Simon Property Group, Inc. (NYSE:SPG) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC reduced its stake in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 34.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 39,700 shares of the real estate investment trust's stock after selling 21,118 shares during the quarter. Janus Henderson Group PLC's holdings in Simon Property Group were worth $6,838,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of SPG. Hopwood Financial Services Inc. purchased a new stake in shares of Simon Property Group during the 4th quarter valued at about $28,000. WR Wealth Planners LLC increased its holdings in 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 purchasing an additional 128 shares during the last quarter. New England Capital Financial Advisors LLC purchased a new stake in Simon Property Group during the 4th quarter worth approximately $30,000. Caisse Des Depots ET Consignations purchased a new stake in Simon Property Group during the 4th quarter worth approximately $31,000. Finally, TCTC Holdings LLC purchased a new stake in Simon Property Group during the 4th quarter worth approximately $34,000. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SPG has been the topic of several analyst reports. StockNews.com downgraded Simon Property Group from a "buy" rating to a "hold" rating in a report on Saturday, March 29th. Stifel Nicolaus lifted their price objective on Simon Property Group from $168.50 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Piper Sandler upgraded Simon Property Group from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $175.00 to $205.00 in a report on Wednesday, February 5th. Finally, Scotiabank dropped their price objective 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. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Simon Property Group presently has an average rating of "Moderate Buy" and a consensus price target of $179.67.

Simon Property Group Stock Performance

Shares of NYSE SPG traded down $4.69 during trading on Wednesday, reaching $158.25. The stock had a trading volume of 2,158,119 shares, compared to its average volume of 1,535,914. 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 quick ratio of 2.00 and a current ratio of 1.28. The stock has a market cap of $51.66 billion, a PE ratio of 21.80, a P/E/G ratio of 10.10 and a beta of 1.43. The firm's 50 day moving average price is $158.13 and its two-hundred day moving average price is $170.81.

Simon Property Group (NYSE:SPG - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The real estate investment trust reported $2.95 earnings per share 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 business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the business earned $3.56 EPS. The business's quarterly revenue was up 2.1% on a year-over-year basis. On average, research analysts forecast that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 9th will be given a dividend of $2.10 per share. The ex-dividend date of this dividend is Monday, June 9th. This represents a $8.40 dividend on an annualized basis and a yield of 5.31%. Simon Property Group's dividend payout ratio is currently 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.