Vise Technologies Inc. Has $555,000 Stake in Simon Property Group, Inc. (NYSE:SPG)

Vise Technologies Inc. grew its position in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 133.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,223 shares of the real estate investment trust's stock after purchasing an additional 1,840 shares during the quarter. Vise Technologies Inc.'s holdings in Simon Property Group were worth $555,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Simon Property Group from a "buy" rating to a "hold" rating in a report on Saturday, March 29th. Scotiabank dropped their target price on Simon Property Group from $186.00 to $159.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 23rd. Piper Sandler reduced their price target on Simon Property Group from $205.00 to $200.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Stifel Nicolaus boosted their price target on Simon Property Group from $168.50 to $180.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Simon Property Group from $192.00 to $180.00 and set a "neutral" rating for the company in a report on Thursday, May 22nd. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $179.20.

Simon Property Group Stock Up 0.6%

NYSE:SPG traded up $0.93 during trading hours on Wednesday, hitting $161.14. 1,488,387 shares of the stock traded hands, compared to its average volume of 1,546,318. The firm has a 50 day moving average price of $157.50 and a 200 day moving average price of $170.23. The firm has a market cap of $52.60 billion, a price-to-earnings ratio of 22.20, 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 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 (NYSE:SPG - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The real estate investment trust reported $2.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.91 by $0.04. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.34 billion. Simon Property Group had a net margin of 41.49% and a return on equity of 74.02%. The firm's revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.56 earnings per share. Equities research analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 9th will be issued 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 5.21%. Simon Property Group's dividend payout ratio is 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.