Simon Property Group, Inc. (NYSE:SPG) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC lessened its stake in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 19.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 145,636 shares of the real estate investment trust's stock after selling 34,221 shares during the quarter. AQR Capital Management LLC's holdings in Simon Property Group were worth $25,073,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Hopwood Financial Services Inc. acquired a new position in shares of Simon Property Group in the 4th quarter worth approximately $28,000. WR Wealth Planners LLC boosted its holdings 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 fourth quarter valued at $30,000. Caisse Des Depots ET Consignations acquired a new stake in shares of Simon Property Group during the fourth quarter worth $31,000. Finally, TCTC Holdings LLC acquired a new position in shares of Simon Property Group in the 4th quarter valued at about $34,000. Institutional investors own 93.01% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on SPG. Scotiabank dropped their price objective on shares of Simon Property Group from $186.00 to $159.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 23rd. Piper Sandler upgraded Simon Property Group from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $175.00 to $205.00 in a research report on Wednesday, February 5th. StockNews.com lowered Simon Property Group from a "buy" rating to a "hold" rating in a research report on Saturday, March 29th. Finally, Stifel Nicolaus raised shares of Simon Property Group from a "hold" rating to a "buy" rating and set a $168.50 price target for the company in a report on Wednesday, April 9th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $178.39.

Simon Property Group Price Performance

SPG traded down $0.38 on Tuesday, reaching $160.48. The company had a trading volume of 1,139,307 shares, compared to its average volume of 1,513,000. Simon Property Group, Inc. has a one year low of $136.34 and a one year high of $190.14. The company has a market capitalization of $52.36 billion, a P/E ratio of 22.11, a PEG ratio of 10.10 and a beta of 1.43. The company has a fifty day moving average of $160.64 and a 200-day moving average of $171.47. 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 (NYSE:SPG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share (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%. As a group, equities research analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

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.