Amica Retiree Medical Trust acquired a new stake in shares of Simon Property Group, Inc. (NYSE:SPG) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,120 shares of the real estate investment trust’s stock, valued at approximately $663,000.

Several other institutional investors have also recently modified their holdings of SPG. Bronfman E.L. Rothschild L.P. grew its position 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 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 during the second quarter valued at about $157,000. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position 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 in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Simon Property Group during the second quarter valued at about $162,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its position 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 in the last quarter. Hedge funds and other institutional investors own 95.24% of the company’s stock.

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A number of brokerages recently commented on SPG. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $176.00 price target on shares of Simon Property Group in a report on Thursday, November 2nd. Argus lowered their price target on shares of Simon Property Group from $200.00 to $195.00 and set a “buy” rating for the company in a report on Tuesday, October 31st. Zacks Investment Research raised shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $182.00 price target for the company in a report on Wednesday, October 11th. Mizuho set a $183.00 price target on shares of Simon Property Group and gave the company a “buy” rating in a report on Sunday, October 29th. Finally, Boenning Scattergood set a $240.00 price target on shares of Simon Property Group and gave the company a “buy” rating in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. Simon Property Group presently has an average rating of “Buy” and an average price target of $191.45.

Shares of Simon Property Group, Inc. (NYSE:SPG) traded down $0.82 during midday trading on Friday, reaching $158.33. 1,152,200 shares of the company’s stock traded hands, compared to its average volume of 1,821,601. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 5.57. The company has a market capitalization of $101,294.79, a P/E ratio of 14.38, a P/E/G ratio of 2.14 and a beta of 0.60. Simon Property Group, Inc. has a twelve month low of $150.15 and a twelve month high of $188.10.

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, topping the Thomson Reuters’ consensus estimate of $2.88 by $0.01. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. Simon Property Group had a net margin of 31.96% and a return on equity of 41.85%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.70 earnings per share. research analysts predict that Simon Property Group, Inc. will post 11.2 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be paid a $1.85 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $7.40 annualized dividend and a yield of 4.67%. This is an increase from Simon Property Group’s previous quarterly dividend of $1.80. Simon Property Group’s dividend payout ratio (DPR) is presently 130.51%.

About Simon Property Group

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.

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

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