Simon Property Group, Inc. (NYSE:SPG) Shares Acquired by Czech National Bank

Czech National Bank lifted its stake in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 5.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 70,442 shares of the real estate investment trust's stock after buying an additional 3,944 shares during the quarter. Czech National Bank's holdings in Simon Property Group were worth $11,699,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPG. Hopwood Financial Services Inc. purchased a new position in shares of Simon Property Group in the fourth quarter valued at $28,000. WR Wealth Planners LLC lifted its holdings in Simon Property Group by 328.2% in the 4th 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 in the last quarter. New England Capital Financial Advisors LLC acquired a new position in Simon Property Group in the 4th quarter worth $30,000. Caisse Des Depots ET Consignations purchased a new position in Simon Property Group in the 4th quarter valued at about $31,000. Finally, TCTC Holdings LLC purchased a new position in Simon Property Group in the 4th quarter valued at about $34,000. 93.01% of the stock is owned by institutional investors and hedge funds.

Simon Property Group Stock Performance

Shares of Simon Property Group stock traded up $0.40 on Wednesday, reaching $162.18. 528,029 shares of the company were exchanged, compared to its average volume of 1,547,958. The firm has a market cap of $52.94 billion, a price-to-earnings ratio of 22.34, a P/E/G ratio of 10.10 and a beta of 1.43. Simon Property Group, Inc. has a 1-year low of $136.34 and a 1-year high of $190.14. The company has a debt-to-equity ratio of 7.19, a quick ratio of 2.00 and a current ratio of 1.28. The company's 50-day moving average is $157.17 and its two-hundred day moving average is $169.64.

Simon Property Group (NYSE:SPG - Get Free Report) last posted its earnings results on Monday, May 12th. The real estate investment trust reported $2.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.91 by $0.04. Simon Property Group had a return on equity of 74.02% and a net margin of 41.49%. The company had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.34 billion. During the same period last year, the business posted $3.56 earnings per share. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. As a group, research analysts expect that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 9th will be given a dividend of $2.10 per share. The ex-dividend date is Monday, June 9th. This represents a $8.40 annualized dividend and a dividend yield of 5.18%. Simon Property Group's dividend payout ratio is presently 133.76%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Stifel Nicolaus boosted their price target on Simon Property Group from $168.50 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. cut their target price on shares of Simon Property Group from $192.00 to $180.00 and set a "neutral" rating on the stock in a research note on Thursday, May 22nd. Scotiabank decreased 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, April 23rd. Wall Street Zen cut Simon Property Group from a "buy" rating to a "hold" rating in a research note on Saturday, March 29th. Finally, Piper Sandler decreased their target price on Simon Property Group from $205.00 to $200.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $179.20.

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.