UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 219,823 Shares of Simon Property Group, Inc. (NYSE:SPG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 6.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,411,119 shares of the real estate investment trust's stock after acquiring an additional 219,823 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.05% of Simon Property Group worth $587,429,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Hopwood Financial Services Inc. bought a new position in Simon Property Group during the fourth quarter valued at about $28,000. WR Wealth Planners LLC grew its position in Simon Property Group by 328.2% during the fourth quarter. WR Wealth Planners LLC now owns 167 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 128 shares during the period. New England Capital Financial Advisors LLC bought a new position in Simon Property Group during the fourth quarter valued at about $30,000. Caisse Des Depots ET Consignations bought a new position in Simon Property Group during the fourth quarter valued at about $31,000. Finally, TCTC Holdings LLC purchased a new stake in Simon Property Group during the fourth quarter valued at about $34,000. Institutional investors own 93.01% of the company's stock.

Simon Property Group Trading Down 1.0%

Shares of SPG opened at $162.89 on Wednesday. The firm's 50 day simple moving average is $158.13 and its 200 day simple moving average is $170.81. The company has a market capitalization of $53.17 billion, a P/E ratio of 22.44, a P/E/G ratio of 10.10 and a beta of 1.43. The company has a debt-to-equity ratio of 7.19, a current ratio of 1.28 and a quick ratio of 2.00. Simon Property Group, Inc. has a 1-year low of $136.34 and a 1-year high of $190.14.

Simon Property Group (NYSE:SPG - Get Free Report) last announced its 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. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.34 billion. Simon Property Group had a net margin of 41.49% and a return on equity of 74.02%. Simon Property Group's quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm posted $3.56 earnings per share. Sell-side 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 announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 9th will be paid a $2.10 dividend. This represents a $8.40 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date of this dividend is Monday, June 9th. Simon Property Group's dividend payout ratio is currently 133.76%.

Analyst Upgrades and Downgrades

Several research firms have commented on SPG. Stifel Nicolaus upped their price objective on shares of Simon Property Group from $168.50 to $180.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Scotiabank dropped their price objective on shares of 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. StockNews.com downgraded shares of Simon Property Group from a "buy" rating to a "hold" rating in a report on Saturday, March 29th. Finally, Piper Sandler raised shares of Simon Property Group from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $175.00 to $205.00 in a report on Wednesday, February 5th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $179.67.

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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