Aviva PLC Boosts Stock Holdings in Simon Property Group, Inc. (NYSE:SPG)

Aviva PLC lifted its position in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 9.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,538 shares of the real estate investment trust's stock after purchasing an additional 2,428 shares during the period. Aviva PLC's holdings in Simon Property Group were worth $4,742,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Hopwood Financial Services Inc. purchased a new position in shares of Simon Property Group in the 4th quarter worth approximately $28,000. WR Wealth Planners LLC increased its position in shares of Simon Property Group by 328.2% during the fourth quarter. WR Wealth Planners LLC now owns 167 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 128 shares in the last quarter. New England Capital Financial Advisors LLC purchased a new stake in shares of Simon Property Group during the 4th quarter valued at $30,000. Caisse Des Depots ET Consignations acquired a new stake in shares of Simon Property Group in the 4th quarter worth $31,000. Finally, TCTC Holdings LLC purchased a new position in Simon Property Group during the 4th quarter worth $34,000. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Simon Property Group Stock Performance

NYSE SPG traded up $0.69 during mid-day trading on Tuesday, reaching $150.56. 243,238 shares of the stock were exchanged, compared to its average volume of 1,495,834. The company has a market capitalization of $49.12 billion, a P/E ratio of 20.72, a P/E/G ratio of 10.10 and a beta of 1.45. 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 business's 50 day moving average is $169.49 and its 200-day moving average is $173.17. Simon Property Group, Inc. has a 1 year low of $136.34 and a 1 year high of $190.14.

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Simon Property Group (NYSE:SPG - Get Free Report) last posted its earnings results on Tuesday, February 4th. The real estate investment trust reported $3.68 EPS for the quarter, beating 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%. On average, equities research analysts forecast that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were paid a $2.10 dividend. The ex-dividend date was Monday, March 10th. This represents a $8.40 dividend on an annualized basis and a yield of 5.58%. Simon Property Group's dividend payout ratio is currently 115.70%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Piper Sandler raised Simon Property Group from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $175.00 to $205.00 in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Simon Property Group in a research note on Tuesday, December 17th. They set a "hold" rating and a $195.00 price target on the stock. Stifel Nicolaus upgraded shares of Simon Property Group from a "hold" rating to a "buy" rating and set a $168.50 price objective for the company in a research note on Wednesday, April 9th. Jefferies Financial Group raised Simon Property Group from a "hold" rating to a "buy" rating and upped their target price for the company from $179.00 to $198.00 in a research report on Thursday, January 2nd. Finally, StockNews.com downgraded Simon Property Group from a "buy" rating to a "hold" rating in a report on Saturday, March 29th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $181.39.

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.