Traders sold shares of Simon Property Group, Inc. (NYSE:SPG) on strength during trading on Tuesday. $40.10 million flowed into the stock on the tick-up and $83.50 million flowed out of the stock on the tick-down, for a money net flow of $43.40 million out of the stock. Of all stocks tracked, Simon Property Group had the 14th highest net out-flow for the day. Simon Property Group traded up $1.77 for the day and closed at $167.10

Several equities research analysts have recently commented on SPG shares. Boenning Scattergood set a $240.00 price target on Simon Property Group and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Stifel Nicolaus restated a “hold” rating and set a $170.00 price target on shares of Simon Property Group in a research note on Thursday, October 12th. Barclays PLC upped their price target on Simon Property Group from $188.00 to $190.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 8th. Argus cut their price target on Simon Property Group from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, August 22nd. Finally, Jefferies Group LLC restated a “buy” rating and set a $190.00 price target on shares of Simon Property Group in a research note on Monday, July 17th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $193.07.

The firm has a 50-day moving average price of $160.41 and a 200 day moving average price of $161.45. The firm has a market cap of $51.94 billion, a PE ratio of 29.78 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 for the quarter, beating the consensus estimate of $2.44 by $0.03. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.37 billion. Simon Property Group had a return on equity of 39.29% and a net margin of 32.07%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.63 EPS. On average, equities research analysts expect that Simon Property Group, Inc. will post $6.35 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in Simon Property Group by 0.7% during the 2nd 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 acquiring an additional 7 shares in the last quarter. Logan Capital Management Inc. raised its stake in Simon Property Group by 0.6% during the 1st quarter. Logan Capital Management Inc. now owns 2,435 shares of the real estate investment trust’s stock valued at $419,000 after acquiring an additional 15 shares in the last quarter. Whitnell & Co. raised its stake in Simon Property Group by 0.4% during the 2nd quarter. Whitnell & Co. now owns 5,363 shares of the real estate investment trust’s stock valued at $868,000 after acquiring an additional 21 shares in the last quarter. WFG Advisors LP raised its stake in Simon Property Group by 1.3% during the 2nd quarter. WFG Advisors LP now owns 1,841 shares of the real estate investment trust’s stock valued at $298,000 after acquiring an additional 23 shares in the last quarter. Finally, Guardian Life Insurance Co. of America raised its stake in Simon Property Group by 2.6% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,235 shares of the real estate investment trust’s stock valued at $212,000 after acquiring an additional 31 shares in the last quarter. 94.70% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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