Uniplan Investment Counsel Inc. Decreases Stock Position in Simon Property Group, Inc. (NYSE:SPG)

Uniplan Investment Counsel Inc. decreased its holdings in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 254,305 shares of the real estate investment trust's stock after selling 4,073 shares during the period. Simon Property Group comprises approximately 4.1% of Uniplan Investment Counsel Inc.'s investment portfolio, making the stock its 3rd biggest holding. Uniplan Investment Counsel Inc. owned approximately 0.08% of Simon Property Group worth $43,794,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Piper Sandler upgraded shares of Simon Property Group from a "neutral" rating to an "overweight" rating and upped their price target for the company from $175.00 to $205.00 in a research note on Wednesday, February 5th. Stifel Nicolaus raised Simon Property Group from a "hold" rating to a "buy" rating and set a $168.50 target price on the stock in a research report on Wednesday, April 9th. Jefferies Financial Group upgraded Simon Property Group from a "hold" rating to a "buy" rating and increased their target price for the stock from $179.00 to $198.00 in a research note on Thursday, January 2nd. Scotiabank reduced their price target 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. Finally, StockNews.com cut Simon Property Group from a "buy" rating to a "hold" rating in a research report on Saturday, March 29th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $178.39.

Simon Property Group Price Performance

Shares of NYSE SPG traded up $3.17 during mid-day trading on Thursday, reaching $156.45. The company had a trading volume of 1,696,030 shares, compared to its average volume of 1,514,603. 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 one year low of $136.34 and a one year high of $190.14. The firm 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 business's 50-day simple moving average is $164.32 and its 200 day simple moving average is $172.12.

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 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%. On average, research analysts predict 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. Shareholders of record on Monday, March 10th were given a dividend of $2.10 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $8.40 annualized dividend and a yield of 5.37%. Simon Property Group's dividend payout ratio is currently 115.70%.

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.