Aware Super Pty Ltd as trustee of Aware Super Invests $2.63 Million in Simon Property Group, Inc. (NYSE:SPG)

Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in Simon Property Group, Inc. (NYSE:SPG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,243 shares of the real estate investment trust's stock, valued at approximately $2,625,000.

A number of other institutional investors have also recently made changes to their positions in SPG. Morse Asset Management Inc purchased a new position in Simon Property Group in the third quarter valued at $155,000. SkyView Investment Advisors LLC increased its holdings in shares of Simon Property Group by 4.3% in the 3rd quarter. SkyView Investment Advisors LLC now owns 3,803 shares of the real estate investment trust's stock valued at $643,000 after acquiring an additional 158 shares during the last quarter. World Investment Advisors LLC increased its holdings in shares of Simon Property Group by 17.3% in the 3rd quarter. World Investment Advisors LLC now owns 3,534 shares of the real estate investment trust's stock valued at $597,000 after acquiring an additional 521 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Simon Property Group during the 3rd quarter worth about $834,000. Finally, Blankinship & Foster LLC purchased a new stake in Simon Property Group during the third quarter worth approximately $608,000. Institutional investors and hedge funds own 93.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on SPG. Piper Sandler raised Simon Property Group from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $175.00 to $205.00 in a research report on Wednesday, February 5th. Scotiabank set a $186.00 price target on shares of Simon Property Group in a research note on Friday, February 28th. StockNews.com lowered shares of Simon Property Group from a "buy" rating to a "hold" rating in a research note on Saturday, March 29th. Stifel Nicolaus upgraded shares of Simon Property Group from a "hold" rating to a "buy" rating and set a $168.50 target price for the company in a research note on Wednesday, April 9th. Finally, Jefferies Financial Group upgraded Simon Property Group from a "hold" rating to a "buy" rating and boosted their price target for the company from $179.00 to $198.00 in a research report on Thursday, January 2nd. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Simon Property Group currently has an average rating of "Moderate Buy" and an average target price of $181.39.

Simon Property Group Stock Performance

NYSE:SPG traded up $2.26 during mid-day trading on Friday, reaching $150.31. The stock had a trading volume of 1,267,314 shares, compared to its average volume of 1,502,107. Simon Property Group, Inc. has a twelve month low of $136.34 and a twelve month high of $190.14. The business has a 50 day simple moving average of $167.64 and a 200 day simple moving average of $172.71. The firm has a market capitalization of $49.04 billion, a price-to-earnings ratio of 20.70, a PEG 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.

Simon Property Group (NYSE:SPG - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate 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, analysts expect 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 announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were given a dividend of $2.10 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $8.40 annualized dividend and a yield of 5.59%. Simon Property Group's payout ratio is currently 115.70%.

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.