Amica Pension Fund Board of Trustees acquired a new position in Simon Property Group, Inc. (NYSE:SPG) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 27,020 shares of the real estate investment trust’s stock, valued at approximately $4,350,000.

Other hedge funds also recently modified their holdings of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in Simon Property Group by 0.7% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 973 shares of the real estate investment trust’s stock worth $157,000 after buying an additional 7 shares in the last quarter. Whitnell & Co. lifted its holdings in Simon Property Group by 0.4% during the 2nd quarter. Whitnell & Co. now owns 5,363 shares of the real estate investment trust’s stock worth $868,000 after buying an additional 21 shares in the last quarter. WFG Advisors LP lifted its holdings in Simon Property Group by 1.3% during the 2nd quarter. WFG Advisors LP now owns 1,841 shares of the real estate investment trust’s stock worth $298,000 after buying an additional 23 shares in the last quarter. Sigma Planning Corp lifted its holdings in Simon Property Group by 1.1% during the 2nd 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 in the last quarter. Finally, Stratos Wealth Partners LTD. lifted its holdings in Simon Property Group by 2.6% during the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 95.24% of the company’s stock.

A number of brokerages have commented on SPG. Boenning Scattergood set a $240.00 price objective on shares of Simon Property Group and gave the company a “buy” rating in a research report on Wednesday, August 2nd. BMO Capital Markets began coverage on shares of Simon Property Group in a research report on Monday, September 11th. They issued an “outperform” rating and a $175.00 price objective on the stock. BidaskClub raised shares of Simon Property Group from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Barclays PLC increased their target price on shares of Simon Property Group from $188.00 to $190.00 and gave the company an “overweight” rating in a research report on Tuesday, August 8th. Finally, Mizuho set a $183.00 target price on shares of Simon Property Group and gave the company a “buy” rating in a research report on Sunday, October 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. Simon Property Group has an average rating of “Buy” and an average price target of $191.45.

Shares of Simon Property Group, Inc. (NYSE SPG) traded down $0.82 during midday trading on Friday, reaching $158.33. 1,152,200 shares of the company’s stock were exchanged, compared to its average volume of 1,821,601. Simon Property Group, Inc. has a 52 week low of $150.15 and a 52 week high of $188.10. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 5.57. The firm has a market cap of $101,294.79, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 2.14 and a beta of 0.60.

Simon Property Group (NYSE:SPG) last issued its earnings results on Friday, October 27th. The real estate investment trust reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.01. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.39 billion. Simon Property Group had a return on equity of 41.85% and a net margin of 31.96%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.70 EPS. sell-side analysts anticipate that Simon Property Group, Inc. will post 11.2 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be issued a dividend of $1.85 per share. This represents a $7.40 annualized dividend and a yield of 4.67%. The ex-dividend date of this dividend is Wednesday, November 15th. This is an increase from Simon Property Group’s previous quarterly dividend of $1.80. Simon Property Group’s dividend payout ratio (DPR) is 130.51%.

TRADEMARK VIOLATION WARNING: “Amica Pension Fund Board of Trustees Acquires New Holdings in Simon Property Group, Inc. (SPG)” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://www.thecerbatgem.com/2017/11/24/amica-pension-fund-board-of-trustees-acquires-new-holdings-in-simon-property-group-inc-spg.html.

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.

Want to see what other hedge funds are holding SPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Simon Property Group, Inc. (NYSE:SPG).

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.