Simon Property Group, Inc. (SPG) Holdings Reduced by Stephens Inc. AR

Stephens Inc. AR trimmed its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 16.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,244 shares of the real estate investment trust’s stock after selling 7,663 shares during the quarter. Stephens Inc. AR’s holdings in Simon Property Group were worth $6,186,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kissinger Financial Services LLC boosted its stake in Simon Property Group by 1.4% during the second quarter. Kissinger Financial Services LLC now owns 22,047 shares of the real estate investment trust’s stock worth $3,566,000 after buying an additional 294 shares during the period. Principal Financial Group Inc. lifted its position in shares of Simon Property Group by 9.7% during the second quarter. Principal Financial Group Inc. now owns 6,112,741 shares of the real estate investment trust’s stock worth $988,797,000 after purchasing an additional 542,743 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of Simon Property Group by 16.6% during the first quarter. Private Advisor Group LLC now owns 5,150 shares of the real estate investment trust’s stock worth $877,000 after purchasing an additional 734 shares during the last quarter. United Services Automobile Association lifted its position in shares of Simon Property Group by 0.5% during the first quarter. United Services Automobile Association now owns 130,911 shares of the real estate investment trust’s stock worth $22,521,000 after purchasing an additional 617 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of Simon Property Group by 150.5% during the first quarter. HighTower Advisors LLC now owns 46,678 shares of the real estate investment trust’s stock worth $8,047,000 after purchasing an additional 28,041 shares during the last quarter. 95.16% of the stock is owned by institutional investors.

Simon Property Group, Inc. (NYSE SPG) traded up 0.4324% during midday trading on Monday, reaching $160.2499. The company’s stock had a trading volume of 209,306 shares. The stock’s 50 day moving average is $159.55 and its 200 day moving average is $163.65. The stock has a market cap of $49.81 billion, a P/E ratio of 28.5600 and a beta of 0.58. Simon Property Group, Inc. has a 12-month low of $150.15 and a 12-month high of $215.56.

Simon Property Group (NYSE:SPG) last announced its earnings results on Tuesday, August 1st. The real estate investment trust reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.03. Simon Property Group had a return on equity of 39.29% and a net margin of 32.07%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period last year, the business posted $2.63 EPS. The company’s revenue was up 3.5% on a year-over-year basis. Analysts anticipate that Simon Property Group, Inc. will post $6.34 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Thursday, August 17th were paid a $1.80 dividend. The ex-dividend date was Tuesday, August 15th. This is an increase from Simon Property Group’s previous quarterly dividend of $1.75. This represents a $7.20 dividend on an annualized basis and a dividend yield of 4.51%. Simon Property Group’s payout ratio is 127.89%.

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Several analysts have recently weighed in on the company. Jefferies Group LLC reiterated a “buy” rating and set a $190.00 target price on shares of Simon Property Group in a research report on Monday, July 17th. Boenning Scattergood set a $240.00 target price on Simon Property Group and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Argus decreased their target price on Simon Property Group from $225.00 to $210.00 and set a “buy” rating for the company in a research report on Thursday, June 29th. Zacks Investment Research upgraded Simon Property Group from a “sell” rating to a “hold” rating in a research report on Thursday, June 22nd. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $182.00 target price on shares of Simon Property Group in a research report on Thursday, May 18th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $195.01.

Simon Property Group Profile

Simon Property Group, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. Simon Property Group, L.P. (Operating Partnership), is the Company’s partnership subsidiary that owns all of its real estate properties and other assets.

Institutional Ownership by Quarter for Simon Property Group (NYSE:SPG)

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