Cpwm LLC bought a new position in shares of Simon Property Group Inc (NYSE:SPG) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 1,282 shares of the real estate investment trust’s stock, valued at approximately $220,000.

A number of other large investors also recently made changes to their positions in the stock. Cohen & Steers Inc. raised its position in Simon Property Group by 6.2% during the 3rd quarter. Cohen & Steers Inc. now owns 12,350,345 shares of the real estate investment trust’s stock worth $1,988,529,000 after purchasing an additional 719,375 shares during the last quarter. APG Asset Management US Inc. raised its position in Simon Property Group by 0.3% during the 4th quarter. APG Asset Management US Inc. now owns 7,517,948 shares of the real estate investment trust’s stock worth $1,291,132,000 after purchasing an additional 24,208 shares during the last quarter. Bank of New York Mellon Corp raised its position in Simon Property Group by 13.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,628,178 shares of the real estate investment trust’s stock worth $1,067,204,000 after purchasing an additional 789,384 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Simon Property Group by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,460,741 shares of the real estate investment trust’s stock worth $718,227,000 after purchasing an additional 21,676 shares during the last quarter. Finally, PGGM Investments raised its position in Simon Property Group by 2.3% during the 3rd quarter. PGGM Investments now owns 3,637,334 shares of the real estate investment trust’s stock worth $585,647,000 after purchasing an additional 83,093 shares during the last quarter. 47.59% of the stock is owned by institutional investors and hedge funds.

Shares of Simon Property Group Inc (NYSE SPG) opened at $156.52 on Monday. The company has a current ratio of 1.75, a quick ratio of 0.93 and a debt-to-equity ratio of 5.87. Simon Property Group Inc has a 1-year low of $150.15 and a 1-year high of $187.35. The firm has a market capitalization of $100,136.80, a PE ratio of 25.04, a price-to-earnings-growth ratio of 1.98 and a beta of 0.55.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $3.12 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $3.12. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.45 billion. Simon Property Group had a return on equity of 44.93% and a net margin of 35.14%. The business’s revenue was up .1% compared to the same quarter last year. During the same period last year, the business posted $1.26 EPS. sell-side analysts predict that Simon Property Group Inc will post 12.01 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be paid a $1.95 dividend. The ex-dividend date is Tuesday, February 13th. This is an increase from Simon Property Group’s previous quarterly dividend of $1.85. This represents a $7.80 annualized dividend and a dividend yield of 4.98%. Simon Property Group’s dividend payout ratio (DPR) is currently 118.40%.

Several brokerages recently issued reports on SPG. Zacks Investment Research lowered Simon Property Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Royal Bank of Canada reaffirmed a “hold” rating and set a $176.00 target price on shares of Simon Property Group in a research report on Thursday, November 2nd. Argus lowered their target price on Simon Property Group from $200.00 to $195.00 and set a “buy” rating for the company in a research report on Tuesday, October 31st. Mizuho set a $183.00 target price on Simon Property Group and gave the stock a “buy” rating in a research report on Sunday, October 29th. Finally, ValuEngine lowered Simon Property Group from a “buy” rating to a “hold” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $191.11.

In other news, SVP Steven K. Broadwater sold 621 shares of the firm’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $171.95, for a total value of $106,780.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 8.42% of the company’s stock.

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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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