Barclays PLC Has $165.45 Million Stake in Simon Property Group, Inc. (NYSE:SPG)

Barclays PLC lessened its holdings in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 11.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 978,900 shares of the real estate investment trust's stock after selling 130,075 shares during the quarter. Barclays PLC owned approximately 0.30% of Simon Property Group worth $165,453,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Simon Property Group by 617.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,191,296 shares of the real estate investment trust's stock worth $539,393,000 after acquiring an additional 2,746,503 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in Simon Property Group by 373.6% in the 3rd quarter. Los Angeles Capital Management LLC now owns 1,259,648 shares of the real estate investment trust's stock valued at $212,906,000 after acquiring an additional 993,694 shares during the period. International Assets Investment Management LLC lifted its position in Simon Property Group by 18,764.1% during the third quarter. International Assets Investment Management LLC now owns 892,085 shares of the real estate investment trust's stock worth $150,780,000 after acquiring an additional 887,356 shares during the last quarter. Mizuho Securities USA LLC boosted its holdings in shares of Simon Property Group by 2,520.3% during the third quarter. Mizuho Securities USA LLC now owns 658,191 shares of the real estate investment trust's stock worth $111,247,000 after acquiring an additional 633,072 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in shares of Simon Property Group by 295.3% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 655,300 shares of the real estate investment trust's stock valued at $110,759,000 after purchasing an additional 489,519 shares during the last quarter. Institutional investors own 93.01% of the company's stock.

Simon Property Group Price Performance

Shares of NYSE SPG traded down $2.65 during midday trading on Wednesday, reaching $176.58. 1,776,959 shares of the company were exchanged, compared to its average volume of 1,447,467. The stock's 50-day moving average price is $176.12 and its 200-day moving average price is $163.15. The stock has a market cap of $57.61 billion, a P/E ratio of 23.72, a PEG ratio of 10.75 and a beta of 1.75. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 8.20. Simon Property Group, Inc. has a one year low of $133.11 and a one year high of $186.00.

Simon Property Group (NYSE:SPG - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.00 by ($1.54). The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.32 billion. Simon Property Group had a net margin of 43.36% and a return on equity of 76.21%. The business's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $3.20 EPS. On average, sell-side analysts anticipate that Simon Property Group, Inc. will post 12.76 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be paid a $2.10 dividend. This is a positive change from Simon Property Group's previous quarterly dividend of $2.05. This represents a $8.40 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date is Monday, December 9th. Simon Property Group's payout ratio is currently 109.19%.

Insider Transactions at Simon Property Group

In other news, Director Allan B. Hubbard bought 370 shares of the firm's stock in a transaction that occurred on Monday, September 30th. The stock was acquired at an average cost of $167.30 per share, with a total value of $61,901.00. Following the transaction, the director now directly owns 34,301 shares of the company's stock, valued at approximately $5,738,557.30. This represents a 1.09 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 8.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SPG shares. Stifel Nicolaus restated a "hold" rating and issued a $159.00 price target (up from $157.50) on shares of Simon Property Group in a research note on Thursday, September 12th. Truist Financial increased their target price on Simon Property Group from $147.00 to $158.00 and gave the stock a "hold" rating in a report on Wednesday, August 28th. Mizuho boosted their price target on Simon Property Group from $158.00 to $182.00 and gave the company a "neutral" rating in a research note on Wednesday, December 4th. Evercore ISI upgraded shares of Simon Property Group from an "in-line" rating to an "outperform" rating and increased their price objective for the stock from $160.00 to $172.00 in a research note on Monday, September 16th. Finally, StockNews.com cut shares of Simon Property Group from a "buy" rating to a "hold" rating in a research report on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Simon Property Group currently has a consensus rating of "Hold" and a consensus target price of $165.44.

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.