Union Bancaire Privee UBP SA Purchases New Holdings in Simon Property Group, Inc. (NYSE:SPG)

Union Bancaire Privee UBP SA acquired a new position in shares of Simon Property Group, Inc. (NYSE:SPG) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 32,100 shares of the real estate investment trust’s stock, valued at approximately $5,528,000.

A number of other institutional investors also recently made changes to their positions in the business. Capital Performance Advisors LLP bought a new stake in Simon Property Group in the third quarter valued at about $30,000. New England Capital Financial Advisors LLC acquired a new position in shares of Simon Property Group in the 4th quarter worth approximately $30,000. Synergy Asset Management LLC bought a new stake in shares of Simon Property Group in the 4th quarter valued at approximately $41,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Simon Property Group during the 4th quarter valued at approximately $41,000. Finally, Eastern Bank bought a new position in Simon Property Group during the third quarter worth $42,000. 93.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Reuben S. Leibowitz bought 465 shares of the business’s stock in a transaction on Monday, December 30th. The shares were bought at an average cost of $168.59 per share, with a total value of $78,394.35. Following the purchase, the director now directly owns 55,919 shares in the company, valued at $9,427,384.21. This trade represents a 0.84 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on SPG shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Simon Property Group in a report on Tuesday, December 17th. They set a “hold” rating and a $195.00 target price on the stock. Mizuho increased their price objective on shares of Simon Property Group from $158.00 to $182.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Jefferies Financial Group upgraded Simon Property Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $179.00 to $198.00 in a research note on Thursday, January 2nd. Finally, Piper Sandler upgraded Simon Property Group from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $175.00 to $205.00 in a research report on Wednesday, February 5th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $175.10.

Simon Property Group Trading Down 1.5 %

Shares of SPG stock opened at $183.86 on Friday. The firm has a market capitalization of $59.99 billion, a PE ratio of 25.32, a price-to-earnings-growth ratio of 10.10 and a beta of 1.74. The company has a debt-to-equity ratio of 7.19, a quick ratio of 2.00 and a current ratio of 1.28. Simon Property Group, Inc. has a 1 year low of $139.25 and a 1 year high of $188.13. The stock has a fifty day moving average of $176.37 and a two-hundred day moving average of $172.72.

Simon Property Group (NYSE:SPG) last announced its earnings results on Tuesday, February 4th. The real estate investment trust reported $3.68 EPS for the quarter, topping 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%. As a group, research analysts expect that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a $2.10 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $8.40 dividend on an annualized basis and a dividend yield of 4.57%. Simon Property Group’s dividend payout ratio (DPR) is 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.