Simon Property Group, Inc. (NYSE:SPG) Stock Holdings Cut by Natixis

Natixis lessened its position in Simon Property Group, Inc. (NYSE:SPG) by 41.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 178,334 shares of the real estate investment trust’s stock after selling 128,214 shares during the period. Natixis’ holdings in Simon Property Group were worth $30,711,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SPG. Norges Bank acquired a new stake in Simon Property Group in the 4th quarter valued at about $2,059,505,000. Geode Capital Management LLC grew its position in Simon Property Group by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 9,160,242 shares of the real estate investment trust’s stock worth $1,577,600,000 after buying an additional 230,982 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Simon Property Group by 5.5% in the fourth quarter. JPMorgan Chase & Co. now owns 4,710,538 shares of the real estate investment trust’s stock valued at $811,202,000 after buying an additional 246,630 shares in the last quarter. Invesco Ltd. lifted its position in shares of Simon Property Group by 14.8% during the 4th quarter. Invesco Ltd. now owns 4,216,575 shares of the real estate investment trust’s stock valued at $726,136,000 after acquiring an additional 542,511 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Simon Property Group by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,637,529 shares of the real estate investment trust’s stock worth $626,419,000 after acquiring an additional 64,418 shares in the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Piper Sandler raised Simon Property Group from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $175.00 to $205.00 in a research report on Wednesday, February 5th. Jefferies Financial Group raised shares of Simon Property Group from a “hold” rating to a “buy” rating and upped their price objective for the company from $179.00 to $198.00 in a research note on Thursday, January 2nd. Scotiabank set a $186.00 target price on shares of Simon Property Group in a research report on Friday, February 28th. StockNews.com downgraded shares of Simon Property Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 29th. Finally, Stifel Nicolaus upgraded Simon Property Group from a “hold” rating to a “buy” rating and set a $168.50 target price for the company in a report on Wednesday, April 9th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Simon Property Group has a consensus rating of “Moderate Buy” and an average price target of $181.39.

Simon Property Group Stock Performance

SPG opened at $150.31 on Friday. The stock has a 50-day moving average of $166.96 and a 200-day moving average of $172.57. Simon Property Group, Inc. has a 52-week low of $136.34 and a 52-week high of $190.14. The company has a debt-to-equity ratio of 7.19, a quick ratio of 2.00 and a current ratio of 1.28. The company has a market cap of $49.04 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 10.10 and a beta of 1.45.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $3.68 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $1.70. Simon Property Group had a return on equity of 74.02% and a net margin of 41.49%. As a group, equities research analysts forecast that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were given a $2.10 dividend. The ex-dividend date was Monday, March 10th. This represents a $8.40 annualized dividend and a yield of 5.59%. Simon Property Group’s dividend payout ratio is 115.70%.

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.