Nisa Investment Advisors LLC Acquires 17,172 Shares of Simon Property Group Inc (SPG)

Nisa Investment Advisors LLC boosted its holdings in Simon Property Group Inc (NYSE:SPG) by 17.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 115,761 shares of the real estate investment trust’s stock after acquiring an additional 17,172 shares during the period. Nisa Investment Advisors LLC’s holdings in Simon Property Group were worth $19,881,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SPG. Capital World Investors lifted its holdings in Simon Property Group by 25.4% in the second quarter. Capital World Investors now owns 20,788,000 shares of the real estate investment trust’s stock worth $3,362,667,000 after acquiring an additional 4,210,000 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Simon Property Group by 13.5% during the third quarter. Bank of New York Mellon Corp now owns 6,628,178 shares of the real estate investment trust’s stock valued at $1,067,204,000 after buying an additional 789,384 shares during the last quarter. Cohen & Steers Inc. raised its holdings in shares of Simon Property Group by 6.2% during the third quarter. Cohen & Steers Inc. now owns 12,350,345 shares of the real estate investment trust’s stock valued at $1,988,529,000 after buying an additional 719,375 shares during the last quarter. Brookfield Asset Management Inc. raised its holdings in shares of Simon Property Group by 28.4% during the second quarter. Brookfield Asset Management Inc. now owns 3,124,419 shares of the real estate investment trust’s stock valued at $505,406,000 after buying an additional 690,169 shares during the last quarter. Finally, Koch Industries Inc. bought a new stake in shares of Simon Property Group during the second quarter valued at approximately $456,000. 47.38% of the stock is currently owned by hedge funds and other institutional investors.

Simon Property Group Inc (SPG) opened at $165.51 on Friday. Simon Property Group Inc has a 12 month low of $150.15 and a 12 month high of $187.35. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 5.57. The company has a market cap of $52,960.00, a P/E ratio of 29.24, a P/E/G ratio of 2.06 and a beta of 0.62.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $2.89 EPS for the quarter, beating the Zacks’ consensus estimate of $2.88 by $0.01. Simon Property Group had a net margin of 31.96% and a return on equity of 41.85%. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the business earned $2.70 earnings per share. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. research analysts expect that Simon Property Group Inc will post 11.21 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on SPG shares. Boenning Scattergood set a $240.00 price target on Simon Property Group and gave the company a “buy” rating in a report on Monday, October 30th. Zacks Investment Research cut Simon Property Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Stifel Nicolaus reaffirmed a “hold” rating and set a $170.00 price target on shares of Simon Property Group in a report on Thursday, October 12th. Raymond James Financial set a $185.00 price target on Simon Property Group and gave the company a “buy” rating in a report on Sunday, December 3rd. Finally, SunTrust Banks set a $170.00 price target on Simon Property Group and gave the company a “hold” rating in a report on Sunday, October 29th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. Simon Property Group has an average rating of “Buy” and a consensus price target of $191.11.

In related news, SVP Steven K. Broadwater sold 621 shares of the firm’s stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $171.95, for a total transaction of $106,780.95. The transaction was disclosed in a document filed with the SEC, which is available at this link. 8.42% of the stock is owned by company insiders.

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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.

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

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