Simon Property Group, Inc. (NYSE:SPG) Shares Sold by Lbp Am Sa

LBP AM SA trimmed its holdings in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 16.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,859 shares of the real estate investment trust's stock after selling 18,476 shares during the quarter. LBP AM SA's holdings in Simon Property Group were worth $15,647,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SPG. Balboa Wealth Partners increased its holdings in shares of Simon Property Group by 9.9% in the 4th quarter. Balboa Wealth Partners now owns 1,339 shares of the real estate investment trust's stock valued at $231,000 after acquiring an additional 121 shares during the period. Erste Asset Management GmbH boosted its position in Simon Property Group by 6.8% during the fourth quarter. Erste Asset Management GmbH now owns 14,100 shares of the real estate investment trust's stock valued at $2,425,000 after purchasing an additional 900 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in Simon Property Group by 11.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 14,504 shares of the real estate investment trust's stock valued at $2,498,000 after purchasing an additional 1,486 shares during the last quarter. Truvestments Capital LLC raised its holdings in Simon Property Group by 1.7% in the fourth quarter. Truvestments Capital LLC now owns 23,354 shares of the real estate investment trust's stock worth $4,022,000 after purchasing an additional 396 shares in the last quarter. Finally, Hopwood Financial Services Inc. purchased a new stake in shares of Simon Property Group during the fourth quarter valued at about $28,000. Institutional investors own 93.01% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SPG shares. StockNews.com downgraded shares of Simon Property Group from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Jefferies Financial Group raised 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 report on Thursday, January 2nd. Piper Sandler upgraded 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 report on Wednesday, February 5th. Mizuho raised their price objective on Simon Property Group from $158.00 to $182.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 4th. Finally, Scotiabank set a $186.00 target price on Simon Property Group in a research report on Friday, February 28th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $180.33.

Insider Transactions at Simon Property Group

In other Simon Property Group news, Director Reuben S. Leibowitz bought 465 shares of the firm's stock in a transaction that occurred on Monday, December 30th. The stock was bought at an average cost of $168.59 per share, for a total transaction 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 trade represents a 0.84 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 8.50% of the company's stock.

Simon Property Group Stock Performance

SPG traded down $2.17 on Tuesday, reaching $164.70. 1,340,225 shares of the stock were exchanged, compared to its average volume of 1,338,850. 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 company's 50-day moving average price is $176.89 and its 200 day moving average price is $174.49. The firm has a market capitalization of $53.74 billion, a PE ratio of 22.69, a PEG ratio of 10.10 and a beta of 1.78. Simon Property Group, Inc. has a fifty-two week low of $139.25 and a fifty-two week high of $190.14.

Simon Property Group (NYSE:SPG - Get Free Report) last released its earnings results on Tuesday, February 4th. The real estate investment trust reported $3.68 EPS for the quarter, topping 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, sell-side analysts forecast that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Dividend Announcement

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 $2.10 dividend. This represents a $8.40 annualized dividend and a dividend yield of 5.10%. The ex-dividend date of this dividend is Monday, March 10th. Simon Property Group's dividend payout ratio (DPR) is currently 115.70%.

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.