Simon Property Group, Inc. (NYSE:SPG) Shares Purchased by Natixis Advisors L.P.

Natixis Advisors L.P. raised its position in Simon Property Group, Inc. (NYSE:SPG) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,928 shares of the real estate investment trust’s stock after acquiring an additional 9,942 shares during the quarter. Natixis Advisors L.P.’s holdings in Simon Property Group were worth $23,524,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. DT Investment Partners LLC raised its holdings in Simon Property Group by 714.3% in the third quarter. DT Investment Partners LLC now owns 228 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 200 shares in the last quarter. Selway Asset Management acquired a new stake in shares of Simon Property Group in the 3rd quarter valued at $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Simon Property Group during the 3rd quarter worth $33,000. BOK Financial Private Wealth Inc. purchased a new position in Simon Property Group in the fourth quarter valued at $34,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in Simon Property Group in the fourth quarter valued at $41,000. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on SPG shares. Morgan Stanley upped their price objective on Simon Property Group from $143.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Monday, February 26th. StockNews.com upgraded shares of Simon Property Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Evercore ISI boosted their price objective on shares of Simon Property Group from $142.00 to $150.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 28th. Finally, Truist Financial upped their target price on shares of Simon Property Group from $139.00 to $147.00 and gave the company a “hold” rating in a report on Friday, March 22nd. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.22.

Simon Property Group Stock Up 1.1 %

SPG stock opened at $142.93 on Monday. The company has a market cap of $46.58 billion, a price-to-earnings ratio of 20.48, a price-to-earnings-growth ratio of 7.50 and a beta of 1.68. The company has a fifty day moving average price of $148.21 and a 200 day moving average price of $138.41. The company has a debt-to-equity ratio of 7.54, a current ratio of 1.77 and a quick ratio of 1.77. Simon Property Group, Inc. has a 12 month low of $100.17 and a 12 month high of $157.82.

Simon Property Group (NYSE:SPG) last announced its earnings results on Monday, February 5th. The real estate investment trust reported $2.29 EPS for the quarter, missing analysts’ consensus estimates of $3.34 by ($1.05). Simon Property Group had a net margin of 42.30% and a return on equity of 70.97%. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the company posted $3.15 earnings per share. Simon Property Group’s quarterly revenue was up 9.1% on a year-over-year basis. Sell-side analysts expect that Simon Property Group, Inc. will post 12.06 earnings per share for the current year.

Simon Property Group announced that its board has authorized a share repurchase program on Thursday, February 8th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the real estate investment trust to purchase up to 4.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Simon Property Group Profile

Simon is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.