Natixis Has $30.71 Million Stock Holdings in Simon Property Group, Inc. (NYSE:SPG)

Natixis reduced its position in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 41.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 178,334 shares of the real estate investment trust's stock after selling 128,214 shares during the period. Natixis owned 0.05% of Simon Property Group worth $30,711,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in Simon Property Group in the 4th quarter valued at approximately $2,059,505,000. Capital World Investors bought a new stake in shares of Simon Property Group in the fourth quarter valued at approximately $119,777,000. Hamlin Capital Management LLC bought a new stake in shares of Simon Property Group in the fourth quarter valued at approximately $109,403,000. KBC Group NV grew its stake in shares of Simon Property Group by 170.3% in the fourth quarter. KBC Group NV now owns 880,309 shares of the real estate investment trust's stock worth $151,597,000 after acquiring an additional 554,605 shares during the last quarter. Finally, Invesco Ltd. increased its position in Simon Property Group by 14.8% during the fourth quarter. Invesco Ltd. now owns 4,216,575 shares of the real estate investment trust's stock worth $726,136,000 after acquiring an additional 542,511 shares during the period. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Simon Property Group Price Performance

SPG stock traded up $2.76 during trading on Wednesday, hitting $153.47. The company had a trading volume of 1,862,344 shares, compared to its average volume of 1,509,725. The company has a fifty day moving average price of $165.52 and a two-hundred day moving average price of $172.32. Simon Property Group, Inc. has a fifty-two week low of $136.34 and a fifty-two week high of $190.14. The company has a market cap of $50.07 billion, a P/E ratio of 21.14, a P/E/G ratio of 10.10 and a beta of 1.45. The company has a current ratio of 1.28, a quick ratio of 2.00 and a debt-to-equity ratio of 7.19.

Simon Property Group (NYSE:SPG - Get Free Report) last issued its earnings results on Tuesday, February 4th. The real estate investment trust reported $3.68 EPS for the quarter, beating the consensus estimate of $1.98 by $1.70. Simon Property Group had a net margin of 41.49% and a return on equity of 74.02%. Equities research analysts expect that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were issued a dividend of $2.10 per share. This represents a $8.40 annualized dividend and a dividend yield of 5.47%. The ex-dividend date of this dividend was Monday, March 10th. Simon Property Group's payout ratio is 115.70%.

About Simon Property Group

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.