Simon Property Group, Inc. (NYSE:SPG) Shares Sold by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec reduced its stake in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 49.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 331,500 shares of the real estate investment trust's stock after selling 323,800 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.10% of Simon Property Group worth $57,088,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Morse Asset Management Inc purchased a new stake in shares of Simon Property Group during the third quarter worth about $155,000. SkyView Investment Advisors LLC grew its stake in Simon Property Group by 4.3% in the 3rd quarter. SkyView Investment Advisors LLC now owns 3,803 shares of the real estate investment trust's stock worth $643,000 after acquiring an additional 158 shares during the period. World Investment Advisors LLC raised its holdings in Simon Property Group by 17.3% in the 3rd quarter. World Investment Advisors LLC now owns 3,534 shares of the real estate investment trust's stock valued at $597,000 after acquiring an additional 521 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Simon Property Group during the 3rd quarter worth $834,000. Finally, Synovus Financial Corp boosted its holdings in shares of Simon Property Group by 50.7% during the third quarter. Synovus Financial Corp now owns 2,607 shares of the real estate investment trust's stock worth $440,000 after purchasing an additional 877 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SPG. Piper Sandler raised shares of Simon Property Group from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $175.00 to $205.00 in a research note on Wednesday, February 5th. StockNews.com lowered shares of Simon Property Group from a "buy" rating to a "hold" rating in a research report on Saturday, March 29th. Scotiabank decreased their price target on shares of Simon Property Group from $186.00 to $159.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 23rd. Finally, Stifel Nicolaus upgraded Simon Property Group from a "hold" rating to a "buy" rating and set a $168.50 price objective for the company in a report on Wednesday, April 9th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $178.39.

Simon Property Group Stock Down 0.2 %

Shares of SPG traded down $0.38 during midday trading on Tuesday, reaching $160.48. 1,105,438 shares of the company were exchanged, compared to its average volume of 1,513,211. 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, Inc. has a 1-year low of $136.34 and a 1-year high of $190.14. The company has a market cap of $52.36 billion, a price-to-earnings ratio of 22.11, a P/E/G ratio of 10.10 and a beta of 1.43. The stock has a 50-day moving average price of $160.64 and a 200-day moving average price of $171.47.

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

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.