Investors bought shares of Simon Property Group Inc (NYSE:SPG) on weakness during trading hours on Monday. $79.75 million flowed into the stock on the tick-up and $29.52 million flowed out of the stock on the tick-down, for a money net flow of $50.23 million into the stock. Of all companies tracked, Simon Property Group had the 10th highest net in-flow for the day. Simon Property Group traded down ($0.85) for the day and closed at $180.07

SPG has been the subject of a number of research reports. Jefferies Financial Group restated a “$170.72” rating and issued a $194.00 price objective on shares of Simon Property Group in a report on Wednesday, July 18th. Wells Fargo & Co restated an “outperform” rating and issued a $175.00 price objective (down previously from $185.00) on shares of Simon Property Group in a report on Tuesday, May 1st. ValuEngine cut shares of Simon Property Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Barclays lifted their price objective on shares of Simon Property Group from $184.00 to $192.00 and gave the company an “overweight” rating in a report on Tuesday, July 17th. Finally, Royal Bank of Canada lifted their price objective on shares of Simon Property Group to $183.00 and gave the company a “sector perform” rating in a report on Tuesday, August 21st. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Simon Property Group presently has a consensus rating of “Buy” and a consensus price target of $188.23.

The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 6.13. The company has a market capitalization of $57.95 billion, a PE ratio of 16.27, a P/E/G ratio of 2.49 and a beta of 0.57.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Monday, July 30th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.13. Simon Property Group had a net margin of 40.11% and a return on equity of 55.59%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the firm earned $1.23 earnings per share. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. analysts expect that Simon Property Group Inc will post 12.11 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 31st. Investors of record on Friday, August 17th will be paid a $2.00 dividend. The ex-dividend date is Thursday, August 16th. This represents a $8.00 dividend on an annualized basis and a yield of 4.39%. This is an increase from Simon Property Group’s previous quarterly dividend of $1.94. Simon Property Group’s payout ratio is currently 71.36%.

In related news, CAO Steven K. Broadwater sold 859 shares of Simon Property Group stock in a transaction that occurred on Friday, June 29th. The shares were sold at an average price of $170.28, for a total value of $146,270.52. Following the completion of the transaction, the chief accounting officer now owns 1,734 shares in the company, valued at $295,265.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Rulli sold 1,330 shares of Simon Property Group stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $177.05, for a total transaction of $235,476.50. The disclosure for this sale can be found here. 8.64% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the stock. Global X Management Co. LLC lifted its position in shares of Simon Property Group by 35.7% during the 1st quarter. Global X Management Co. LLC now owns 2,469 shares of the real estate investment trust’s stock worth $381,000 after buying an additional 649 shares during the last quarter. Lincluden Management Ltd. lifted its position in shares of Simon Property Group by 19.4% during the 1st quarter. Lincluden Management Ltd. now owns 26,405 shares of the real estate investment trust’s stock worth $4,076,000 after buying an additional 4,285 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its position in shares of Simon Property Group by 15.1% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 617,411 shares of the real estate investment trust’s stock worth $95,297,000 after buying an additional 81,007 shares during the last quarter. Wasatch Advisors Inc. lifted its position in shares of Simon Property Group by 16.3% during the 1st quarter. Wasatch Advisors Inc. now owns 4,285 shares of the real estate investment trust’s stock worth $661,000 after buying an additional 600 shares during the last quarter. Finally, FDx Advisors Inc. lifted its position in shares of Simon Property Group by 13.2% during the 1st quarter. FDx Advisors Inc. now owns 4,761 shares of the real estate investment trust’s stock worth $735,000 after buying an additional 555 shares during the last quarter. Institutional investors own 94.27% of the company’s stock.

About Simon Property Group (NYSE:SPG)

Simon is a global leader in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.

Featured Story: Marijuana Stocks Investing Considerations

Receive News & Ratings for Simon Property Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simon Property Group and related companies with MarketBeat.com's FREE daily email newsletter.