MSH Capital Advisors LLC Takes Position in Simon Property Group, Inc. (NYSE:SPG)

MSH Capital Advisors LLC purchased a new stake in Simon Property Group, Inc. (NYSE:SPG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,114 shares of the real estate investment trust's stock, valued at approximately $1,053,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in Simon Property Group during the fourth quarter worth $2,059,505,000. Geode Capital Management LLC boosted its stake in Simon Property Group by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 9,160,242 shares of the real estate investment trust's stock valued at $1,577,600,000 after purchasing an additional 230,982 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Simon Property Group by 5.5% during the 4th quarter. JPMorgan Chase & Co. now owns 4,710,538 shares of the real estate investment trust's stock worth $811,202,000 after purchasing an additional 246,630 shares in the last quarter. Invesco Ltd. raised its stake in shares of Simon Property Group by 14.8% in the fourth quarter. Invesco Ltd. now owns 4,216,575 shares of the real estate investment trust's stock worth $726,136,000 after purchasing an additional 542,511 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Simon Property Group by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,637,529 shares of the real estate investment trust's stock valued at $626,419,000 after purchasing an additional 64,418 shares in the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.

Simon Property Group Price Performance

Shares of SPG stock traded up $2.26 on Friday, reaching $150.31. The company's stock had a trading volume of 1,267,314 shares, compared to its average volume of 1,503,931. Simon Property Group, Inc. has a 12-month low of $136.34 and a 12-month high of $190.14. The stock's 50 day simple moving average is $166.96 and its 200-day simple moving average is $172.57. The company has a quick ratio of 2.00, a current ratio of 1.28 and a debt-to-equity ratio of 7.19. The company has a market capitalization of $49.04 billion, a P/E ratio of 20.70, a PEG ratio of 10.10 and a beta of 1.45.

Simon Property Group (NYSE:SPG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share for the quarter, topping 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%. 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 Announces Dividend

The company also recently declared 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 of this dividend was Monday, March 10th. This represents a $8.40 dividend on an annualized basis and a yield of 5.59%. Simon Property Group's payout ratio is 115.70%.

Wall Street Analysts Forecast Growth

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