Macquarie Group Ltd. cut its stake in Simon Property Group, Inc. (NYSE:SPG) by 4.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 492,710 shares of the real estate investment trust’s stock after selling 20,499 shares during the period. Macquarie Group Ltd. owned about 0.16% of Simon Property Group worth $79,702,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SPG. BlackRock Inc. lifted its position in 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 valued at $5,121,238,000 after acquiring an additional 28,270,599 shares during the last quarter. Capital World Investors lifted its position in 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 valued at $3,362,667,000 after acquiring an additional 4,210,000 shares during the last quarter. Vanguard Group Inc. lifted its position in Simon Property Group by 2.1% in the first quarter. Vanguard Group Inc. now owns 45,481,675 shares of the real estate investment trust’s stock valued at $7,824,213,000 after acquiring an additional 923,592 shares during the last quarter. Eaton Vance Management lifted its position in Simon Property Group by 110.5% in the second quarter. Eaton Vance Management now owns 1,545,545 shares of the real estate investment trust’s stock valued at $250,007,000 after acquiring an additional 811,457 shares during the last quarter. Finally, Uniplan Investment Counsel Inc. lifted its position in Simon Property Group by 118.1% in the second quarter. Uniplan Investment Counsel Inc. now owns 1,318,807 shares of the real estate investment trust’s stock valued at $88,381,000 after acquiring an additional 714,159 shares during the last quarter. 94.95% of the stock is owned by hedge funds and other institutional investors.

Shares of Simon Property Group, Inc. (NYSE SPG) traded up 1.05% on Thursday, reaching $161.52. 311,728 shares of the company’s stock traded hands. The company has a 50 day moving average price of $158.93 and a 200 day moving average price of $161.73. The firm has a market capitalization of $50.21 billion, a price-to-earnings ratio of 28.79 and a beta of 0.60. Simon Property Group, Inc. has a 52 week low of $150.15 and a 52 week high of $200.30.

Simon Property Group (NYSE:SPG) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $2.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.44 by $0.03. The firm had revenue of $1.36 billion for 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%. Simon Property Group’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company earned $2.63 EPS. On average, equities research analysts predict that Simon Property Group, Inc. will post $6.35 earnings per share for the current fiscal year.

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

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

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