Susquehanna Fundamental Investments LLC Makes New Investment in Simon Property Group, Inc. (NYSE:SPG)

Susquehanna Fundamental Investments LLC bought a new position in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 22,427 shares of the real estate investment trust's stock, valued at approximately $3,862,000.

A number of other hedge funds have also recently bought and sold shares of SPG. Morse Asset Management Inc bought a new position in shares of Simon Property Group in the 3rd quarter valued at 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 valued at $643,000 after buying an additional 158 shares during the last quarter. World Investment Advisors LLC increased its stake in shares of Simon Property Group by 17.3% during the third quarter. World Investment Advisors LLC now owns 3,534 shares of the real estate investment trust's stock worth $597,000 after purchasing an additional 521 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Simon Property Group during the 3rd quarter worth approximately $834,000. Finally, Blankinship & Foster LLC bought a new stake in Simon Property Group in the 3rd quarter valued at $608,000. 93.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Jefferies Financial Group upgraded Simon Property Group from a "hold" rating to a "buy" rating and increased their price objective for the stock from $179.00 to $198.00 in a research report on Thursday, January 2nd. StockNews.com cut shares of Simon Property Group from a "buy" rating to a "hold" rating in a research note on Saturday, March 29th. Scotiabank decreased their target price on shares of 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. 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. Finally, 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 note on Wednesday, April 9th. Five 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 $178.39.

Simon Property Group Price Performance

NYSE SPG traded up $1.43 on Thursday, hitting $158.81. 1,347,374 shares of the company's stock were exchanged, compared to its average volume of 1,517,936. The stock has a 50-day moving average of $162.06 and a 200-day moving average of $171.81. The stock has a market cap of $51.82 billion, a price-to-earnings ratio of 21.87, a P/E/G ratio of 10.10 and a beta of 1.45. Simon Property Group, Inc. has a 52 week low of $136.34 and a 52 week high of $190.14. 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 (NYSE:SPG - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share for the quarter, beating the consensus estimate of $1.98 by $1.70. Simon Property Group had a return on equity of 74.02% and a net margin of 41.49%. Analysts expect that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were given a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date of this dividend was Monday, March 10th. Simon Property Group's dividend payout ratio is 115.70%.

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.