EJF Capital LLC acquired a new position in shares of Simon Property Group Inc (NYSE:SPG) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,000 shares of the real estate investment trust’s stock, valued at approximately $483,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPG. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Simon Property Group by 27.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 787 shares of the real estate investment trust’s stock worth $127,000 after buying an additional 169 shares in the last quarter. Highstreet Asset Management Inc. bought a new stake in shares of Simon Property Group during the second quarter valued at approximately $157,000. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in shares of Simon Property Group by 0.7% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 973 shares of the real estate investment trust’s stock valued at $157,000 after purchasing an additional 7 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Simon Property Group during the second quarter valued at approximately $162,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Simon Property Group by 791.3% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,455 shares of the real estate investment trust’s stock valued at $175,000 after purchasing an additional 4,843 shares during the last quarter. 47.60% of the stock is owned by institutional investors.

Several research firms have recently commented on SPG. BMO Capital Markets began coverage on shares of Simon Property Group in a research note on Monday, September 11th. They set an “outperform” rating and a $175.00 price target on the stock. Barclays increased their price target on shares of Simon Property Group from $188.00 to $190.00 and gave the company an “overweight” rating in a research note on Tuesday, August 8th. Raymond James Financial set a $185.00 price target on shares of Simon Property Group and gave the company a “buy” rating in a research note on Sunday. BidaskClub cut shares of Simon Property Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Finally, Mizuho set a $183.00 price target on shares of Simon Property Group and gave the company a “buy” rating in a research note on Sunday, October 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. Simon Property Group presently has an average rating of “Buy” and a consensus price target of $191.11.

Shares of Simon Property Group Inc (NYSE SPG) traded down $0.92 during mid-day trading on Wednesday, reaching $162.75. 2,010,500 shares of the company’s stock were exchanged, compared to its average volume of 1,826,829. Simon Property Group Inc has a 1 year low of $150.15 and a 1 year high of $188.10. The company has a market capitalization of $104,711.16, a PE ratio of 14.87, a PEG ratio of 2.21 and a beta of 0.62. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 5.57.

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

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th were paid a $1.85 dividend. The ex-dividend date of this dividend was Wednesday, November 15th. This is a boost from Simon Property Group’s previous quarterly dividend of $1.80. This represents a $7.40 dividend on an annualized basis and a yield of 4.55%. Simon Property Group’s dividend payout ratio (DPR) is presently 130.51%.

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

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