Quantinno Capital Management LP Has $10.09 Million Stock Position in Simon Property Group, Inc. (NYSE:SPG)

Quantinno Capital Management LP increased its position in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 21.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,576 shares of the real estate investment trust's stock after acquiring an additional 10,354 shares during the quarter. Quantinno Capital Management LP's holdings in Simon Property Group were worth $10,087,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Pathstone Holdings LLC boosted its position in shares of Simon Property Group by 2.2% in the fourth quarter. Pathstone Holdings LLC now owns 44,668 shares of the real estate investment trust's stock worth $7,692,000 after buying an additional 962 shares during the period. Mufg Securities Americas Inc. acquired a new stake in Simon Property Group during the 4th quarter worth about $780,000. Nissay Asset Management Corp Japan ADV grew its stake in Simon Property Group by 2.2% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 83,470 shares of the real estate investment trust's stock valued at $14,358,000 after acquiring an additional 1,813 shares in the last quarter. Nomura Holdings Inc. acquired a new position in shares of Simon Property Group in the 4th quarter valued at about $7,873,000. Finally, NorthRock Partners LLC increased its holdings in shares of Simon Property Group by 116.5% in the 4th quarter. NorthRock Partners LLC now owns 4,531 shares of the real estate investment trust's stock valued at $780,000 after purchasing an additional 2,438 shares during the period. Institutional investors and hedge funds own 93.01% of the company's stock.

Simon Property Group Stock Up 1.3%

Shares of NYSE SPG traded up $2.12 during mid-day trading on Friday, reaching $165.15. 1,352,577 shares of the company traded hands, compared to its average volume of 1,529,937. The company's fifty day moving average is $158.09 and its two-hundred day moving average is $170.89. 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 debt-to-equity ratio of 7.19, a quick ratio of 2.00 and a current ratio of 1.28. The stock has a market cap of $53.89 billion, a PE ratio of 22.75, a price-to-earnings-growth ratio of 10.10 and a beta of 1.43.

Simon Property Group (NYSE:SPG - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The real estate investment trust reported $2.95 EPS for the quarter, beating analysts' consensus estimates of $2.91 by $0.04. Simon Property Group had a net margin of 41.49% and a return on equity of 74.02%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the firm posted $3.56 earnings per share. The company's quarterly revenue was up 2.1% compared to the same quarter last year. On average, analysts expect 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 announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 9th will be issued a $2.10 dividend. The ex-dividend date is Monday, June 9th. This represents a $8.40 annualized dividend and a yield of 5.09%. Simon Property Group's dividend payout ratio (DPR) is presently 115.70%.

Analyst Ratings Changes

Several analysts recently commented on SPG shares. StockNews.com cut shares of Simon Property Group from a "buy" rating to a "hold" rating in a report on Saturday, March 29th. Piper Sandler raised shares of Simon Property Group from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $175.00 to $205.00 in a research note on Wednesday, February 5th. Stifel Nicolaus boosted their price target on shares of Simon Property Group from $168.50 to $180.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Scotiabank cut their price objective 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 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, Simon Property Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $179.67.

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.