Schroder Investment Management Group Has $176.13 Million Stock Holdings in Simon Property Group, Inc. (NYSE:SPG)

Schroder Investment Management Group boosted its holdings in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,022,772 shares of the real estate investment trust's stock after acquiring an additional 25,210 shares during the quarter. Schroder Investment Management Group owned about 0.31% of Simon Property Group worth $176,132,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rockefeller Capital Management L.P. boosted its stake in shares of Simon Property Group by 16.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 92,207 shares of the real estate investment trust's stock worth $15,582,000 after acquiring an additional 12,990 shares in the last quarter. Icon Wealth Advisors LLC lifted its stake in shares of Simon Property Group by 14.9% during the third quarter. Icon Wealth Advisors LLC now owns 1,646 shares of the real estate investment trust's stock valued at $278,000 after buying an additional 214 shares during the period. Fred Alger Management LLC increased its stake in Simon Property Group by 4.0% during the third quarter. Fred Alger Management LLC now owns 30,837 shares of the real estate investment trust's stock worth $5,212,000 after acquiring an additional 1,178 shares during the last quarter. Erste Asset Management GmbH acquired a new position in shares of Simon Property Group in the 3rd quarter valued at about $2,214,000. Finally, Benjamin Edwards Inc. grew its position in shares of Simon Property Group by 389.7% during the 3rd quarter. Benjamin Edwards Inc. now owns 4,897 shares of the real estate investment trust's stock valued at $828,000 after buying an additional 3,897 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company's stock.

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Wall Street Analysts Forecast Growth

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

Simon Property Group Price Performance

SPG traded down $7.04 during trading on Friday, reaching $146.15. The stock had a trading volume of 3,679,910 shares, compared to its average volume of 1,464,196. The stock has a 50 day moving average of $174.03 and a two-hundred day moving average of $174.26. 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 firm has a market capitalization of $47.68 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 10.10 and a beta of 1.45. Simon Property Group, Inc. has a 1-year low of $139.25 and a 1-year high of $190.14.

Simon Property Group (NYSE:SPG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share for the quarter, beating the consensus estimate 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 anticipate that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were issued a $2.10 dividend. The ex-dividend date was Monday, March 10th. This represents a $8.40 dividend on an annualized basis and a dividend yield of 5.75%. Simon Property Group's payout ratio is currently 115.70%.

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.