Czech National Bank Has $11.45 Million Stake in Simon Property Group, Inc. (NYSE:SPG)

Czech National Bank lifted its holdings in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 6.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 66,498 shares of the real estate investment trust's stock after purchasing an additional 4,067 shares during the period. Czech National Bank's holdings in Simon Property Group were worth $11,452,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BOKF NA raised its position in shares of Simon Property Group by 1,720.6% during the 2nd quarter. BOKF NA now owns 3,805 shares of the real estate investment trust's stock valued at $578,000 after acquiring an additional 3,596 shares during the last quarter. Federated Hermes Inc. increased its holdings in Simon Property Group by 19.7% in the second quarter. Federated Hermes Inc. now owns 21,012 shares of the real estate investment trust's stock valued at $3,190,000 after purchasing an additional 3,465 shares during the last quarter. Dai ichi Life Insurance Company Ltd lifted its stake in Simon Property Group by 64.9% in the second quarter. Dai ichi Life Insurance Company Ltd now owns 17,792 shares of the real estate investment trust's stock valued at $2,701,000 after buying an additional 7,000 shares during the period. Parallel Advisors LLC boosted its holdings in Simon Property Group by 3.5% during the second quarter. Parallel Advisors LLC now owns 4,810 shares of the real estate investment trust's stock worth $730,000 after buying an additional 163 shares during the last quarter. Finally, One Capital Management LLC grew its position in shares of Simon Property Group by 470.2% during the 2nd quarter. One Capital Management LLC now owns 8,997 shares of the real estate investment trust's stock worth $1,366,000 after buying an additional 7,419 shares during the period. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. 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 price objective on the stock. Mizuho boosted their price target on shares of Simon Property Group from $158.00 to $182.00 and gave the company a "neutral" rating in a report on Wednesday, December 4th. Evercore ISI raised Simon Property Group from an "in-line" rating to an "outperform" rating and raised their price objective for the stock from $160.00 to $172.00 in a research note on Monday, September 16th. StockNews.com lowered Simon Property Group from a "buy" rating to a "hold" rating in a report on Thursday, October 10th. Finally, Jefferies Financial Group upgraded Simon Property Group from a "hold" rating to a "buy" rating and increased their price target for the stock from $179.00 to $198.00 in a report on Thursday, January 2nd. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Simon Property Group currently has a consensus rating of "Hold" and an average price target of $172.10.

Simon Property Group Stock Up 0.4 %

SPG traded up $0.71 during trading hours on Tuesday, hitting $173.51. 1,050,151 shares of the company's stock were exchanged, compared to its average volume of 1,507,169. The stock's 50-day moving average is $177.40 and its two-hundred day moving average is $167.28. Simon Property Group, Inc. has a 1-year low of $135.15 and a 1-year high of $186.00. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 8.20. The stock has a market cap of $56.61 billion, a price-to-earnings ratio of 23.10, a PEG ratio of 10.50 and a beta of 1.75.

Simon Property Group (NYSE:SPG - Get Free Report) last released its earnings results on Friday, November 1st. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.00 by ($1.54). The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.32 billion. Simon Property Group had a return on equity of 76.21% and a net margin of 43.36%. The business's revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.20 EPS. Sell-side analysts predict that Simon Property Group, Inc. will post 12.76 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were paid a $2.10 dividend. This is an increase from Simon Property Group's previous quarterly dividend of $2.05. This represents a $8.40 annualized dividend and a yield of 4.84%. The ex-dividend date was Monday, December 9th. Simon Property Group's dividend payout ratio (DPR) is 111.85%.

Insider Buying and Selling

In related news, Director Reuben S. Leibowitz acquired 465 shares of the firm's stock in a transaction on Monday, December 30th. The shares were purchased at an average cost of $168.59 per share, for a total transaction of $78,394.35. Following the completion of the acquisition, the director now directly owns 55,919 shares in the company, valued at approximately $9,427,384.21. This trade represents a 0.84 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 8.50% of the stock is currently owned by corporate insiders.

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.