Simon Property Group, Inc. (NYSE:SPG) Shares Purchased by Marshall Wace LLP

Marshall Wace LLP grew its holdings in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 243.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,549 shares of the real estate investment trust's stock after purchasing an additional 8,897 shares during the period. Marshall Wace LLP's holdings in Simon Property Group were worth $2,161,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SPG. Hopwood Financial Services Inc. purchased a new position in Simon Property Group in the fourth quarter worth $28,000. WR Wealth Planners LLC grew its stake in shares of Simon Property Group by 328.2% during the 4th quarter. WR Wealth Planners LLC now owns 167 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 128 shares during the period. New England Capital Financial Advisors LLC purchased a new position in shares of Simon Property Group in the 4th quarter valued at about $30,000. Caisse Des Depots ET Consignations acquired a new stake in shares of Simon Property Group in the fourth quarter valued at about $31,000. Finally, TCTC Holdings LLC purchased a new stake in Simon Property Group during the fourth quarter worth about $34,000. 93.01% of the stock is owned by hedge funds and other institutional investors.

Simon Property Group Trading Up 0.3 %

Shares of SPG traded up $0.52 during mid-day trading on Wednesday, reaching $157.32. The company had a trading volume of 2,279,625 shares, compared to its average volume of 1,519,161. The company has a current ratio of 1.28, a quick ratio of 2.00 and a debt-to-equity ratio of 7.19. The stock has a market cap of $51.33 billion, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 10.10 and a beta of 1.45. The firm has a fifty day simple moving average of $162.59 and a 200-day simple moving average of $171.91. Simon Property Group, Inc. has a fifty-two week low of $136.34 and a fifty-two week high of $190.14.

Simon Property Group (NYSE:SPG - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $3.68 EPS for the quarter, topping analysts' consensus estimates of $1.98 by $1.70. Simon Property Group had a return on equity of 74.02% and a net margin of 41.49%. On average, sell-side analysts anticipate that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were paid a dividend of $2.10 per share. The ex-dividend date was Monday, March 10th. This represents a $8.40 annualized dividend and a yield of 5.34%. Simon Property Group's dividend payout ratio is currently 115.70%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Piper Sandler upgraded shares of Simon Property Group from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $175.00 to $205.00 in a research report on Wednesday, February 5th. Scotiabank decreased 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. Stifel Nicolaus upgraded Simon Property Group from a "hold" rating to a "buy" rating and set a $168.50 price target for the company in a research report on Wednesday, April 9th. Jefferies Financial Group upgraded shares of Simon Property Group from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $179.00 to $198.00 in a research report on Thursday, January 2nd. Finally, StockNews.com cut shares of Simon Property Group from a "buy" rating to a "hold" rating in a research note on Saturday, March 29th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $178.39.

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.