<div id="readability-page-1"><p>Harvest Portfolios Group Inc. raised its holdings in shares of  Simon Property Group, Inc. (NYSE:SPG - Free Report) by 139.5% in the third quarter, according to the company in its most recent filing with the Securities &amp; Exchange Commission. The institutional investor  owned 5,592 shares of the real estate investment trust's stock after purchasing an additional 3,257 shares during the quarter. Harvest Portfolios Group Inc.'s holdings in Simon Property Group were worth $945,000 at the end of the most recent quarter.</p><div><p><span></span><span>Get <strong>Simon Property Group</strong> alerts:</span></p></div><ul><li>3 High-Yield Stocks to Lock in Steady Income This Quarter</li></ul><p>Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Clearstead Trust LLC acquired a new stake in  Simon Property Group in the first quarter valued at $25,000.  Opal Wealth Advisors LLC acquired a new position in shares of  Simon Property Group during the second quarter valued at $25,000.  EntryPoint Capital LLC bought a new position in  Simon Property Group in the 1st quarter worth about $26,000.  Wetzel Investment Advisors Inc. acquired a new stake in  Simon Property Group in the 2nd quarter valued at approximately $27,000.  Finally, RFP Financial Group LLC increased its holdings in shares of  Simon Property Group by 727.3% during the second quarter. RFP Financial Group LLC now owns 182 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 160 shares during the period. 93.01% of the stock is currently owned by hedge funds and other institutional investors. </p><h2>Insider Transactions at Simon Property Group</h2><p>In related news, Director Allan B. Hubbard bought 370 shares of Simon Property Group stock in a transaction that occurred on Monday, September 30th. The stock was purchased at an average cost of $167.30 per share, for a total transaction of $61,901.00. Following the acquisition, the director now owns 34,301 shares in the company, valued at $5,738,557.30. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 8.60% of the stock is currently owned by corporate insiders. </p><h2>Simon Property Group Trading Down 0.4 %</h2><ul><li>Simon Property REIT: A Safe Bet for Growth and Steady Dividends</li></ul><p>Shares of NYSE SPG opened at $173.61 on Thursday. The business has a 50 day simple moving average of $168.89 and a 200 day simple moving average of $157.07. Simon Property Group, Inc. has a 52 week low of $113.40 and a 52 week high of $178.71. The stock has a market cap of $56.60 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 9.79 and a beta of 1.74. The company has a debt-to-equity ratio of 8.20, a quick ratio of 2.04 and a current ratio of 2.00. </p><p>Simon Property Group (NYSE:SPG - Get Free Report) last announced its quarterly 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 business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the company earned $3.20 EPS. The business's revenue for the quarter was up 4.9% compared to the same quarter last year.  On average, research analysts predict that  Simon Property Group, Inc. will post 12.83 earnings per share for the current fiscal year. </p><h2>Simon Property Group Increases Dividend</h2><ul><li>3 Stocks Increasing Dividend Payouts Ahead of Interest Rate Cuts</li></ul><p>The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be given a $2.10 dividend. The ex-dividend date is Monday, December 9th. This represents a $8.40 dividend on an annualized basis and a dividend yield of 4.84%. This is a boost from Simon Property Group's previous quarterly dividend of $2.05. Simon Property Group's payout ratio is currently 109.19%. </p><h2>Analysts Set New Price Targets</h2><p>SPG has been the topic of a number of research analyst reports. Evercore ISI upgraded shares of Simon Property Group from an &#34;in-line&#34; rating to an &#34;outperform&#34; rating and raised their price objective for the company from $160.00 to $172.00 in a research note on Monday, September 16th. Truist Financial lifted their price objective on shares of Simon Property Group from $147.00 to $158.00 and gave the stock a &#34;hold&#34; rating in a research note on Wednesday, August 28th. Stifel Nicolaus  reissued a &#34;hold&#34; rating and set a $159.00 price objective (up from $157.50) on shares of Simon Property Group in a research note on Thursday, September 12th. StockNews.com cut shares of Simon Property Group from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a report on Thursday, October 10th. Finally, Mizuho increased their target price on Simon Property Group from $155.00 to $158.00 and gave the company a &#34;neutral&#34; rating in a report on Monday, August 19th. Seven 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.com, the stock presently has an average rating of &#34;Hold&#34; and a consensus target price of $162.78.</p><p><b>View Our Latest Analysis on SPG</b></p><h2>Simon Property Group Company Profile</h2> (Free Report)<p>Simon Property Group, Inc <span>NYSE: SPG<span></span></span> 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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Simon Property Group</li><li>There Are Different Types of Stock To Invest In</li><li>What a Trump Win Looks Like for the Market Now and Into 2025</li><li>What is a Secondary Public Offering? What Investors Need to Know</li><li>Russell 2000 Surge Post-Election: How to Play the Small-Cap Pop</li><li>Profitably Trade Stocks at 52-Week Highs</li><li>Macro Headwinds Send Microchip Technology Stock to the Buy Zone</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNQRw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNQRw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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<p>Harvest Portfolios Group Inc. increased its stake in Simon Property Group, Inc. (NYSE:SPG) by 139.5% in Q3, owning 5,592 shares after acquiring 3,257 additional shares. Other institutional investors also bought shares, with 93.01% of the stock held by them. Director Allan B. Hubbard purchased 370 shares, raising his total to 34,301. Simon Property Group's stock opened at $93.61, with a market cap of $60.60 billion. The company reported an EPS of $1.46, missing estimates, and declared a quarterly dividend of $1.10, yielding 4.84%.</p>

Simon Property Group, Inc. (NYSE:SPG) Shares Acquired by Harvest Portfolios Group Inc.