Childress Capital Advisors LLC Raises Holdings in Simon Property Group, Inc. (NYSE:SPG)

Childress Capital Advisors LLC grew its stake in Simon Property Group, Inc. (NYSE:SPG) by 3.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,689 shares of the real estate investment trust’s stock after buying an additional 58 shares during the quarter. Childress Capital Advisors LLC’s holdings in Simon Property Group were worth $291,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in Simon Property Group in the third quarter worth approximately $30,000. Synergy Asset Management LLC acquired a new stake in shares of Simon Property Group in the 4th quarter valued at $41,000. Eastern Bank purchased a new stake in shares of Simon Property Group during the 3rd quarter worth $42,000. Ashton Thomas Securities LLC acquired a new position in shares of Simon Property Group during the third quarter worth $52,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in 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 buying an additional 214 shares during the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.

Simon Property Group Stock Performance

Shares of SPG opened at $173.47 on Tuesday. The company’s 50 day simple moving average is $176.08 and its 200-day simple moving average is $169.77. The firm has a market cap of $56.60 billion, a PE ratio of 23.10, a price-to-earnings-growth ratio of 9.31 and a beta of 1.74. Simon Property Group, Inc. has a 12-month low of $135.15 and a 12-month high of $186.00. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 8.20.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Friday, November 1st. The real estate investment trust reported $1.46 earnings per share (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 business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the business posted $3.20 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, equities analysts predict that Simon Property Group, Inc. will post 12.72 EPS for the current year.

Analyst Ratings Changes

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

Insider Transactions at Simon Property Group

In related news, Director Reuben S. Leibowitz purchased 465 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was acquired at an average price of $168.59 per share, for a total transaction of $78,394.35. Following the completion of the purchase, the director now directly owns 55,919 shares of the company’s stock, valued at $9,427,384.21. This trade represents a 0.84 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.60% of the company’s stock.

Simon Property Group Company 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.