Gyroscope Capital Management Group LLC lifted its holdings in Simon Property Group Inc (NYSE:SPG) by 4.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,500 shares of the real estate investment trust’s stock after purchasing an additional 1,623 shares during the period. Simon Property Group comprises about 2.9% of Gyroscope Capital Management Group LLC’s portfolio, making the stock its 14th largest holding. Gyroscope Capital Management Group LLC’s holdings in Simon Property Group were worth $5,716,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC increased its stake in shares of Simon Property Group by 69.7% in the 3rd quarter. Parallel Advisors LLC now owns 772 shares of the real estate investment trust’s stock valued at $124,000 after purchasing an additional 317 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in shares of Simon Property Group by 27.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 787 shares of the real estate investment trust’s stock valued at $127,000 after purchasing an additional 169 shares in the last quarter. Highstreet Asset Management Inc. purchased a new position in shares of Simon Property Group in the 2nd quarter valued at about $157,000. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of Simon Property Group by 0.7% in the 2nd 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 in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Simon Property Group by 791.3% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 47.60% of the company’s stock.

Several equities research analysts have commented on SPG shares. BMO Capital Markets started coverage on Simon Property Group in a research note on Monday, September 11th. They set an “outperform” rating and a $175.00 price objective for the company. BidaskClub lowered Simon Property Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Raymond James Financial set a $185.00 price objective on Simon Property Group and gave the stock a “buy” rating in a research note on Sunday, December 3rd. Mizuho set a $183.00 price objective on Simon Property Group and gave the stock a “buy” rating in a research note on Sunday, October 29th. Finally, Zacks Investment Research lowered Simon Property Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $191.11.

Shares of Simon Property Group Inc (NYSE SPG) traded down $0.52 during trading on Thursday, hitting $165.83. The stock had a trading volume of 1,878,200 shares, compared to its average volume of 1,827,047. The firm has a market cap of $106,425.75, a PE ratio of 15.11, a P/E/G ratio of 2.25 and a beta of 0.62. Simon Property Group Inc has a fifty-two week low of $150.15 and a fifty-two week high of $188.10. 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 issued its earnings results on Friday, October 27th. The real estate investment trust reported $2.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.88 by $0.01. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Simon Property Group had a return on equity of 41.85% and a net margin of 31.96%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.70 EPS. research analysts forecast that Simon Property Group Inc will post 11.2 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th were issued a dividend of $1.85 per share. This is a boost from Simon Property Group’s previous quarterly dividend of $1.80. This represents a $7.40 annualized dividend and a dividend yield of 4.46%. The ex-dividend date of this dividend was Wednesday, November 15th. Simon Property Group’s payout ratio is currently 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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