Simon Property Group, Inc. (NYSE:SPG) Stock Holdings Lessened by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lessened its holdings in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 18.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 446,038 shares of the real estate investment trust's stock after selling 104,139 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.14% of Simon Property Group worth $74,078,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Simon Property Group during the fourth quarter worth $2,059,505,000. Principal Financial Group Inc. raised its holdings in shares of Simon Property Group by 133.0% in the first quarter. Principal Financial Group Inc. now owns 3,206,458 shares of the real estate investment trust's stock valued at $532,529,000 after buying an additional 1,830,264 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Simon Property Group by 45.9% in the fourth quarter. Northern Trust Corp now owns 5,462,856 shares of the real estate investment trust's stock valued at $940,758,000 after buying an additional 1,718,398 shares during the last quarter. Resolution Capital Ltd bought a new position in shares of Simon Property Group in the fourth quarter valued at about $212,592,000. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of Simon Property Group in the first quarter valued at about $197,377,000. Institutional investors own 93.01% of the company's stock.

Insiders Place Their Bets

In other news, Director Reuben S. Leibowitz acquired 522 shares of the firm's stock in a transaction dated Monday, June 30th. The stock was purchased at an average price of $159.29 per share, for a total transaction of $83,149.38. Following the completion of the acquisition, the director directly owned 58,195 shares in the company, valued at $9,269,881.55. The trade was a 0.91% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Gary M. Rodkin purchased 246 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The shares were bought at an average price of $159.29 per share, with a total value of $39,185.34. Following the acquisition, the director directly owned 19,010 shares of the company's stock, valued at $3,028,102.90. This represents a 1.31% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 2,386 shares of company stock valued at $380,066 in the last 90 days. Company insiders own 8.66% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SPG shares. Mizuho decreased their target price on Simon Property Group from $182.00 to $169.00 and set a "neutral" rating for the company in a research report on Tuesday, June 10th. LADENBURG THALM/SH SH started coverage on Simon Property Group in a research note on Friday. They set a "buy" rating and a $225.00 target price for the company. Piper Sandler decreased their price target on shares of Simon Property Group from $205.00 to $200.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. Barclays assumed coverage on shares of Simon Property Group in a research note on Wednesday, July 2nd. They set an "equal weight" rating and a $170.00 price target for the company. Finally, Stifel Nicolaus increased their price objective on Simon Property Group from $168.50 to $180.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Seven equities 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, the company has a consensus rating of "Hold" and an average target price of $182.73.

Simon Property Group Trading Up 0.0%

Shares of SPG stock traded up $0.05 during mid-day trading on Tuesday, reaching $163.81. 283,909 shares of the stock traded hands, compared to its average volume of 1,542,324. The stock's fifty day simple moving average is $161.32 and its two-hundred day simple moving average is $165.67. Simon Property Group, Inc. has a 1-year low of $136.34 and a 1-year high of $190.14. The company has a market cap of $53.47 billion, a price-to-earnings ratio of 26.09, a price-to-earnings-growth ratio of 10.98 and a beta of 1.43. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 8.29.

Simon Property Group (NYSE:SPG - Get Free Report) last announced its quarterly 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. Simon Property Group had a return on equity of 67.32% and a net margin of 35.98%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the firm posted $3.56 earnings per share. The business's revenue for the quarter was up 2.1% on a year-over-year basis. On average, research analysts anticipate that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 9th were issued a $2.10 dividend. The ex-dividend date of this dividend was Monday, June 9th. This represents a $8.40 dividend on an annualized basis and a yield of 5.13%. Simon Property Group's payout ratio is currently 133.76%.

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.

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