Robeco Institutional Asset Management B.V. lowered its stake in Simon Property Group Inc. (NYSE:SPG) by 6.8% during the third quarter, Holdings Channel reports. The fund owned 139,258 shares of the real estate investment trust’s stock after selling 10,104 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Simon Property Group were worth $28,828,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SPG. Sigma Planning Corp boosted its position in Simon Property Group by 20.9% in the third quarter. Sigma Planning Corp now owns 1,421 shares of the real estate investment trust’s stock valued at $294,000 after buying an additional 246 shares during the period. Ngam Advisors L.P. boosted its position in Simon Property Group by 2.4% in the third quarter. Ngam Advisors L.P. now owns 139,794 shares of the real estate investment trust’s stock valued at $28,939,000 after buying an additional 3,274 shares during the period. Assetmark Inc. boosted its position in Simon Property Group by 8.2% in the third quarter. Assetmark Inc. now owns 44,993 shares of the real estate investment trust’s stock valued at $9,314,000 after buying an additional 3,394 shares during the period. Global X Management Co. LLC boosted its position in Simon Property Group by 345.1% in the third quarter. Global X Management Co. LLC now owns 2,506 shares of the real estate investment trust’s stock valued at $519,000 after buying an additional 1,943 shares during the period. Finally, Bronfman E.L. Rothschild L.P. boosted its position in Simon Property Group by 120.6% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 973 shares of the real estate investment trust’s stock valued at $201,000 after buying an additional 532 shares during the period. Institutional investors own 97.03% of the company’s stock.

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

Shares of Simon Property Group Inc. (NYSE:SPG) traded up 0.68% on Tuesday, reaching $182.57. The company’s stock had a trading volume of 354,288 shares. Simon Property Group Inc. has a 52-week low of $174.91 and a 52-week high of $229.10. The firm’s 50 day moving average is $187.51 and its 200-day moving average is $205.04. The stock has a market cap of $57.37 billion, a P/E ratio of 31.10 and a beta of 0.65.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Wednesday, October 26th. The real estate investment trust reported $2.70 EPS for the quarter, beating the Zacks’ consensus estimate of $2.68 by $0.02. Simon Property Group had a return on equity of 36.22% and a net margin of 35.37%. The firm earned $1.36 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter last year, the firm posted $2.54 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities research analysts forecast that Simon Property Group Inc. will post $10.80 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Wednesday, November 16th will be paid a $1.65 dividend. The ex-dividend date is Monday, November 14th. This represents a $6.60 dividend on an annualized basis and a yield of 3.64%. Simon Property Group’s dividend payout ratio (DPR) is presently 112.25%.

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Several equities analysts have recently weighed in on SPG shares. Jefferies Group reiterated a “buy” rating and set a $255.00 price objective on shares of Simon Property Group in a report on Sunday, October 23rd. Canaccord Genuity restated a “buy” rating on shares of Simon Property Group in a research note on Friday, September 16th. BTIG Research initiated coverage on Simon Property Group in a research note on Thursday, August 25th. They issued a “buy” rating and a $266.00 target price on the stock. Deutsche Bank AG boosted their target price on Simon Property Group from $232.00 to $233.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Finally, Argus set a $245.00 target price on Simon Property Group and gave the company a “buy” rating in a research note on Thursday, August 11th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $236.24.

In other news, SVP Steven K. Broadwater sold 945 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $215.41, for a total value of $203,562.45. Following the transaction, the senior vice president now owns 2,965 shares in the company, valued at $638,690.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.50% of the stock is owned by insiders.

About Simon Property Group

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.

5 Day Chart for NYSE:SPG

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