World Investment Advisors Has $668,000 Stock Holdings in Simon Property Group, Inc. (NYSE:SPG)

World Investment Advisors increased its stake in Simon Property Group, Inc. (NYSE:SPG) by 9.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,878 shares of the real estate investment trust’s stock after purchasing an additional 344 shares during the quarter. World Investment Advisors’ holdings in Simon Property Group were worth $668,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of SPG. Norges Bank purchased a new position in shares of Simon Property Group in the fourth quarter worth approximately $2,059,505,000. Hamlin Capital Management LLC purchased a new position in Simon Property Group during the 4th quarter worth approximately $109,403,000. KBC Group NV lifted its holdings in shares of Simon Property Group by 170.3% in the fourth quarter. KBC Group NV now owns 880,309 shares of the real estate investment trust’s stock valued at $151,597,000 after purchasing an additional 554,605 shares in the last quarter. Proficio Capital Partners LLC boosted its position in shares of Simon Property Group by 22,608.6% in the fourth quarter. Proficio Capital Partners LLC now owns 542,281 shares of the real estate investment trust’s stock worth $93,386,000 after buying an additional 539,893 shares during the period. Finally, Strategic Financial Concepts LLC grew its holdings in shares of Simon Property Group by 17,222.1% during the fourth quarter. Strategic Financial Concepts LLC now owns 476,530 shares of the real estate investment trust’s stock valued at $82,063,000 after buying an additional 473,779 shares in the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Simon Property Group Price Performance

NYSE SPG opened at $146.15 on Monday. Simon Property Group, Inc. has a fifty-two week low of $137.35 and a fifty-two week high of $190.14. The stock’s 50-day moving average is $174.03 and its two-hundred day moving average is $174.40. The firm has a market cap of $47.68 billion, a P/E ratio of 20.13, a price-to-earnings-growth ratio of 10.10 and a beta of 1.45. The company has a debt-to-equity ratio of 7.19, a current ratio of 1.28 and a quick ratio of 2.00.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share for the quarter, beating 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, analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date was Monday, March 10th. Simon Property Group’s dividend payout ratio (DPR) is 115.70%.

Wall Street Analyst Weigh In

A number of brokerages have commented on SPG. StockNews.com lowered Simon Property Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 29th. Piper Sandler upgraded shares of Simon Property Group from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $175.00 to $205.00 in a report on Wednesday, February 5th. Scotiabank set a $186.00 price objective on shares of Simon Property Group in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Simon Property Group in a research note on Tuesday, December 17th. They set a “hold” rating and a $195.00 target price for the company. Finally, Jefferies Financial Group raised shares of Simon Property Group from a “hold” rating to a “buy” rating and upped their price target for the stock from $179.00 to $198.00 in a research note on Thursday, January 2nd. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $180.33.

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.