Wasatch Advisors Inc. increased its stake in shares of Simon Property Group Inc (NYSE:SPG) by 32.3% during the 4th quarter, Holdings Channel reports. The firm owned 3,685 shares of the real estate investment trust’s stock after acquiring an additional 900 shares during the quarter. Wasatch Advisors Inc.’s holdings in Simon Property Group were worth $633,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 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. WFG Advisors LP grew its stake in shares of Simon Property Group by 1.3% during the second quarter. WFG Advisors LP now owns 1,841 shares of the real estate investment trust’s stock valued at $298,000 after purchasing an additional 23 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Simon Property Group by 1.1% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 15,596 shares of the real estate investment trust’s stock valued at $2,523,000 after purchasing an additional 173 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Simon Property Group by 69.7% during the third 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 during the last quarter. Finally, Phocas Financial Corp. grew its stake in shares of Simon Property Group by 2.5% during the second quarter. Phocas Financial Corp. now owns 13,323 shares of the real estate investment trust’s stock valued at $2,155,000 after purchasing an additional 325 shares during the last quarter. 47.52% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently commented on SPG shares. SunTrust Banks set a $170.00 price target on shares of Simon Property Group and gave the company a “hold” rating in a research note on Sunday, October 29th. Stifel Nicolaus reissued a “hold” rating and set a $170.00 price target on shares of Simon Property Group in a research note on Thursday, October 12th. Royal Bank of Canada reissued a “hold” rating and set a $176.00 price target on shares of Simon Property Group in a research note on Thursday, November 2nd. Argus decreased their price target on shares of Simon Property Group from $200.00 to $195.00 and set a “buy” rating on the stock in a research note on Tuesday, October 31st. Finally, Boenning Scattergood set a $240.00 price target on shares of Simon Property Group and gave the company a “buy” rating in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $191.11.

In other Simon Property Group news, CAO Steven K. Broadwater sold 621 shares of the firm’s stock in a transaction that occurred on Saturday, December 29th. The shares were sold at an average price of $171.95, for a total value of $106,780.95. Following the transaction, the chief accounting officer now directly owns 2,290 shares of the company’s stock, valued at $393,765.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 8.42% of the stock is currently owned by company insiders.

Simon Property Group Inc (NYSE:SPG) opened at $164.24 on Friday. Simon Property Group Inc has a 52 week low of $150.15 and a 52 week high of $187.35. The stock has a market cap of $105,075.83, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 2.05 and a beta of 0.62. The company has a quick ratio of 0.93, a current 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. equities research analysts predict that Simon Property Group Inc will post 11.21 EPS for the current year.

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Simon Property Group 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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