Pacer Advisors Inc. grew its stake in Simon Property Group, Inc. (NYSE:SPG) by 8.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,132 shares of the real estate investment trust’s stock after purchasing an additional 1,502 shares during the period. Pacer Advisors Inc.’s holdings in Simon Property Group were worth $3,241,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SPG. Bronfman E.L. Rothschild L.P. grew its position in Simon Property Group by 27.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 787 shares of the real estate investment trust’s stock worth $127,000 after purchasing an additional 169 shares during the last quarter. Alpha Windward LLC lifted its holdings in shares of Simon Property Group by 12.2% during the 2nd quarter. Alpha Windward LLC now owns 856 shares of the real estate investment trust’s stock worth $138,000 after acquiring an additional 93 shares during the period. Highstreet Asset Management Inc. bought a new position in shares of Simon Property Group during the 2nd quarter worth about $157,000. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in shares of 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 worth $157,000 after acquiring an additional 7 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Simon Property Group during the 2nd quarter worth about $162,000. Institutional investors own 95.24% of the company’s stock.

A number of equities analysts have recently commented on SPG shares. BMO Capital Markets started coverage on shares of Simon Property Group in a report on Monday, September 11th. They set an “outperform” rating and a $175.00 price objective for the company. Stifel Nicolaus set a $170.00 price objective on shares of Simon Property Group and gave the stock a “hold” rating in a report on Sunday, August 27th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Simon Property Group in a report on Tuesday, July 25th. BidaskClub raised shares of Simon Property Group from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, Zacks Investment Research raised shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $182.00 price objective for the company in a report on Wednesday, October 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $191.45.

Simon Property Group, Inc. (SPG) traded up $2.08 on Monday, reaching $161.95. 2,209,500 shares of the company’s stock traded hands, compared to its average volume of 1,828,169. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 5.57. The firm has a market cap of $50,950.00, a PE ratio of 14.71, a PEG ratio of 2.19 and a beta of 0.60. Simon Property Group, Inc. has a 52-week low of $150.15 and a 52-week high of $188.10.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.01. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Simon Property Group had a net margin of 31.96% and a return on equity of 41.85%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.70 EPS. sell-side analysts expect that Simon Property Group, Inc. will post 11.2 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be given a $1.85 dividend. This represents a $7.40 annualized dividend and a yield of 4.57%. The ex-dividend date is Wednesday, November 15th. This is a boost from Simon Property Group’s previous quarterly dividend of $1.80. Simon Property Group’s dividend payout ratio (DPR) is presently 130.74%.

COPYRIGHT VIOLATION WARNING: This article was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international trademark and copyright law. The legal version of this article can be read at https://www.watchlistnews.com/simon-property-group-inc-spg-shares-bought-by-pacer-advisors-inc/1716274.html.

Simon Property Group Company 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.

Want to see what other hedge funds are holding SPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Simon Property Group, Inc. (NYSE:SPG).

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

Receive News & Ratings for Simon Property Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simon Property Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.