California Public Employees Retirement System grew its holdings in Simon Property Group, Inc. (NYSE:SPG) by 0.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 758,255 shares of the real estate investment trust’s stock after purchasing an additional 2,200 shares during the period. California Public Employees Retirement System owned about 0.24% of Simon Property Group worth $122,655,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Simon Property Group by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 45,741,576 shares of the real estate investment trust’s stock worth $7,399,158,000 after purchasing an additional 259,901 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Simon Property Group by 1,886.1% in the 1st quarter. BlackRock Inc. now owns 29,769,454 shares of the real estate investment trust’s stock worth $5,121,238,000 after purchasing an additional 28,270,599 shares in the last quarter. State Street Corp increased its holdings in shares of Simon Property Group by 0.7% in the 1st quarter. State Street Corp now owns 18,280,079 shares of the real estate investment trust’s stock worth $3,144,722,000 after purchasing an additional 118,826 shares in the last quarter. APG Asset Management US Inc. increased its holdings in shares of Simon Property Group by 7.4% in the 2nd 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 purchasing an additional 498,800 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Simon Property Group by 9.7% in the 2nd quarter. Principal Financial Group Inc. now owns 6,112,741 shares of the real estate investment trust’s stock worth $988,797,000 after purchasing an additional 542,743 shares in the last quarter. 94.93% of the stock is owned by institutional investors and hedge funds.

Simon Property Group, Inc. (NYSE SPG) traded up 0.35% during mid-day trading on Thursday, reaching $160.46. The company’s stock had a trading volume of 346,112 shares. Simon Property Group, Inc. has a one year low of $150.15 and a one year high of $215.56. The stock has a 50-day moving average price of $159.49 and a 200-day moving average price of $162.53. The company has a market capitalization of $49.88 billion, a price-to-earnings ratio of 28.60 and a beta of 0.58.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.03. The company 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% compared to the same quarter last year. During the same period last year, the firm earned $2.63 EPS. Equities research analysts forecast that Simon Property Group, Inc. will post $6.35 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Thursday, August 17th were given a dividend of $1.80 per share. This is an increase from Simon Property Group’s previous quarterly dividend of $1.75. This represents a $7.20 annualized dividend and a yield of 4.50%. The ex-dividend date was Tuesday, August 15th. Simon Property Group’s dividend payout ratio (DPR) is currently 127.89%.

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A number of analysts have commented on SPG shares. Mizuho raised Simon Property Group from a “neutral” rating to a “buy” rating and set a $178.00 target price for the company in a report on Tuesday, May 30th. ValuEngine lowered Simon Property Group from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Morgan Stanley reissued an “equal weight” rating and issued a $158.00 target price (down previously from $180.00) on shares of Simon Property Group in a report on Saturday, June 3rd. Zacks Investment Research lowered Simon Property Group from a “hold” rating to a “sell” rating in a report on Wednesday, June 14th. Finally, Goldman Sachs Group, Inc. (The) raised Simon Property Group from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $175.00 to $185.00 in a report on Tuesday, June 20th. Two analysts have rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the stock. Simon Property Group currently has an average rating of “Buy” and an average price target 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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