Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $29.36 Million Stock Position in Simon Property Group, Inc. (NYSE:SPG)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 38.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,474 shares of the real estate investment trust's stock after buying an additional 47,154 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.05% of Simon Property Group worth $29,357,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Simon Property Group by 617.5% in 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 purchasing an additional 2,746,503 shares during the last quarter. Hamlin Capital Management LLC acquired a new stake in shares of Simon Property Group in the 4th quarter valued at $109,403,000. KBC Group NV raised its position in shares of Simon Property Group by 170.3% during the fourth quarter. KBC Group NV now owns 880,309 shares of the real estate investment trust's stock worth $151,597,000 after acquiring an additional 554,605 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in shares of Simon Property Group by 22,608.6% during the fourth quarter. Proficio Capital Partners LLC now owns 542,281 shares of the real estate investment trust's stock valued at $93,386,000 after acquiring an additional 539,893 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Simon Property Group by 295.3% during 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 acquiring an additional 489,519 shares during the period. Institutional investors own 93.01% of the company's stock.

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Analyst Ratings Changes

A number of analysts recently commented on the company. Piper Sandler upgraded Simon Property Group from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $175.00 to $205.00 in a research report on Wednesday, February 5th. Jefferies Financial Group upgraded shares of Simon Property Group from a "hold" rating to a "buy" rating and lifted their price target for the stock from $179.00 to $198.00 in a research report on Thursday, January 2nd. StockNews.com upgraded shares of Simon Property Group from a "hold" rating to a "buy" rating in a report on Friday. Scotiabank set a $186.00 price objective on shares of Simon Property Group in a research note on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Simon Property Group in a research report on Tuesday, December 17th. They set a "hold" rating and a $195.00 target price for the company. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $180.33.

Simon Property Group Trading Down 0.1 %

Shares of NYSE SPG traded down $0.21 during midday trading on Tuesday, reaching $165.91. 1,661,777 shares of the stock were exchanged, compared to its average volume of 1,341,945. Simon Property Group, Inc. has a 12 month low of $139.25 and a 12 month high of $190.14. The company has a market capitalization of $54.13 billion, a price-to-earnings ratio of 22.85, a P/E/G ratio of 10.10 and a beta of 1.78. The company has a debt-to-equity ratio of 7.19, a current ratio of 1.28 and a quick ratio of 2.00. The business has a 50-day simple moving average of $175.98 and a two-hundred day simple moving average of $174.45.

Simon Property Group (NYSE:SPG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $3.68 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%. As a group, equities research analysts expect 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. Stockholders of record on Monday, March 10th will be issued a dividend of $2.10 per share. This represents a $8.40 annualized dividend and a dividend yield of 5.06%. The ex-dividend date is Monday, March 10th. Simon Property Group's dividend payout ratio (DPR) is presently 115.70%.

Insider Activity at Simon Property Group

In related news, Director Reuben S. Leibowitz acquired 465 shares of the business's stock in a transaction that occurred on Monday, December 30th. The shares were acquired at an average cost of $168.59 per share, with a total value of $78,394.35. Following the transaction, the director now owns 55,919 shares of the company's stock, valued at $9,427,384.21. The trade was a 0.84 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.50% of the stock is owned by insiders.

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.