Simon Property Group, Inc. (NYSE:SPG) Shares Bought by Sei Investments Co.

Sei Investments Co. raised its position in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,128,143 shares of the real estate investment trust's stock after acquiring an additional 57,800 shares during the period. Sei Investments Co. owned approximately 0.35% of Simon Property Group worth $194,279,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of SPG. American Century Companies Inc. grew its holdings in Simon Property Group by 64.1% during the 4th quarter. American Century Companies Inc. now owns 685,493 shares of the real estate investment trust's stock valued at $118,049,000 after purchasing an additional 267,661 shares during the last quarter. Mizuho Securities USA LLC lifted its stake in Simon Property Group by 46.3% in the fourth quarter. Mizuho Securities USA LLC now owns 29,068 shares of the real estate investment trust's stock worth $5,006,000 after purchasing an additional 9,195 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Simon Property Group during the fourth quarter valued at approximately $1,658,000. Summit Global Investments grew its stake in shares of Simon Property Group by 0.9% during the fourth quarter. Summit Global Investments now owns 20,860 shares of the real estate investment trust's stock valued at $3,592,000 after buying an additional 182 shares during the last quarter. Finally, Oxford Financial Group LTD. LLC raised its holdings in shares of Simon Property Group by 5.9% in the fourth quarter. Oxford Financial Group LTD. LLC now owns 3,090 shares of the real estate investment trust's stock worth $532,000 after buying an additional 173 shares during the period. Institutional investors own 93.01% of the company's stock.

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Analysts Set New Price Targets

SPG has been the subject of a number of recent analyst reports. Mizuho boosted their price objective on Simon Property Group from $158.00 to $182.00 and gave the company a "neutral" rating in a report on Wednesday, December 4th. Piper Sandler upgraded shares of Simon Property Group from a "neutral" rating to an "overweight" rating and upped their price target 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 raised their price target for the stock from $179.00 to $198.00 in a research note on Thursday, January 2nd. Scotiabank set a $186.00 price objective on shares of Simon Property Group in a research report on Friday, February 28th. Finally, StockNews.com upgraded shares of Simon Property Group from a "hold" rating to a "buy" rating in a research note on Friday, March 21st. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $180.33.

Insiders Place Their Bets

In other news, Director Reuben S. Leibowitz acquired 465 shares of the business's stock in a transaction dated Monday, December 30th. The shares were purchased at an average price of $168.59 per share, with a total value of $78,394.35. Following the transaction, the director now directly owns 55,919 shares in the company, valued at approximately $9,427,384.21. This represents a 0.84 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.50% of the stock is currently owned by corporate insiders.

Simon Property Group Stock Up 1.6 %

Shares of SPG traded up $2.68 during mid-day trading on Wednesday, hitting $168.44. The company's stock had a trading volume of 1,630,008 shares, compared to its average volume of 1,344,583. The company has a current ratio of 1.28, a quick ratio of 2.00 and a debt-to-equity ratio of 7.19. The company's 50-day moving average is $175.83 and its 200-day moving average is $174.46. Simon Property Group, Inc. has a 52-week low of $139.25 and a 52-week high of $190.14. The firm has a market capitalization of $54.96 billion, a price-to-earnings ratio of 23.20, a PEG ratio of 10.10 and a beta of 1.78.

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

Simon Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a $2.10 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $8.40 annualized dividend and a yield of 4.99%. Simon Property Group's dividend payout ratio (DPR) is presently 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.