Tredje AP fonden decreased its position in Simon Property Group, Inc. (NYSE:SPG) by 21.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,790 shares of the real estate investment trust’s stock after selling 6,381 shares during the period. Tredje AP fonden’s holdings in Simon Property Group were worth $3,687,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Logan Capital Management Inc. boosted its holdings in Simon Property Group by 0.6% in the first quarter. Logan Capital Management Inc. now owns 2,435 shares of the real estate investment trust’s stock valued at $419,000 after acquiring an additional 15 shares during the last quarter. Whitnell & Co. boosted its holdings in Simon Property Group by 0.4% in the second quarter. Whitnell & Co. now owns 5,363 shares of the real estate investment trust’s stock valued at $868,000 after acquiring an additional 21 shares during the last quarter. Guardian Life Insurance Co. of America boosted its holdings in Simon Property Group by 2.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,235 shares of the real estate investment trust’s stock valued at $212,000 after acquiring an additional 31 shares during the last quarter. Sigma Planning Corp boosted its holdings in Simon Property Group by 1.1% during the second quarter. Sigma Planning Corp now owns 3,832 shares of the real estate investment trust’s stock worth $620,000 after buying an additional 40 shares during the last quarter. Finally, Stratos Wealth Partners LTD. boosted its holdings in Simon Property Group by 2.6% during the second quarter. Stratos Wealth Partners LTD. now owns 1,760 shares of the real estate investment trust’s stock worth $285,000 after buying an additional 45 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

A number of equities analysts have issued reports on SPG shares. Barclays PLC restated an “overweight” rating and set a $191.00 target price (down previously from $200.00) on shares of Simon Property Group in a report on Monday, May 15th. Royal Bank Of Canada restated a “hold” rating and set a $182.00 target price on shares of Simon Property Group in a report on Thursday, May 18th. Deutsche Bank AG raised their target price on Simon Property Group from $188.00 to $191.00 and gave the stock a “hold” rating in a report on Monday, May 22nd. Mizuho upgraded Simon Property Group from a “neutral” rating to a “buy” rating and set a $178.00 target price on the stock in a report on Tuesday, May 30th. Finally, ValuEngine cut Simon Property Group from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. Simon Property Group currently has an average rating of “Hold” and an average target price of $195.01.

Simon Property Group, Inc. (SPG) opened at 159.56 on Friday. Simon Property Group, Inc. has a 12-month low of $150.15 and a 12-month high of $215.56. The company has a market cap of $49.60 billion, a PE ratio of 28.44 and a beta of 0.58. The stock’s 50 day moving average price is $159.58 and its 200 day moving average price is $163.95.

Simon Property Group (NYSE:SPG) last announced its earnings results on Tuesday, August 1st. The real estate investment trust reported $2.47 EPS for the quarter, beating the consensus estimate of $2.44 by $0.03. Simon Property Group had a return on equity of 39.29% and a net margin of 32.07%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the company earned $2.63 EPS. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities research analysts anticipate that Simon Property Group, Inc. will post $6.34 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Thursday, August 17th were given a dividend of $1.80 per share. This is a positive change from Simon Property Group’s previous quarterly dividend of $1.75. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $7.20 annualized dividend and a dividend yield of 4.51%. Simon Property Group’s dividend payout ratio is presently 127.89%.

WARNING: “Tredje AP fonden Sells 6,381 Shares of Simon Property Group, Inc. (SPG)” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another domain, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this report can be read at https://www.thecerbatgem.com/2017/09/09/tredje-ap-fonden-sells-6381-shares-of-simon-property-group-inc-spg.html.

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.

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

Receive News & Stock Ratings for Simon Property Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simon Property Group Inc. and related stocks with our FREE daily email newsletter.