day moving average price is $169.77. 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 (NYSE:SPG) last announced its earnings results on Friday, November 1st. The real estate investment trust reported $1.46 EPS for the quarter, missing the consensus estimate of $3.00 by ($1.54). Simon Property Group had a return on equity of 76.21% and a net margin of 43.36%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the business earned $3.20 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, research analysts predict that Simon Property Group, Inc. will post 12.72 earnings per share for the current year.

Insider Activity at Simon Property Group

In other news, Director Reuben S. Leibowitz acquired 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 8.60% of the company’s stock.

Simon Property Group Profile

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.