Natixis Advisors LLC Has $33.97 Million Position in Simon Property Group, Inc. (NYSE:SPG)

Natixis Advisors LLC increased its stake in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 6.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,248 shares of the real estate investment trust's stock after acquiring an additional 11,293 shares during the period. Natixis Advisors LLC owned approximately 0.06% of Simon Property Group worth $33,968,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Frank Rimerman Advisors LLC boosted its stake in Simon Property Group by 2.6% in the 4th quarter. Frank Rimerman Advisors LLC now owns 8,031 shares of the real estate investment trust's stock worth $1,383,000 after purchasing an additional 207 shares during the period. Alpine Woods Capital Investors LLC boosted its stake in Simon Property Group by 6.3% in the 4th quarter. Alpine Woods Capital Investors LLC now owns 9,981 shares of the real estate investment trust's stock worth $1,719,000 after purchasing an additional 594 shares during the period. Atala Financial Inc acquired a new position in Simon Property Group in the 4th quarter worth approximately $141,000. Balboa Wealth Partners boosted its stake in 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 worth $231,000 after purchasing an additional 121 shares during the period. Finally, Erste Asset Management GmbH boosted its stake in Simon Property Group by 6.8% in the 4th quarter. Erste Asset Management GmbH now owns 14,100 shares of the real estate investment trust's stock worth $2,425,000 after purchasing an additional 900 shares during the period. 93.01% of the stock is currently owned by institutional investors.

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Insider Transactions at Simon Property Group

In related news, Director Reuben S. Leibowitz acquired 465 shares of the company's stock in a transaction dated Monday, December 30th. The shares were bought at an average price of $168.59 per share, for a total transaction of $78,394.35. Following the acquisition, the director now owns 55,919 shares in the company, valued at $9,427,384.21. This trade represents a 0.84 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.60% of the company's stock.

Simon Property Group Stock Down 0.3 %

Shares of Simon Property Group stock traded down $0.44 during midday trading on Thursday, reaching $164.36. 1,444,909 shares of the company's stock traded hands, compared to its average volume of 1,339,634. The company has a market cap of $53.63 billion, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 10.10 and a beta of 1.78. The company's 50 day simple moving average is $176.50 and its 200 day simple moving average is $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 52 week low of $139.25 and a 52 week high of $190.14.

Simon Property Group (NYSE:SPG - Get Free Report) last announced its earnings results 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 net margin of 41.49% and a return on equity of 74.02%. Equities analysts expect 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a $2.10 dividend. The ex-dividend date is Monday, March 10th. This represents a $8.40 annualized dividend and a yield of 5.11%. Simon Property Group's dividend payout ratio (DPR) is presently 115.70%.

Wall Street Analyst Weigh In

A number of research firms recently commented on SPG. Jefferies Financial Group raised shares of Simon Property Group from a "hold" rating to a "buy" rating and raised their price objective for the stock from $179.00 to $198.00 in a research note on Thursday, January 2nd. StockNews.com lowered shares of Simon Property Group from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Simon Property Group in a research note on Tuesday, December 17th. They set a "hold" rating and a $195.00 target price for the company. Scotiabank set a $186.00 target price on shares of Simon Property Group in a research note on Friday, February 28th. Finally, Piper Sandler raised shares of Simon Property Group from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $175.00 to $205.00 in a research note on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Simon Property Group currently 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.