Simon Property Group Inc (SPG) Shares Sold by American Century Companies Inc.

American Century Companies Inc. cut its stake in Simon Property Group Inc (NYSE:SPG) by 5.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 664,890 shares of the real estate investment trust’s stock after selling 40,272 shares during the period. American Century Companies Inc.’s holdings in Simon Property Group were worth $114,188,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. WFG Advisors LP boosted its stake in Simon Property Group by 1.3% in the 2nd quarter. WFG Advisors LP now owns 1,841 shares of the real estate investment trust’s stock worth $298,000 after purchasing an additional 23 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in Simon Property Group by 1.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 15,596 shares of the real estate investment trust’s stock worth $2,523,000 after buying an additional 173 shares in the last quarter. Parallel Advisors LLC lifted its position in Simon Property Group by 69.7% during the 3rd quarter. Parallel Advisors LLC now owns 772 shares of the real estate investment trust’s stock worth $124,000 after buying an additional 317 shares in the last quarter. Advisor Partners LLC lifted its position in Simon Property Group by 7.6% during the 4th quarter. Advisor Partners LLC now owns 4,540 shares of the real estate investment trust’s stock worth $746,000 after buying an additional 322 shares in the last quarter. Finally, Phocas Financial Corp. lifted its position in Simon Property Group by 2.5% during the 2nd quarter. Phocas Financial Corp. now owns 13,323 shares of the real estate investment trust’s stock worth $2,155,000 after buying an additional 325 shares in the last quarter. 47.57% of the stock is owned by hedge funds and other institutional investors.

Shares of Simon Property Group Inc (NYSE SPG) opened at $152.18 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.75 and a debt-to-equity ratio of 5.87. The stock has a market cap of $48,690.00, a PE ratio of 24.39, a PEG ratio of 1.99 and a beta of 0.55. Simon Property Group Inc has a fifty-two week low of $150.15 and a fifty-two week high of $187.35.

Simon Property Group (NYSE:SPG) last issued its earnings results on Wednesday, January 31st. The real estate investment trust reported $3.12 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $3.12. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Simon Property Group had a net margin of 35.14% and a return on equity of 44.93%. Simon Property Group’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 EPS. analysts predict that Simon Property Group Inc will post 12 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be issued a $1.95 dividend. This represents a $7.80 dividend on an annualized basis and a dividend yield of 5.13%. This is a boost from Simon Property Group’s previous quarterly dividend of $1.85. The ex-dividend date of this dividend is Tuesday, February 13th. Simon Property Group’s dividend payout ratio is presently 118.59%.

Several equities research analysts have commented on SPG shares. Boenning Scattergood set a $240.00 price target on shares of Simon Property Group and gave the stock a “buy” rating in a research report on Monday, October 30th. Zacks Investment Research cut shares of Simon Property Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Stifel Nicolaus reissued a “hold” rating and set a $170.00 price target on shares of Simon Property Group in a research report on Thursday, October 12th. Barclays reissued a “buy” rating and set a $190.00 price target on shares of Simon Property Group in a research report on Wednesday, January 31st. Finally, Raymond James Financial set a $185.00 price target on shares of Simon Property Group and gave the stock a “buy” rating in a research report on Sunday, December 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $191.11.

In other news, SVP Steven K. Broadwater sold 621 shares of the company’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $171.95, for a total value of $106,780.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 8.42% of the stock is currently owned by corporate insiders.

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Simon Property Group Company 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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