Banco Bilbao Vizcaya Argentaria S.A. Has $6.74 Million Stake in Simon Property Group, Inc. (NYSE:SPG)

Banco Bilbao Vizcaya Argentaria S.A. lessened its holdings in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,165 shares of the real estate investment trust's stock after selling 2,656 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Simon Property Group were worth $6,744,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Norges Bank bought a new stake in Simon Property Group in the 4th quarter valued at about $2,059,505,000. Capital World Investors bought a new stake in shares of Simon Property Group during the fourth quarter valued at approximately $119,777,000. Hamlin Capital Management LLC acquired a new position in shares of Simon Property Group during the fourth quarter worth approximately $109,403,000. KBC Group NV grew its stake in shares of Simon Property Group by 170.3% in the fourth quarter. KBC Group NV now owns 880,309 shares of the real estate investment trust's stock worth $151,597,000 after purchasing an additional 554,605 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Simon Property Group by 14.8% during the fourth quarter. Invesco Ltd. now owns 4,216,575 shares of the real estate investment trust's stock valued at $726,136,000 after purchasing an additional 542,511 shares during the period. Institutional investors own 93.01% of the company's stock.

Simon Property Group Stock Up 1.4 %

NYSE:SPG traded up $2.12 during trading hours on Monday, hitting $158.78. 1,551,689 shares of the company's stock traded hands, compared to its average volume of 1,515,428. Simon Property Group, Inc. has a twelve month low of $136.34 and a twelve month high of $190.14. The firm has a market cap of $51.81 billion, a P/E ratio of 21.87, 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 stock's fifty day moving average price is $163.19 and its two-hundred day moving average price is $172.01.

Simon Property Group (NYSE:SPG - Get Free Report) last issued its earnings results on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share 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, research 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 declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were issued a dividend of $2.10 per share. This represents a $8.40 annualized dividend and a dividend yield of 5.29%. The ex-dividend date of this dividend was Monday, March 10th. Simon Property Group's dividend payout ratio is currently 115.70%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Scotiabank dropped 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 research report on Wednesday, April 23rd. 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 research report on Wednesday, April 9th. StockNews.com cut Simon Property Group from a "buy" rating to a "hold" rating in a research report on Saturday, March 29th. Piper Sandler upgraded shares of Simon Property Group from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $175.00 to $205.00 in a report on Wednesday, February 5th. Finally, Jefferies Financial Group raised Simon Property Group from a "hold" rating to a "buy" rating and upped their price target for the company from $179.00 to $198.00 in a 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. 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 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.