Schroder Investment Management Group Buys 25,210 Shares of Simon Property Group, Inc. (NYSE:SPG)

Schroder Investment Management Group increased its position in Simon Property Group, Inc. (NYSE:SPG) by 2.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,022,772 shares of the real estate investment trust’s stock after acquiring an additional 25,210 shares during the quarter. Schroder Investment Management Group’s holdings in Simon Property Group were worth $176,132,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Simon Property Group in the fourth quarter worth approximately $2,059,505,000. Hamlin Capital Management LLC purchased a new position in Simon Property Group in the 4th quarter worth approximately $109,403,000. KBC Group NV lifted its position in Simon Property Group by 170.3% in 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 boosted 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 purchasing an additional 539,893 shares during the last quarter. Finally, Strategic Financial Concepts LLC increased its holdings in shares of Simon Property Group by 17,222.1% in 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 purchasing an additional 473,779 shares in the last quarter. 93.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SPG. Scotiabank set a $186.00 price objective on Simon Property Group in a research report on Friday, February 28th. Jefferies Financial Group raised shares of Simon Property Group from a “hold” rating to a “buy” rating and raised their price target for the company from $179.00 to $198.00 in a report on Thursday, January 2nd. StockNews.com downgraded shares of Simon Property Group from a “buy” rating to a “hold” rating in a research report on Saturday. Deutsche Bank Aktiengesellschaft started coverage on shares of Simon Property Group in a research report on Tuesday, December 17th. They issued a “hold” rating and a $195.00 target price for the company. Finally, Mizuho raised their price target on Simon Property Group from $158.00 to $182.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $180.33.

Simon Property Group Price Performance

Shares of Simon Property Group stock opened at $164.21 on Monday. The stock has a market cap of $53.58 billion, a P/E ratio of 22.62, 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. The stock’s fifty day moving average is $175.42 and its 200 day moving average is $174.53. Simon Property Group, Inc. has a one year low of $139.25 and a one year high of $190.14.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data 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%. Sell-side analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 5.12%. Simon Property Group’s payout ratio is currently 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.