Simon Property Group, Inc. (NYSE:SPG) Shares Sold by Axa S.A.

Axa S.A. reduced its position in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 8.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 245,064 shares of the real estate investment trust's stock after selling 22,135 shares during the quarter. Axa S.A. owned about 0.08% of Simon Property Group worth $42,202,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 4WEALTH Advisors Inc. acquired a new position in shares of Simon Property Group in the 4th quarter valued at about $331,000. Gallagher Fiduciary Advisors LLC raised its holdings in Simon Property Group by 7.3% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 4,509 shares of the real estate investment trust's stock valued at $777,000 after buying an additional 307 shares during the period. DoubleLine ETF Adviser LP lifted its position in Simon Property Group by 0.3% during the fourth quarter. DoubleLine ETF Adviser LP now owns 21,970 shares of the real estate investment trust's stock valued at $3,783,000 after buying an additional 75 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in Simon Property Group by 24.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 142,194 shares of the real estate investment trust's stock worth $24,487,000 after buying an additional 27,529 shares during the period. Finally, Keel Point LLC increased its position in shares of Simon Property Group by 5.7% in the fourth quarter. Keel Point LLC now owns 1,399 shares of the real estate investment trust's stock worth $241,000 after acquiring an additional 76 shares in the last quarter. Institutional investors and hedge funds own 93.01% of the company's stock.

Wall Street Analysts Forecast Growth

SPG has been the subject of a number of research reports. Stifel Nicolaus raised shares of 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. Piper Sandler raised Simon Property Group from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $175.00 to $205.00 in a research report on Wednesday, February 5th. StockNews.com lowered Simon Property Group from a "buy" rating to a "hold" rating in a research note on Saturday, March 29th. Finally, Scotiabank reduced their price target 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. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Simon Property Group presently has an average rating of "Moderate Buy" and a consensus price target of $178.39.

Simon Property Group Stock Performance

Shares of SPG opened at $161.77 on Friday. Simon Property Group, Inc. has a 52-week low of $136.34 and a 52-week high of $190.14. The company has a quick ratio of 2.00, a current ratio of 1.28 and a debt-to-equity ratio of 7.19. The firm has a market cap of $52.78 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 10.10 and a beta of 1.43. The business's 50 day moving average is $161.11 and its two-hundred day moving average is $171.60.

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

Simon Property Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were paid a dividend of $2.10 per share. This represents a $8.40 annualized dividend and a yield of 5.19%. The ex-dividend date of this dividend was Monday, March 10th. Simon Property Group's dividend payout ratio (DPR) is presently 115.70%.

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.

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