Two Sigma Securities LLC Has $699,000 Stock Holdings in Simon Property Group, Inc. (NYSE:SPG)

Two Sigma Securities LLC increased its stake in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 576.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,061 shares of the real estate investment trust's stock after purchasing an additional 3,461 shares during the period. Two Sigma Securities LLC's holdings in Simon Property Group were worth $699,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Simon Property Group during the 4th quarter worth $2,059,505,000. Geode Capital Management LLC raised its position in shares of 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 acquiring an additional 230,982 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of 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 valued at $811,202,000 after acquiring an additional 246,630 shares during the last quarter. Invesco Ltd. raised its position in shares of Simon Property Group by 14.8% during the 4th quarter. Invesco Ltd. now owns 4,216,575 shares of the real estate investment trust's stock valued at $726,136,000 after acquiring an additional 542,511 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Simon Property Group by 2.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,653,424 shares of the real estate investment trust's stock valued at $629,158,000 after acquiring an additional 81,359 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company's stock.

Simon Property Group Stock Up 1.4 %

SPG stock traded up $2.12 during trading hours on Monday, reaching $158.78. 1,551,689 shares of the stock were exchanged, compared to its average volume of 1,515,428. The firm's 50-day moving average is $163.19 and its 200-day moving average is $172.01. The company has a market cap of $51.81 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 10.10 and a beta of 1.45. The company has a debt-to-equity ratio of 7.19, a current ratio of 1.28 and a quick ratio of 2.00. Simon Property Group, Inc. has a 12 month low of $136.34 and a 12 month 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 earnings per share (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%. On average, equities research analysts expect that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were paid 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 dividend yield of 5.29%. Simon Property Group's dividend payout ratio is 115.70%.

Wall Street Analyst Weigh In

SPG has been the subject of several recent research reports. Jefferies Financial Group upgraded shares of Simon Property Group from a "hold" rating to a "buy" rating and upped their target price for the company from $179.00 to $198.00 in a research report on Thursday, January 2nd. Piper Sandler upgraded shares of Simon Property Group from a "neutral" rating to an "overweight" rating and upped their target price for the company from $175.00 to $205.00 in a research report on Wednesday, February 5th. Stifel Nicolaus upgraded shares of Simon Property Group from a "hold" rating to a "buy" rating and set a $168.50 target price for the company in a research report on Wednesday, April 9th. Scotiabank lowered their price objective on shares of Simon Property Group from $186.00 to $159.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 23rd. Finally, StockNews.com cut shares of Simon Property Group from a "buy" rating to a "hold" rating in a research report on Saturday, March 29th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $178.39.

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.