Ossiam Cuts Stock Position in Simon Property Group, Inc. (NYSE:SPG)

Ossiam decreased its position in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 26.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,553 shares of the real estate investment trust's stock after selling 3,365 shares during the period. Ossiam's holdings in Simon Property Group were worth $1,645,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of Simon Property Group during the fourth quarter worth $2,059,505,000. Geode Capital Management LLC increased its position in shares of Simon Property Group by 2.6% in the fourth 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 stake 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 worth $811,202,000 after purchasing an additional 246,630 shares in the last quarter. Invesco Ltd. increased its holdings 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 buying an additional 542,511 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Simon Property Group by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,637,529 shares of the real estate investment trust's stock worth $626,419,000 after acquiring an additional 64,418 shares in the last quarter. 93.01% of the stock is owned by institutional investors.

Simon Property Group Price Performance

Shares of Simon Property Group stock traded up $3.17 during trading on Thursday, hitting $156.45. 1,696,030 shares of the stock traded hands, compared to its average volume of 1,514,603. The stock has a market cap of $51.05 billion, a price-to-earnings ratio of 21.55, a PEG ratio of 10.10 and a beta of 1.45. The company has a quick ratio of 2.00, a current ratio of 1.28 and a debt-to-equity ratio of 7.19. Simon Property Group, Inc. has a 52 week low of $136.34 and a 52 week high of $190.14. The firm's fifty day moving average is $164.89 and its 200-day moving average is $172.19.

Simon Property Group (NYSE:SPG - Get Free Report) last released 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 net margin of 41.49% and a return on equity of 74.02%. Research analysts expect that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were issued a $2.10 dividend. This represents a $8.40 annualized dividend and a yield of 5.37%. The ex-dividend date was Monday, March 10th. Simon Property Group's dividend payout ratio is 115.70%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SPG. Jefferies Financial Group raised 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 report on Thursday, January 2nd. Scotiabank reduced 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. Stifel Nicolaus raised 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 report on Wednesday, April 9th. Piper Sandler upgraded Simon Property Group from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $175.00 to $205.00 in a research note on Wednesday, February 5th. Finally, StockNews.com downgraded shares of Simon Property Group from a "buy" rating to a "hold" rating in a report on Saturday, March 29th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Simon Property Group currently has a consensus rating of "Moderate Buy" and an average price target of $178.39.

Simon Property Group 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.