Boston Partners Purchases 162,764 Shares of Simon Property Group, Inc. (NYSE:SPG)

Boston Partners lifted its holdings in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,504,500 shares of the real estate investment trust's stock after acquiring an additional 162,764 shares during the quarter. Boston Partners owned approximately 0.77% of Simon Property Group worth $431,304,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPG. OneDigital Investment Advisors LLC raised its holdings in shares of Simon Property Group by 3.0% during the third quarter. OneDigital Investment Advisors LLC now owns 6,509 shares of the real estate investment trust's stock valued at $1,100,000 after acquiring an additional 190 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Simon Property Group by 3.4% in the third quarter. CIBC Asset Management Inc now owns 45,308 shares of the real estate investment trust's stock worth $7,658,000 after purchasing an additional 1,506 shares in the last quarter. Natixis Advisors LLC raised its holdings in Simon Property Group by 4.6% in the third quarter. Natixis Advisors LLC now owns 185,955 shares of the real estate investment trust's stock worth $31,430,000 after purchasing an additional 8,156 shares in the last quarter. Napa Wealth Management bought a new position in Simon Property Group in the third quarter worth $261,000. Finally, Caprock Group LLC raised its holdings in Simon Property Group by 207.8% in the third quarter. Caprock Group LLC now owns 15,665 shares of the real estate investment trust's stock worth $2,648,000 after purchasing an additional 10,575 shares in the last quarter. Institutional investors own 93.01% of the company's stock.

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Insider Activity at Simon Property Group

In other Simon Property Group news, Director Reuben S. Leibowitz acquired 465 shares of the company's stock in a transaction that occurred on Monday, December 30th. The shares were bought at an average cost of $168.59 per share, with a total value of $78,394.35. Following the completion of the transaction, the director now directly owns 55,919 shares of the company's stock, valued at approximately $9,427,384.21. This represents a 0.84 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.60% of the stock is currently owned by insiders.

Simon Property Group Stock Performance

Shares of Simon Property Group stock traded down $2.33 during trading on Friday, hitting $162.12. 3,094,006 shares of the company's stock traded hands, compared to its average volume of 1,342,376. The company has a debt-to-equity ratio of 7.19, a current ratio of 1.28 and a quick ratio of 2.00. Simon Property Group, Inc. has a 1 year low of $139.25 and a 1 year high of $190.14. The stock has a market capitalization of $52.90 billion, a P/E ratio of 22.33, a PEG ratio of 10.10 and a beta of 1.78. The business has a 50-day simple moving average of $176.11 and a 200-day simple moving average of $174.30.

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 EPS for the quarter, beating 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%. As a group, analysts forecast that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $2.10 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $8.40 annualized dividend and a dividend yield of 5.18%. Simon Property Group's dividend payout ratio (DPR) is presently 115.70%.

Analysts Set New Price Targets

A number of research firms have issued reports on SPG. StockNews.com upgraded Simon Property Group from a "hold" rating to a "buy" rating in a report on Friday. Mizuho increased their price objective on Simon Property Group from $158.00 to $182.00 and gave the stock a "neutral" rating in a report on Wednesday, December 4th. Scotiabank set a $186.00 price objective on Simon Property Group in a report on Friday, February 28th. Piper Sandler raised Simon Property Group from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $175.00 to $205.00 in a research note on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Simon Property Group in a research note on Tuesday, December 17th. They issued a "hold" rating and a $195.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $180.33.

About Simon Property Group

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.