Simon Property Group, Inc. (NYSE:SPG) Shares Sold by GSI Capital Advisors LLC

GSI Capital Advisors LLC decreased its position in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 10.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,448 shares of the real estate investment trust's stock after selling 5,148 shares during the quarter. Simon Property Group makes up 4.0% of GSI Capital Advisors LLC's holdings, making the stock its 6th largest holding. GSI Capital Advisors LLC's holdings in Simon Property Group were worth $7,654,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Hopwood Financial Services Inc. purchased a new position in shares of Simon Property Group in the 4th quarter valued at approximately $28,000. WR Wealth Planners LLC raised its stake in shares of Simon Property Group by 328.2% during the 4th quarter. WR Wealth Planners LLC now owns 167 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 128 shares during the last quarter. New England Capital Financial Advisors LLC acquired a new position in shares of Simon Property Group in the 4th quarter valued at about $30,000. Caisse Des Depots ET Consignations acquired a new stake in Simon Property Group during the fourth quarter worth about $31,000. Finally, TCTC Holdings LLC purchased a new position in Simon Property Group during the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 93.01% of the company's stock.

Simon Property Group Price Performance

Shares of SPG stock traded down $4.00 during trading hours on Monday, reaching $142.05. The company had a trading volume of 1,484,235 shares, compared to its average volume of 1,603,511. The stock has a fifty day moving average of $174.03 and a 200-day moving average of $174.40. 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, Inc. has a 12-month low of $138.11 and a 12-month high of $190.13. The company has a market capitalization of $46.35 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 10.10 and a beta of 1.45.

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Simon Property Group (NYSE:SPG - Get Free Report) last issued its quarterly earnings results 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 net margin of 41.49% and a return on equity of 74.02%. On average, equities analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued a dividend of $2.10 per share. The ex-dividend date was Monday, March 10th. This represents a $8.40 annualized dividend and a yield of 5.91%. Simon Property Group's dividend payout ratio (DPR) is 115.70%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on SPG shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Simon Property Group in a research note on Tuesday, December 17th. They set a "hold" rating and a $195.00 price objective on the stock. Scotiabank set a $186.00 target price on Simon Property Group in a research report on Friday, February 28th. Piper Sandler upgraded Simon Property Group from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $175.00 to $205.00 in a research report on Wednesday, February 5th. StockNews.com downgraded Simon Property Group from a "buy" rating to a "hold" rating in a research note on Saturday, March 29th. Finally, Jefferies Financial Group raised shares of Simon Property Group from a "hold" rating to a "buy" rating and raised their price target for the company from $179.00 to $198.00 in a research note on Thursday, January 2nd. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Simon Property Group has a consensus rating of "Hold" and a consensus price target of $180.33.

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.