Unigestion Holding SA Has $6.51 Million Stock Position in Simon Property Group, Inc. (NYSE:SPG)

Unigestion Holding SA lifted its holdings in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 875.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,794 shares of the real estate investment trust's stock after buying an additional 33,919 shares during the quarter. Unigestion Holding SA's holdings in Simon Property Group were worth $6,509,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Hopwood Financial Services Inc. acquired a new position in shares of Simon Property Group in the 4th quarter valued at $28,000. WR Wealth Planners LLC lifted its stake in Simon Property Group by 328.2% in the fourth quarter. WR Wealth Planners LLC now owns 167 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 128 shares during the period. New England Capital Financial Advisors LLC acquired a new position in Simon Property Group in the fourth quarter valued at about $30,000. Caisse Des Depots ET Consignations bought a new position in Simon Property Group during the fourth quarter worth about $31,000. Finally, TCTC Holdings LLC acquired a new position in shares of Simon Property Group during the 4th quarter worth about $34,000. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SPG. Jefferies Financial Group upgraded shares of Simon Property Group from a "hold" rating to a "buy" rating and boosted their price objective for the company from $179.00 to $198.00 in a report on Thursday, January 2nd. StockNews.com cut shares of Simon Property Group from a "buy" rating to a "hold" rating in a research report on Saturday, March 29th. Deutsche Bank Aktiengesellschaft began coverage on Simon Property Group in a report on Tuesday, December 17th. They set a "hold" rating and a $195.00 target price on the stock. Scotiabank set a $186.00 target price on shares of Simon Property Group in a report on Friday, February 28th. Finally, Stifel Nicolaus raised shares of Simon Property Group from a "hold" rating to a "buy" rating and set a $168.50 price objective on the stock in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Simon Property Group currently has a consensus rating of "Moderate Buy" and an average target price of $181.39.

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Simon Property Group Stock Down 0.5 %

Shares of Simon Property Group stock traded down $0.71 during trading hours on Friday, reaching $146.98. 755,512 shares of the company's stock were exchanged, compared to its average volume of 1,495,301. The stock has a market cap of $47.96 billion, a P/E ratio of 20.18, a P/E/G ratio of 10.10 and a beta of 1.45. The company has a 50 day moving average of $170.58 and a two-hundred day moving average of $173.39. 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, Inc. has a fifty-two week low of $136.34 and a fifty-two week high of $190.14.

Simon Property Group (NYSE:SPG - Get Free Report) last released its earnings results 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%. On average, sell-side analysts forecast 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 was paid on Monday, March 31st. Investors of record on Monday, March 10th were paid a $2.10 dividend. This represents a $8.40 dividend on an annualized basis and a yield of 5.72%. The ex-dividend date of this dividend was Monday, March 10th. Simon Property Group's dividend payout ratio (DPR) is presently 115.70%.

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.