Universal Beteiligungs und Servicegesellschaft mbH Buys New Shares in Simon Property Group, Inc. (NYSE:SPG)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Simon Property Group, Inc. (NYSE:SPG - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 550,177 shares of the real estate investment trust's stock, valued at approximately $94,746,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.17% of Simon Property Group at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SPG. Pitcairn Co. boosted its stake in Simon Property Group by 0.6% in the fourth quarter. Pitcairn Co. now owns 9,895 shares of the real estate investment trust's stock valued at $1,704,000 after acquiring an additional 55 shares during the last quarter. Colonial Trust Co SC raised its position in shares of Simon Property Group by 37.5% during the 4th quarter. Colonial Trust Co SC now owns 209 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 57 shares during the last quarter. Childress Capital Advisors LLC lifted its stake in shares of Simon Property Group by 3.6% in the 4th quarter. Childress Capital Advisors LLC now owns 1,689 shares of the real estate investment trust's stock valued at $291,000 after purchasing an additional 58 shares during the period. Global X Japan Co. Ltd. boosted its position in shares of Simon Property Group by 9.9% in the 4th quarter. Global X Japan Co. Ltd. now owns 655 shares of the real estate investment trust's stock worth $113,000 after purchasing an additional 59 shares during the last quarter. Finally, HighPoint Advisor Group LLC increased its holdings in Simon Property Group by 1.8% in the fourth quarter. HighPoint Advisor Group LLC now owns 3,396 shares of the real estate investment trust's stock valued at $626,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 93.01% of the company's stock.

Simon Property Group Stock Down 0.2%

Shares of SPG stock traded down $0.25 during trading hours on Friday, hitting $162.98. 3,546,174 shares of the company were exchanged, compared to its average volume of 1,556,975. The business has a 50 day moving average of $157.36 and a two-hundred day moving average of $169.93. The company has a market capitalization of $53.20 billion, a PE ratio of 22.45, a PEG ratio of 10.10 and a beta of 1.43. The company has a current ratio of 1.28, a quick ratio of 2.00 and a debt-to-equity ratio of 7.19. Simon Property Group, Inc. has a 52 week low of $136.34 and a 52 week high of $190.14.

Simon Property Group (NYSE:SPG - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The real estate investment trust reported $2.95 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.34 billion. During the same period in the prior year, the firm earned $3.56 earnings per share. Simon Property Group's revenue for the quarter was up 2.1% compared to the same quarter last year. Analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 9th will be paid 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 5.15%. Simon Property Group's dividend payout ratio is currently 133.76%.

Analyst Upgrades and Downgrades

SPG has been the topic of a number of recent analyst reports. Wall Street Zen cut Simon Property Group from a "buy" rating to a "hold" rating in a report on Saturday, March 29th. JPMorgan Chase & Co. cut 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 report on Thursday, May 22nd. Scotiabank reduced 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 research note on Wednesday, April 23rd. Piper Sandler lowered 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 research note on Friday, May 23rd. Finally, Stifel Nicolaus increased their target price 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. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $179.20.

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.