Investec Asset Management North America Inc. continued to hold its stake in shares of Simon Property Group, Inc. (NYSE:SPG) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,900 shares of the real estate investment trust’s stock at the end of the first quarter. Investec Asset Management North America Inc.’s holdings in Simon Property Group were worth $671,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Capital Analysts LLC increased its position in shares of Simon Property Group by 3.4% in the fourth quarter. Capital Analysts LLC now owns 6,128 shares of the real estate investment trust’s stock worth $1,089,000 after buying an additional 204 shares in the last quarter. GenTrust LLC acquired a new position in shares of Simon Property Group during the fourth quarter worth $233,000. Teza Capital Management LLC acquired a new position in shares of Simon Property Group during the fourth quarter worth $240,000. Baird Financial Group Inc. increased its position in shares of Simon Property Group by 11.1% in the fourth quarter. Baird Financial Group Inc. now owns 34,866 shares of the real estate investment trust’s stock worth $6,195,000 after buying an additional 3,473 shares in the last quarter. Finally, Tredje AP fonden increased its position in shares of Simon Property Group by 23.7% in the fourth quarter. Tredje AP fonden now owns 38,504 shares of the real estate investment trust’s stock worth $6,841,000 after buying an additional 7,374 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

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

Simon Property Group, Inc. (NYSE SPG) traded down 0.29% during mid-day trading on Friday, hitting $160.26. The stock had a trading volume of 4,639,236 shares. The company has a market capitalization of $50.03 billion, a P/E ratio of 27.42 and a beta of 0.61. The stock’s 50-day moving average is $158.97 and its 200 day moving average is $173.00. Simon Property Group, Inc. has a 52 week low of $150.15 and a 52 week high of $229.10.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Thursday, April 27th. The real estate investment trust reported $2.74 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.76 by $0.02. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.36 billion. Simon Property Group had a net margin of 34.99% and a return on equity of 40.16%. Simon Property Group’s revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.63 EPS. Equities analysts forecast that Simon Property Group, Inc. will post $6.52 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 31st. Stockholders of record on Wednesday, May 17th were issued a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 4.37%. The ex-dividend date of this dividend was Monday, May 15th. Simon Property Group’s payout ratio is 119.66%.

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A number of research analysts have recently weighed in on the company. Morgan Stanley reiterated an “equal weight” rating and set a $158.00 price target (down previously from $180.00) on shares of Simon Property Group in a report on Saturday, June 3rd. Zacks Investment Research downgraded Simon Property Group from a “hold” rating to a “sell” rating in a report on Wednesday. BTIG Research reiterated a “buy” rating and set a $231.00 price target on shares of Simon Property Group in a report on Monday, April 3rd. ValuEngine downgraded Simon Property Group from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Barclays PLC reiterated an “overweight” rating and set a $191.00 price target (down previously from $200.00) on shares of Simon Property Group in a report on Monday, May 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $204.37.

In related news, Director Reuben S. Leibowitz acquired 1,400 shares of the firm’s stock in a transaction dated Tuesday, March 28th. The stock was bought at an average price of $166.00 per share, for a total transaction of $232,400.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 8.42% of the stock is owned by company insiders.

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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