J. Safra Sarasin Holding AG Sells 17,173 Shares of Simon Property Group, Inc. (NYSE:SPG)

J. Safra Sarasin Holding AG trimmed its stake in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 61.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,790 shares of the real estate investment trust's stock after selling 17,173 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Simon Property Group were worth $1,858,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SPG. Morse Asset Management Inc acquired a new position in Simon Property Group during the third quarter worth $155,000. SkyView Investment Advisors LLC grew its position in shares of Simon Property Group by 4.3% in the 3rd quarter. SkyView Investment Advisors LLC now owns 3,803 shares of the real estate investment trust's stock valued at $643,000 after acquiring an additional 158 shares during the period. World Investment Advisors LLC increased its stake in shares of Simon Property Group by 17.3% during the 3rd quarter. World Investment Advisors LLC now owns 3,534 shares of the real estate investment trust's stock worth $597,000 after purchasing an additional 521 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Simon Property Group in the 3rd quarter valued at about $834,000. Finally, Blankinship & Foster LLC acquired a new stake in Simon Property Group in the 3rd quarter valued at about $608,000. Institutional investors and hedge funds own 93.01% of the company's stock.

Simon Property Group Price Performance

Shares of NYSE SPG opened at $150.63 on Wednesday. The business has a fifty day moving average price of $165.52 and a two-hundred day moving average price of $172.32. The stock has a market capitalization of $49.15 billion, a PE ratio of 20.75, 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 current ratio of 1.28 and a quick ratio of 2.00. Simon Property Group, Inc. has a fifty-two week low of $136.34 and a fifty-two week high of $190.14.

Simon Property Group (NYSE:SPG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $3.68 EPS 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%. As a group, equities analysts predict that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were given 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 5.58%. Simon Property Group's dividend payout ratio is currently 115.70%.

Analyst Upgrades and Downgrades

SPG has been the topic of a number of recent analyst reports. Jefferies Financial Group raised Simon Property Group from a "hold" rating to a "buy" rating and boosted their price target for the stock from $179.00 to $198.00 in a research report on Thursday, January 2nd. Stifel Nicolaus upgraded Simon Property Group from a "hold" rating to a "buy" rating and set a $168.50 price target on the stock in a research note on Wednesday, April 9th. Scotiabank set a $186.00 price objective on shares of Simon Property Group in a research report on Friday, February 28th. Piper Sandler raised shares of Simon Property Group from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $175.00 to $205.00 in a research report on Wednesday, February 5th. Finally, StockNews.com downgraded shares of Simon Property Group from a "buy" rating to a "hold" rating in a report on Saturday, March 29th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $181.39.

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.

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