XTX Topco Ltd Purchases New Holdings in Simon Property Group, Inc. (NYSE:SPG)

XTX Topco Ltd acquired a new position in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,131 shares of the real estate investment trust's stock, valued at approximately $539,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hopwood Financial Services Inc. bought a new stake in shares of Simon Property Group during the fourth quarter worth $28,000. WR Wealth Planners LLC increased its position 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 worth $29,000 after purchasing an additional 128 shares during the period. New England Capital Financial Advisors LLC bought a new stake in Simon Property Group during the 4th quarter worth about $30,000. Caisse Des Depots ET Consignations acquired a new position in Simon Property Group during the 4th quarter valued at about $31,000. Finally, TCTC Holdings LLC bought a new position in shares of Simon Property Group in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 93.01% of the company's stock.

Simon Property Group Stock Up 2.1 %

Shares of NYSE SPG traded up $3.17 during mid-day trading on Thursday, reaching $156.45. 1,354,677 shares of the company's stock were exchanged, compared to its average volume of 1,512,988. The company has a current ratio of 1.28, a quick ratio of 2.00 and a debt-to-equity ratio of 7.19. The business has a fifty day simple moving average of $164.89 and a 200 day simple moving average of $172.19. Simon Property Group, Inc. has a twelve month low of $136.34 and a twelve month high of $190.14. The firm has a market capitalization of $51.05 billion, a price-to-earnings ratio of 21.55, a PEG ratio of 10.10 and a beta of 1.45.

Simon Property Group (NYSE:SPG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share for the quarter, beating 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%. As a group, equities analysts expect that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. StockNews.com lowered shares of Simon Property Group from a "buy" rating to a "hold" rating in a report on Saturday, March 29th. Jefferies Financial Group raised Simon Property Group from a "hold" rating to a "buy" rating and increased their price target for the company from $179.00 to $198.00 in a research note on Thursday, January 2nd. 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 report on Wednesday, April 9th. Scotiabank dropped their price objective on Simon Property Group from $186.00 to $159.00 and set a "sector perform" rating for the company in a report on Wednesday. Finally, Piper Sandler upgraded Simon Property Group from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $175.00 to $205.00 in a report on Wednesday, February 5th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.