(NYSE:SPG) by 5.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,516 shares of the real estate investment trust's stock after selling 12,268 shares during the quarter. Kissinger Financial Services LLC grew its holdings in shares of Simon Property Group by 1.4% during the second quarter. HPM Partners LLC now owns 57,869 shares of the real estate investment trust's stock worth $5,201,000 after buying an additional 41,857 shares during the last quarter. Ltd. raised its stake in Simon Property Group by 3.0% in 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. Bronfman E.L. Rothschild L.P. raised its position in Simon Property Group by 27.3% in the 2nd quarter. Courier Capital Corp now owns 1,810 shares of the real estate investment trust's stock valued at $393,000 after buying an additional 99 shares during the last quarter.
Simon Property Group (NYSE:SPG) last posted its quarterly earnings data on Tuesday, August 1st. Aberdeen Asset Management PLC UK lifted its stake in shares of Simon Property Group by 5.9% during the 2nd 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. Tiaa Cref Invest Management Ltd Liability Com owns 1.41M shares. If you are viewing this piece on another website, it was illegally copied and reposted in violation of USA and global copyright & trademark legislation. If you are viewing this piece of content on another site, it was stolen and reposted in violation of United States and worldwide copyright law. Investors who are keeping close eye on the stock of Simon Property Group, Inc.
SPG has been the subject of a number of analyst reports. (The) raised Simon Property Group from a "neutral" rating to a "buy" rating and increased their price target for the company from $175.00 to $185.00 in a research report on Tuesday, June 20th. Zacks Investment Research upgraded shares of Simon Property Group from a "sell" rating to a "hold" rating in a research note on Thursday, June 22nd. Finally, Morgan Stanley reiterated an "equal weight" rating and issued a $158.00 price objective (down previously from $180.00) on shares of Simon Property Group in a research note on Saturday, June 3rd. Analysts have a mean recommendation of 1.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).
August 8 investment analysts at Barclays maintained a company rating of "Overweight" and moved up the price target from $188.00 to $190.00. Whittier Tru Of Nevada stated it has 0.02% in Simon Property Group Inc (NYSE:SPG). According to the ETF Finder at ETF Channel, SPG makes up 7.56% of the iShares Cohen & Steers REIT ETF ( ICF ) which is lower by about 0.3% on the day Wednesday. The company maintains price to book ratio of 0.00 vs.an industry average at 0.66.
Among 17 analysts covering Simon Property Group (NYSE:SPG), 11 have Buy rating, 0 Sell and 6 Hold. The firm has a 50-day moving average price of $159.57 and a 200 day moving average price of $163.47. (NYSE:SPG) opened at 182.07 on Tuesday. The company had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.37 billion. Simon Property Group had a return on equity of 39.00% and a net margin of 35.11%. During the same quarter in the previous year, the business posted $2.40 earnings per share. During the same period previous year, the company earned $2.63 EPS. The New York-based Goldman Sachs Group Inc has invested 0.18% in Simon Property Group Inc (NYSE:SPG).
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Thursday, August 17th were given a $1.80 dividend. Gulf Bancorporation (Uk) Limited stated it has 0.26% of its portfolio in Simon Property Group Inc (NYSE:SPG). This represents a $7.20 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date is Friday, February 10th. Simon Property Group's dividend payout ratio is 127.89%. The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. Finally, Eaton Vance Management lifted its stake in shares of Simon Property Group by 110.5% during the 2nd quarter.