BlueCrest Capital Management Ltd acquired a new position in Simon Property Group, Inc. (NYSE:SPG) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 43,286 shares of the real estate investment trust’s stock, valued at approximately $7,002,000.

Several other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Simon Property Group by 0.6% in the second quarter. Vanguard Group Inc. now owns 45,741,576 shares of the real estate investment trust’s stock worth $7,399,158,000 after acquiring an additional 259,901 shares during the period. BlackRock Inc. raised its position in shares of Simon Property Group by 1,886.1% in the first quarter. BlackRock Inc. now owns 29,769,454 shares of the real estate investment trust’s stock worth $5,121,238,000 after acquiring an additional 28,270,599 shares during the period. Capital World Investors raised its position in shares of Simon Property Group by 25.4% in the second quarter. Capital World Investors now owns 20,788,000 shares of the real estate investment trust’s stock worth $3,362,667,000 after acquiring an additional 4,210,000 shares during the period. State Street Corp raised its position in shares of Simon Property Group by 0.7% in the first quarter. State Street Corp now owns 18,280,079 shares of the real estate investment trust’s stock worth $3,144,722,000 after acquiring an additional 118,826 shares during the period. Finally, APG Asset Management US Inc. raised its position in shares of Simon Property Group by 7.4% in the second quarter. APG Asset Management US Inc. now owns 7,258,540 shares of the real estate investment trust’s stock worth $1,174,141,000 after acquiring an additional 498,800 shares during the period. Institutional investors and hedge funds own 94.95% of the company’s stock.

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Shares of Simon Property Group, Inc. (SPG) traded down 0.63% during mid-day trading on Friday, reaching $160.24. 1,162,218 shares of the company traded hands. Simon Property Group, Inc. has a 52 week low of $150.15 and a 52 week high of $199.85. The stock’s 50-day moving average is $159.11 and its 200-day moving average is $161.67. The company has a market capitalization of $49.81 billion, a P/E ratio of 28.56 and a beta of 0.60.

Simon Property Group (NYSE:SPG) last announced its earnings results on Tuesday, August 1st. The real estate investment trust reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.03. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Simon Property Group had a net margin of 32.07% and a return on equity of 39.29%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.63 earnings per share. On average, equities analysts predict that Simon Property Group, Inc. will post $6.35 EPS for the current fiscal year.

A number of research analysts have weighed in on the stock. Boenning Scattergood set a $240.00 price objective on shares of Simon Property Group and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Barclays PLC upped their price objective on shares of Simon Property Group from $188.00 to $190.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 8th. Argus decreased their price objective on shares of Simon Property Group from $225.00 to $210.00 and set a “buy” rating for the company in a research report on Thursday, June 29th. Jefferies Group LLC reiterated a “buy” rating and issued a $190.00 price objective on shares of Simon Property Group in a research report on Monday, July 17th. Finally, BidaskClub upgraded shares of Simon Property Group from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 16th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $193.76.

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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