Banco Bilbao Vizcaya Argentaria S.A. Decreases Stock Position in Simon Property Group, Inc. (NYSE:SPG)

Banco Bilbao Vizcaya Argentaria S.A. decreased its position in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 6.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 39,165 shares of the real estate investment trust's stock after selling 2,656 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Simon Property Group were worth $6,744,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of SPG. Hopwood Financial Services Inc. bought a new stake in shares of Simon Property Group in the 4th quarter valued at approximately $28,000. WR Wealth Planners LLC lifted 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 buying an additional 128 shares during the last quarter. New England Capital Financial Advisors LLC purchased a new position in Simon Property Group during the fourth quarter worth $30,000. Caisse Des Depots ET Consignations bought a new position in Simon Property Group during the fourth quarter valued at $31,000. Finally, TCTC Holdings LLC purchased a new stake in shares of Simon Property Group in the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 93.01% of the company's stock.

Simon Property Group Stock Up 0.8 %

SPG stock traded up $1.30 during trading on Thursday, hitting $158.68. 452,583 shares of the company's stock traded hands, compared to its average volume of 1,513,861. The firm has a market capitalization of $51.77 billion, a P/E ratio of 21.87, a PEG ratio of 10.10 and a beta of 1.45. Simon Property Group, Inc. has a 1 year low of $136.34 and a 1 year high of $190.14. The company has a quick ratio of 2.00, a current ratio of 1.28 and a debt-to-equity ratio of 7.19. The business has a fifty day simple moving average of $162.06 and a two-hundred day simple moving average of $171.81.

Simon Property Group (NYSE:SPG - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $3.68 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%. Sell-side analysts anticipate that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were given a $2.10 dividend. This represents a $8.40 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date was Monday, March 10th. Simon Property Group's payout ratio is currently 115.70%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SPG shares. 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 report on Wednesday, February 5th. Scotiabank reduced their price target on Simon Property Group from $186.00 to $159.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 23rd. Stifel Nicolaus upgraded Simon Property Group from a "hold" rating to a "buy" rating and set a $168.50 price objective for the company in a report on Wednesday, April 9th. Jefferies Financial Group upgraded Simon Property Group from a "hold" rating to a "buy" rating and lifted their target price for the stock from $179.00 to $198.00 in a research report on Thursday, January 2nd. Finally, StockNews.com cut shares of Simon Property Group from a "buy" rating to a "hold" rating in a report on Saturday, March 29th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $178.39.

About Simon Property Group

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.