Janus Henderson Group PLC Trims Stock Holdings in Simon Property Group, Inc. (NYSE:SPG)

Janus Henderson Group PLC trimmed its holdings in Simon Property Group, Inc. (NYSE:SPG) by 34.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 39,700 shares of the real estate investment trust’s stock after selling 21,118 shares during the quarter. Janus Henderson Group PLC’s holdings in Simon Property Group were worth $6,838,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Hopwood Financial Services Inc. purchased a new position in Simon Property Group in the 4th quarter valued at approximately $28,000. WR Wealth Planners LLC boosted its holdings in Simon Property Group by 328.2% in the 4th quarter. WR Wealth Planners LLC now owns 167 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 128 shares during the period. New England Capital Financial Advisors LLC bought a new position in Simon Property Group in the 4th quarter valued at $30,000. Caisse Des Depots ET Consignations bought a new position in Simon Property Group in the 4th quarter valued at $31,000. Finally, TCTC Holdings LLC bought a new position in Simon Property Group in the 4th quarter valued at $34,000. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Simon Property Group Stock Performance

NYSE SPG opened at $165.15 on Friday. Simon Property Group, Inc. has a 52-week low of $136.34 and a 52-week high of $190.14. The company has a debt-to-equity ratio of 7.19, a quick ratio of 2.00 and a current ratio of 1.28. The company has a market capitalization of $53.91 billion, a P/E ratio of 22.75, a P/E/G ratio of 10.10 and a beta of 1.43. The company has a fifty day moving average of $158.09 and a 200-day moving average of $170.88.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data on Monday, May 12th. The real estate investment trust reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.91 by $0.04. Simon Property Group had a net margin of 41.49% and a return on equity of 74.02%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the firm posted $3.56 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. As a group, equities research analysts predict that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 9th will be paid a $2.10 dividend. This represents a $8.40 annualized dividend and a yield of 5.09%. The ex-dividend date of this dividend is Monday, June 9th. Simon Property Group’s dividend payout ratio is presently 133.76%.

Analysts Set New Price Targets

SPG has been the subject of several analyst reports. StockNews.com downgraded shares of Simon Property Group from a “buy” rating to a “hold” rating in a report on Saturday, March 29th. Scotiabank cut their price target on shares of Simon Property Group from $186.00 to $159.00 and set a “sector perform” rating for the company in a report on Wednesday, April 23rd. Stifel Nicolaus raised their price target on shares of Simon Property Group from $168.50 to $180.00 and gave the company a “buy” rating in a report on Tuesday, May 13th. Finally, Piper Sandler raised shares of 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. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $179.67.

About Simon Property Group

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.