GSI Capital Advisors LLC Has $7.65 Million Stock Holdings in Simon Property Group, Inc. (NYSE:SPG)

GSI Capital Advisors LLC lessened its position in Simon Property Group, Inc. (NYSE:SPG) by 10.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,448 shares of the real estate investment trust’s stock after selling 5,148 shares during the period. Simon Property Group makes up 4.0% of GSI Capital Advisors LLC’s portfolio, making the stock its 6th biggest position. GSI Capital Advisors LLC’s holdings in Simon Property Group were worth $7,654,000 at the end of the most recent quarter.

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

Simon Property Group Price Performance

NYSE SPG opened at $166.54 on Wednesday. Simon Property Group, Inc. has a 1 year low of $139.25 and a 1 year high of $190.14. The business’s fifty day moving average is $175.08 and its two-hundred day moving average is $174.56. The stock has a market capitalization of $54.34 billion, a P/E ratio of 22.94, a P/E/G ratio of 10.10 and a beta of 1.78. 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 (NYSE:SPG) last announced its earnings results on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share (EPS) for the quarter, topping 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, research analysts forecast that Simon Property Group, Inc. will post 12.54 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued a $2.10 dividend. This represents a $8.40 annualized dividend and a dividend yield of 5.04%. The ex-dividend date was Monday, March 10th. Simon Property Group’s payout ratio is 115.70%.

Analyst Ratings Changes

A number of research analysts have recently commented on SPG shares. Piper Sandler raised Simon Property Group from a “neutral” rating to an “overweight” rating and raised their price target for the company from $175.00 to $205.00 in a report on Wednesday, February 5th. StockNews.com cut shares of Simon Property Group from a “buy” rating to a “hold” rating in a research note on Saturday. Mizuho boosted their price target on shares of Simon Property Group from $158.00 to $182.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Scotiabank set a $186.00 price objective on shares of Simon Property Group in a report on Friday, February 28th. Finally, 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 price objective on the stock. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $180.33.

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.