Simon Property Group, Inc. (NYSE:SPG) Holdings Decreased by Gotham Asset Management LLC

Gotham Asset Management LLC lowered its position in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 52.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 15,367 shares of the real estate investment trust's stock after selling 16,945 shares during the quarter. Gotham Asset Management LLC's holdings in Simon Property Group were worth $2,646,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Hopwood Financial Services Inc. purchased a new stake in shares of Simon Property Group during the 4th quarter valued at about $28,000. WR Wealth Planners LLC increased its position in shares of 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 worth $29,000 after acquiring an additional 128 shares during the last quarter. New England Capital Financial Advisors LLC acquired a new position in shares of Simon Property Group in the fourth quarter worth about $30,000. Caisse Des Depots ET Consignations purchased a new position in Simon Property Group in the fourth quarter valued at about $31,000. Finally, TCTC Holdings LLC acquired a new stake in Simon Property Group during the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 93.01% of the company's stock.

Simon Property Group Price Performance

SPG stock traded down $0.72 during trading hours on Monday, hitting $164.40. 1,591,431 shares of the stock traded hands, compared to its average volume of 1,530,183. The stock has a 50-day simple moving average of $158.09 and a 200 day simple moving average of $170.89. The company has a market cap of $53.66 billion, a P/E ratio of 22.64, a P/E/G ratio of 10.10 and a beta of 1.43. Simon Property Group, Inc. has a one year low of $136.34 and a one year 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 announced its 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. 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 for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous 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. Equities analysts forecast that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 9th will be given a $2.10 dividend. This represents a $8.40 annualized dividend and a dividend yield of 5.11%. The ex-dividend date of this dividend is Monday, June 9th. Simon Property Group's dividend payout ratio (DPR) is currently 133.76%.

Analyst Ratings Changes

Several equities analysts have recently commented on SPG shares. Scotiabank reduced their target price on Simon Property Group from $186.00 to $159.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 23rd. Piper Sandler upgraded Simon Property Group from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $175.00 to $205.00 in a research report on Wednesday, February 5th. StockNews.com cut Simon Property Group from a "buy" rating to a "hold" rating in a research note on Saturday, March 29th. Finally, Stifel Nicolaus boosted their target price on shares of Simon Property Group from $168.50 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $179.67.

Simon Property Group Company 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.