Brevan Howard Capital Management LP Sells 17,629 Shares of Simon Property Group, Inc. (NYSE:SPG)

Brevan Howard Capital Management LP cut its stake in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 57.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,794 shares of the real estate investment trust's stock after selling 17,629 shares during the quarter. Brevan Howard Capital Management LP's holdings in Simon Property Group were worth $2,203,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Synovus Financial Corp lifted its position in shares of Simon Property Group by 50.7% in the 3rd quarter. Synovus Financial Corp now owns 2,607 shares of the real estate investment trust's stock worth $440,000 after buying an additional 877 shares during the last quarter. Diversified Trust Co boosted its stake in shares of Simon Property Group by 65.3% during the 4th quarter. Diversified Trust Co now owns 17,319 shares of the real estate investment trust's stock worth $2,983,000 after acquiring an additional 6,840 shares in the last quarter. Fulton Bank N.A. acquired a new stake in shares of Simon Property Group during the fourth quarter valued at approximately $346,000. First Hawaiian Bank boosted its position in shares of Simon Property Group by 35.0% in the fourth quarter. First Hawaiian Bank now owns 5,294 shares of the real estate investment trust's stock worth $912,000 after buying an additional 1,372 shares during the period. Finally, ORG Partners LLC grew its stake in Simon Property Group by 13.0% during the 4th quarter. ORG Partners LLC now owns 3,403 shares of the real estate investment trust's stock valued at $587,000 after acquiring an additional 391 shares in the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.

Simon Property Group Stock Up 0.2 %

Shares of SPG stock traded up $0.25 on Friday, reaching $163.26. 1,612,138 shares of the company were exchanged, compared to its average volume of 1,509,363. The company has a 50-day moving average of $158.81 and a 200-day moving average of $171.17. Simon Property Group, Inc. has a one year low of $136.34 and a one year high of $190.14. The company has a debt-to-equity ratio of 7.19, a current ratio of 1.28 and a quick ratio of 2.00. The company has a market cap of $53.27 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 10.10 and a beta of 1.43.

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 (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%. Analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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