Schonfeld Strategic Advisors LLC Has $24.18 Million Holdings in Simon Property Group, Inc. (NYSE:SPG)

Schonfeld Strategic Advisors LLC boosted its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 1,633.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 140,384 shares of the real estate investment trust’s stock after acquiring an additional 132,286 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in Simon Property Group were worth $24,176,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SPG. Norges Bank bought a new stake in Simon Property Group during the 4th quarter valued at approximately $2,059,505,000. Northern Trust Corp grew its stake in shares of Simon Property Group by 45.9% in the fourth quarter. Northern Trust Corp now owns 5,462,856 shares of the real estate investment trust’s stock worth $940,758,000 after acquiring an additional 1,718,398 shares during the last quarter. Capital World Investors acquired a new stake in shares of Simon Property Group in the fourth quarter worth $119,777,000. Hamlin Capital Management LLC bought a new position in Simon Property Group during the fourth quarter worth $109,403,000. Finally, 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 purchasing an additional 554,605 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors.

Simon Property Group Stock Down 1.0 %

SPG opened at $156.88 on Wednesday. The firm has a market cap of $51.19 billion, a price-to-earnings ratio of 21.61, a PEG ratio of 10.10 and a beta of 1.45. 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 firm’s 50-day simple moving average is $162.59 and its 200-day simple moving average is $171.91. Simon Property Group, Inc. has a twelve month low of $136.34 and a twelve month high of $190.14.

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, topping the consensus estimate of $1.98 by $1.70. Simon Property Group had a net margin of 41.49% and a return on equity of 74.02%. Equities research analysts anticipate that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were given a $2.10 dividend. This represents a $8.40 annualized dividend and a yield of 5.35%. The ex-dividend date of this dividend was Monday, March 10th. Simon Property Group’s payout ratio is presently 115.70%.

Wall Street Analyst Weigh In

SPG has been the topic of several research reports. Jefferies Financial Group upgraded shares of Simon Property Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $179.00 to $198.00 in a report on Thursday, January 2nd. Scotiabank lowered their price target on Simon Property Group from $186.00 to $159.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 23rd. Stifel Nicolaus upgraded Simon Property Group from a “hold” rating to a “buy” rating and set a $168.50 price objective for the company in a research report on Wednesday, April 9th. Piper Sandler upgraded Simon Property Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $175.00 to $205.00 in a research report on Wednesday, February 5th. Finally, StockNews.com cut Simon Property Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 29th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $178.39.

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.