Westwood Holdings Group Inc. decreased its holdings in Simon Property Group Inc (NYSE:SPG) by 11.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 373,965 shares of the real estate investment trust’s stock after selling 49,101 shares during the quarter. Westwood Holdings Group Inc. owned 0.12% of Simon Property Group worth $59,744,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Berman Capital Advisors LLC grew its stake in shares of Simon Property Group by 12.7% in the first quarter. Berman Capital Advisors LLC now owns 523 shares of the real estate investment trust’s stock worth $95,000 after purchasing an additional 59 shares in the last quarter. Cornerstone Advisors Inc. grew its stake in shares of Simon Property Group by 15.2% in the first quarter. Cornerstone Advisors Inc. now owns 478 shares of the real estate investment trust’s stock worth $87,000 after purchasing an additional 63 shares in the last quarter. Trust Co. of Vermont grew its stake in shares of Simon Property Group by 1.5% in the second quarter. Trust Co. of Vermont now owns 4,863 shares of the real estate investment trust’s stock worth $776,000 after purchasing an additional 70 shares in the last quarter. National Asset Management Inc. grew its stake in shares of Simon Property Group by 6.3% in the first quarter. National Asset Management Inc. now owns 1,355 shares of the real estate investment trust’s stock worth $248,000 after purchasing an additional 80 shares in the last quarter. Finally, Tower View Investment Management & Research LLC grew its stake in shares of Simon Property Group by 9.0% in the second quarter. Tower View Investment Management & Research LLC now owns 1,008 shares of the real estate investment trust’s stock worth $161,000 after purchasing an additional 83 shares in the last quarter. 95.58% of the stock is owned by institutional investors.

Several research analysts recently weighed in on SPG shares. ValuEngine cut Simon Property Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Citigroup decreased their target price on Simon Property Group from $192.00 to $185.00 and set a “buy” rating for the company in a research note on Friday, June 28th. JPMorgan Chase & Co. decreased their target price on Simon Property Group from $198.00 to $193.00 and set an “overweight” rating for the company in a research note on Monday, June 3rd. Morgan Stanley decreased their target price on Simon Property Group from $170.00 to $157.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 3rd. Finally, SunTrust Banks decreased their target price on Simon Property Group from $185.00 to $160.00 and set a “hold” rating for the company in a research note on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $186.58.

SPG stock traded up $1.25 during trading hours on Friday, hitting $155.87. 1,049,365 shares of the stock traded hands, compared to its average volume of 1,469,731. The stock has a 50-day simple moving average of $152.18 and a 200 day simple moving average of $166.28. Simon Property Group Inc has a one year low of $145.42 and a one year high of $191.49. The company has a market cap of $47.63 billion, a P/E ratio of 12.85, a P/E/G ratio of 2.83 and a beta of 0.54. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 7.02.

Simon Property Group (NYSE:SPG) last announced its earnings results on Wednesday, July 31st. The real estate investment trust reported $2.99 EPS for the quarter, beating the consensus estimate of $2.98 by $0.01. Simon Property Group had a return on equity of 63.49% and a net margin of 40.48%. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the business posted $2.98 earnings per share. Simon Property Group’s revenue was up .7% compared to the same quarter last year. Analysts forecast that Simon Property Group Inc will post 12.28 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a dividend of $2.10 per share. This represents a $8.40 annualized dividend and a dividend yield of 5.39%. This is an increase from Simon Property Group’s previous quarterly dividend of $2.05. The ex-dividend date was Thursday, August 15th. Simon Property Group’s dividend payout ratio is currently 69.25%.

Simon Property Group Company Profile

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.

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

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