Lighthouse Investment Partners LLC Boosts Stock Holdings in Simon Property Group, Inc. (NYSE:SPG)

Lighthouse Investment Partners LLC grew its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 43.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 115,000 shares of the real estate investment trust’s stock after purchasing an additional 35,000 shares during the quarter. Simon Property Group comprises 0.7% of Lighthouse Investment Partners LLC’s portfolio, making the stock its 29th biggest holding. Lighthouse Investment Partners LLC’s holdings in Simon Property Group were worth $19,804,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SPG. Hopwood Financial Services Inc. purchased a new position in Simon Property Group during the 4th quarter worth $28,000. WR Wealth Planners LLC boosted its holdings in shares of Simon Property Group by 328.2% in the 4th quarter. WR Wealth Planners LLC now owns 167 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 128 shares during the last quarter. New England Capital Financial Advisors LLC purchased a new position in shares of Simon Property Group in the 4th quarter worth about $30,000. Caisse Des Depots ET Consignations purchased a new position in shares of Simon Property Group in the 4th quarter worth about $31,000. Finally, TCTC Holdings LLC purchased a new position in shares of Simon Property Group in the 4th quarter worth about $34,000. 93.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SPG shares. StockNews.com downgraded shares of Simon Property Group from a “buy” rating to a “hold” rating in a report on Saturday, March 29th. Piper Sandler raised shares of Simon Property Group from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $175.00 to $205.00 in a report on Wednesday, February 5th. Scotiabank cut their price target on shares of Simon Property Group from $186.00 to $159.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 23rd. Finally, Stifel Nicolaus raised shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $168.50 price target on the stock in a report on Wednesday, April 9th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $178.39.

Simon Property Group Trading Up 0.2%

Shares of Simon Property Group stock opened at $163.26 on Monday. Simon Property Group, Inc. has a 52-week low of $136.34 and a 52-week high of $190.14. The stock’s 50-day simple moving average is $158.81 and its 200 day simple moving average is $171.14. The stock has a market capitalization of $53.27 billion, a P/E ratio of 22.49, a P/E/G ratio of 10.10 and a beta of 1.43. The company has a debt-to-equity ratio of 7.19, a quick ratio of 2.00 and a current ratio of 1.28.

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.