4,528 Shares in Simon Property Group, Inc. (NYSE:SPG) Bought by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. purchased a new stake in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,528 shares of the real estate investment trust's stock, valued at approximately $780,000.

Other institutional investors have also recently bought and sold shares of the company. Pitcairn Co. lifted its holdings in 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 valued at $1,704,000 after purchasing an additional 55 shares during the last quarter. Colonial Trust Co SC lifted its stake 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 worth $36,000 after buying an additional 57 shares during the last quarter. Childress Capital Advisors LLC boosted its holdings in shares of Simon Property Group by 3.6% during the 4th 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 during the period. Global X Japan Co. Ltd. boosted its holdings in shares of Simon Property Group by 9.9% during the 4th quarter. Global X Japan Co. Ltd. now owns 655 shares of the real estate investment trust's stock worth $113,000 after buying an additional 59 shares during the period. Finally, HighPoint Advisor Group LLC grew its stake in Simon Property Group by 1.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 3,396 shares of the real estate investment trust's stock valued at $626,000 after buying an additional 60 shares during the last quarter. Institutional investors own 93.01% of the company's stock.

Simon Property Group Price Performance

Simon Property Group stock traded up $2.12 during mid-day trading on Friday, reaching $165.15. 1,352,577 shares of the company were exchanged, compared to its average volume of 1,529,937. The firm has a market cap of $53.89 billion, a PE ratio of 22.75, a PEG 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. The company has a fifty day simple moving average of $158.09 and a 200-day simple moving average of $170.89. Simon Property Group, Inc. has a 12 month low of $136.34 and a 12 month high of $190.14.

Simon Property Group (NYSE:SPG - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The real estate investment trust reported $2.95 EPS for the quarter, topping analysts' consensus estimates of $2.91 by $0.04. The company had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.34 billion. Simon Property Group had a return on equity of 74.02% and a net margin of 41.49%. Simon Property Group's revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business earned $3.56 earnings per share. As a group, equities research analysts expect that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

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 5.09%. The ex-dividend date is Monday, June 9th. Simon Property Group's payout ratio is presently 115.70%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Piper Sandler upgraded shares of Simon Property Group from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $175.00 to $205.00 in a research report on Wednesday, February 5th. 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 research note on Tuesday. StockNews.com lowered Simon Property Group from a "buy" rating to a "hold" rating in a report on Saturday, March 29th. Finally, Scotiabank dropped their target price on Simon Property Group from $186.00 to $159.00 and set a "sector perform" rating for the company in a report on Wednesday, April 23rd. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.