Simon Property Group, Inc. (NYSE:SPG) Holdings Raised by MidWestOne Financial Group Inc.

MidWestOne Financial Group Inc. boosted its stake in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 48.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,732 shares of the real estate investment trust's stock after acquiring an additional 2,866 shares during the period. MidWestOne Financial Group Inc.'s holdings in Simon Property Group were worth $1,504,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. increased its stake in shares of Simon Property Group by 0.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 587,933 shares of the real estate investment trust's stock worth $101,130,000 after acquiring an additional 3,990 shares during the period. Merit Financial Group LLC acquired a new position in Simon Property Group during the 4th quarter worth approximately $416,000. SG Americas Securities LLC raised its stake in shares of Simon Property Group by 48.0% during the 4th quarter. SG Americas Securities LLC now owns 7,151 shares of the real estate investment trust's stock worth $1,231,000 after buying an additional 2,320 shares in the last quarter. Vert Asset Management LLC lifted its holdings in shares of Simon Property Group by 3.1% in the 4th quarter. Vert Asset Management LLC now owns 125,398 shares of the real estate investment trust's stock valued at $21,595,000 after buying an additional 3,783 shares during the period. Finally, TTP Investments Inc. lifted its holdings in shares of Simon Property Group by 67.4% in the 4th quarter. TTP Investments Inc. now owns 57,399 shares of the real estate investment trust's stock valued at $9,885,000 after buying an additional 23,109 shares during the period. 93.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SPG. Scotiabank cut their price objective on Simon Property Group from $186.00 to $159.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. lowered their price target 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. Wall Street Zen cut shares of Simon Property Group from a "buy" rating to a "hold" rating in a research note on Saturday, March 29th. Stifel Nicolaus boosted their price objective on shares of Simon Property Group from $168.50 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Finally, Piper Sandler dropped their target price on shares of Simon Property Group from $205.00 to $200.00 and set an "overweight" rating for the company in a report on Friday. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $179.20.

Simon Property Group Stock Performance

Shares of SPG traded down $1.10 during mid-day trading on Monday, hitting $156.85. The stock had a trading volume of 1,268,530 shares, compared to its average volume of 1,543,570. 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 company has a market cap of $51.20 billion, a PE ratio of 21.60, a PEG ratio of 10.10 and a beta of 1.43. Simon Property Group, Inc. has a fifty-two week low of $136.34 and a fifty-two week high of $190.14. The company's fifty day simple moving average is $157.74 and its two-hundred day simple moving average is $170.45.

Simon Property Group (NYSE:SPG - Get Free Report) last issued its earnings results on Monday, May 12th. The real estate investment trust reported $2.95 EPS for the quarter, beating analysts' consensus estimates of $2.91 by $0.04. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.56 earnings per share. On average, equities analysts expect that Simon Property Group, Inc. will post 12.54 earnings per share for the current 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 5.36%. Simon Property Group's dividend payout ratio is presently 133.76%.

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.