Simon Property Group, Inc. (NYSE:SPG) Shares Sold by GTS Securities LLC

GTS Securities LLC lowered its stake in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 98.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,335 shares of the real estate investment trust's stock after selling 73,145 shares during the period. GTS Securities LLC's holdings in Simon Property Group were worth $230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SPG. Hopwood Financial Services Inc. acquired a new stake in shares of Simon Property Group during the 4th quarter worth about $28,000. WR Wealth Planners LLC raised its position in shares of Simon Property Group by 328.2% during the 4th quarter. WR Wealth Planners LLC now owns 167 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 128 shares in the last quarter. New England Capital Financial Advisors LLC acquired a new stake in shares of Simon Property Group during the 4th quarter worth about $30,000. Caisse Des Depots ET Consignations acquired a new stake in shares of Simon Property Group during the 4th quarter worth about $31,000. Finally, TCTC Holdings LLC acquired a new stake in shares of Simon Property Group during the 4th quarter worth about $34,000. Institutional investors and hedge funds own 93.01% of the company's stock.

Analyst Upgrades and Downgrades

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

Simon Property Group Price Performance

Shares of Simon Property Group stock traded up $0.02 during trading on Wednesday, reaching $161.80. The company's stock had a trading volume of 994,740 shares, compared to its average volume of 1,550,766. The company has a quick ratio of 2.00, a current ratio of 1.28 and a debt-to-equity ratio of 7.19. Simon Property Group, Inc. has a 12-month low of $136.34 and a 12-month high of $190.14. The company has a market capitalization of $52.82 billion, a P/E ratio of 22.29, a price-to-earnings-growth ratio of 10.10 and a beta of 1.43. The business has a 50 day moving average price of $157.12 and a 200-day moving average price of $169.58.

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

Simon Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 9th will be issued a $2.10 dividend. The ex-dividend date is Monday, June 9th. This represents a $8.40 dividend on an annualized basis and a dividend yield of 5.19%. Simon Property Group's dividend payout ratio (DPR) is 133.76%.

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.