3,875 Shares in Simon Property Group, Inc. (NYSE:SPG) Acquired by Unigestion Holding SA

Unigestion Holding SA bought a new stake in Simon Property Group, Inc. (NYSE:SPG - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,875 shares of the real estate investment trust's stock, valued at approximately $655,000.

A number of other institutional investors also recently added to or reduced their stakes in SPG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Simon Property Group by 617.5% during the 3rd 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 acquiring an additional 2,746,503 shares in the last quarter. Smead Capital Management Inc. lifted its stake in Simon Property Group by 3.5% during the third quarter. Smead Capital Management Inc. now owns 2,620,355 shares of the real estate investment trust's stock worth $442,892,000 after purchasing an additional 88,378 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Simon Property Group by 1.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,487,897 shares of the real estate investment trust's stock valued at $251,484,000 after purchasing an additional 25,519 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in Simon Property Group by 373.6% in the third quarter. Los Angeles Capital Management LLC now owns 1,259,648 shares of the real estate investment trust's stock valued at $212,906,000 after purchasing an additional 993,694 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. raised its holdings in Simon Property Group by 6.9% during the third quarter. Duff & Phelps Investment Management Co. now owns 1,142,010 shares of the real estate investment trust's stock worth $193,023,000 after purchasing an additional 73,742 shares in the last quarter. Hedge funds and other institutional investors own 93.01% of the company's stock.

Simon Property Group Stock Performance

Shares of SPG stock traded up $0.57 during midday trading on Thursday, hitting $177.20. The company had a trading volume of 1,362,906 shares, compared to its average volume of 1,447,731. The stock has a market cap of $57.82 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 10.75 and a beta of 1.75. The company has a debt-to-equity ratio of 8.20, a current ratio of 2.00 and a quick ratio of 2.00. The company's 50 day simple moving average is $176.28 and its 200 day simple moving average is $163.24. Simon Property Group, Inc. has a 52-week low of $133.11 and a 52-week high of $186.00.

Simon Property Group (NYSE:SPG - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The real estate investment trust reported $1.46 earnings per share for the quarter, missing the consensus estimate of $3.00 by ($1.54). The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.32 billion. Simon Property Group had a return on equity of 76.21% and a net margin of 43.36%. Simon Property Group's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.20 earnings per share. Research analysts anticipate that Simon Property Group, Inc. will post 12.76 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be paid a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a dividend yield of 4.74%. This is a positive change from Simon Property Group's previous quarterly dividend of $2.05. The ex-dividend date is Monday, December 9th. Simon Property Group's payout ratio is 111.85%.

Insider Buying and Selling

In other Simon Property Group news, Director Allan B. Hubbard acquired 370 shares of the business's stock in a transaction on Monday, September 30th. The stock was purchased at an average price of $167.30 per share, for a total transaction of $61,901.00. Following the completion of the transaction, the director now owns 34,301 shares of the company's stock, valued at $5,738,557.30. The trade was a 1.09 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Truist Financial upped their target price on shares of Simon Property Group from $147.00 to $158.00 and gave the company a "hold" rating in a report on Wednesday, August 28th. Mizuho upped their price objective on shares of Simon Property Group from $158.00 to $182.00 and gave the company a "neutral" rating in a research note on Wednesday, December 4th. StockNews.com cut Simon Property Group from a "buy" rating to a "hold" rating in a research report on Thursday, October 10th. Evercore ISI raised Simon Property Group from an "in-line" rating to an "outperform" rating and upped their target price for the company from $160.00 to $172.00 in a research report on Monday, September 16th. Finally, Scotiabank lifted their price target on Simon Property Group from $152.00 to $169.00 and gave the stock a "sector perform" rating in a research report on Monday, August 26th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $165.44.

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.