Simon Property Group, Inc. (NYSE:SPG) Stock Position Raised by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich lifted its holdings in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 162.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,143 shares of the real estate investment trust's stock after purchasing an additional 11,221 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in Simon Property Group were worth $3,448,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. AMG National Trust Bank bought a new position in shares of Simon Property Group in the fourth quarter worth $318,000. Pacific Heights Asset Management LLC grew its stake in shares of Simon Property Group by 400.0% in the fourth quarter. Pacific Heights Asset Management LLC now owns 500,000 shares of the real estate investment trust's stock worth $86,105,000 after purchasing an additional 400,000 shares in the last quarter. Callan Family Office LLC grew its stake in shares of Simon Property Group by 143.6% in the fourth quarter. Callan Family Office LLC now owns 3,905 shares of the real estate investment trust's stock worth $672,000 after purchasing an additional 2,302 shares in the last quarter. Chung Wu Investment Group LLC bought a new position in shares of Simon Property Group in the fourth quarter worth $1,335,000. Finally, Vestmark Advisory Solutions Inc. boosted its stake in Simon Property Group by 1.4% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 5,015 shares of the real estate investment trust's stock valued at $864,000 after buying an additional 70 shares in the last quarter. Institutional investors own 93.01% of the company's stock.

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Insider Buying and Selling

In other Simon Property Group news, Director Reuben S. Leibowitz acquired 465 shares of Simon Property Group stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average cost of $168.59 per share, with a total value of $78,394.35. Following the purchase, the director now owns 55,919 shares in the company, valued at approximately $9,427,384.21. The trade was a 0.84 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 8.50% of the company's stock.

Simon Property Group Trading Up 1.5 %

Shares of NYSE:SPG traded up $2.47 during midday trading on Wednesday, reaching $165.95. The company had a trading volume of 1,951,062 shares, compared to its average volume of 1,338,635. The company has a debt-to-equity ratio of 7.19, a quick ratio of 2.00 and a current ratio of 1.28. Simon Property Group, Inc. has a 1-year low of $139.25 and a 1-year high of $190.14. The firm has a market cap of $54.15 billion, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 10.10 and a beta of 1.78. The company has a fifty day simple moving average of $177.62 and a two-hundred day simple moving average of $174.54.

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 (EPS) for the quarter, topping 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%. Research analysts predict 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 will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a $2.10 dividend. This represents a $8.40 annualized dividend and a yield of 5.06%. 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. Piper Sandler raised Simon Property Group from a "neutral" rating to an "overweight" rating and raised their target price for the company from $175.00 to $205.00 in a research note on Wednesday, February 5th. Jefferies Financial Group raised Simon Property Group from a "hold" rating to a "buy" rating and raised their target price for the company from $179.00 to $198.00 in a research note on Thursday, January 2nd. StockNews.com cut Simon Property Group from a "buy" rating to a "hold" rating in a research note on Saturday. Mizuho raised their target price on Simon Property Group from $158.00 to $182.00 and gave the company a "neutral" rating in a research note on Wednesday, December 4th. Finally, Scotiabank set a $186.00 target price on Simon Property Group in a research note on Friday, February 28th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average 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.