Simon Property Group, Inc. (NYSE:SPG) Shares Bought by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co increased its holdings in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 12.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,474 shares of the real estate investment trust's stock after buying an additional 3,702 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in Simon Property Group were worth $5,592,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SPG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Simon Property Group by 617.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,191,296 shares of the real estate investment trust's stock worth $539,393,000 after purchasing an additional 2,746,503 shares during the last quarter. Hamlin Capital Management LLC acquired a new stake in Simon Property Group during the 4th quarter worth about $109,403,000. KBC Group NV raised its stake in shares of Simon Property Group by 170.3% during the 4th quarter. KBC Group NV now owns 880,309 shares of the real estate investment trust's stock valued at $151,597,000 after buying an additional 554,605 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of Simon Property Group by 22,608.6% in the 4th quarter. Proficio Capital Partners LLC now owns 542,281 shares of the real estate investment trust's stock valued at $93,386,000 after buying an additional 539,893 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Simon Property Group by 295.3% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 655,300 shares of the real estate investment trust's stock worth $110,759,000 after buying an additional 489,519 shares during the last quarter. 93.01% of the stock is owned by hedge funds and other institutional investors.

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Simon Property Group Price Performance

SPG stock traded up $1.49 during trading on Monday, hitting $165.77. The stock had a trading volume of 798,452 shares, compared to its average volume of 1,436,422. Simon Property Group, Inc. has a twelve month low of $139.25 and a twelve month high of $190.14. The company's 50-day moving average price is $175.42 and its two-hundred day moving average price is $174.53. The company has a debt-to-equity ratio of 7.19, a current ratio of 1.28 and a quick ratio of 2.00. The stock has a market capitalization of $54.09 billion, a P/E ratio of 22.88, a PEG ratio of 10.10 and a beta of 1.78.

Simon Property Group (NYSE:SPG - Get Free Report) last issued its quarterly 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%. As a group, research analysts predict that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a $2.10 dividend. This represents a $8.40 annualized dividend and a dividend yield of 5.07%. The ex-dividend date of this dividend is Monday, March 10th. Simon Property Group's dividend payout ratio is currently 115.70%.

Analyst Ratings Changes

Several research analysts recently weighed in on SPG shares. Deutsche Bank Aktiengesellschaft began coverage on Simon Property Group in a research report on Tuesday, December 17th. They set a "hold" rating and a $195.00 price target for the company. StockNews.com cut shares of Simon Property Group from a "buy" rating to a "hold" rating in a research note on Saturday. Mizuho raised their price target on shares of Simon Property Group from $158.00 to $182.00 and gave the company a "neutral" rating in a research report on Wednesday, December 4th. Jefferies Financial Group upgraded shares of Simon Property Group from a "hold" rating to a "buy" rating and upped their price objective for the stock from $179.00 to $198.00 in a research report on Thursday, January 2nd. 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 assigned a buy rating to the company's stock. According to MarketBeat, Simon Property Group has a consensus rating of "Hold" and an average 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.