Simon Property Group, Inc. (SPG) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank
Zurcher Kantonalbank Zurich Cantonalbank increased its position in Simon Property Group, Inc. (NYSE:SPG) by 2.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,003 shares of the real estate investment trust’s stock after purchasing an additional 2,334 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Simon Property Group were worth $16,746,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in Simon Property Group by 0.7% in the second 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 purchasing an additional 7 shares in the last quarter. Whitnell & Co. grew its stake in Simon Property Group by 0.4% in the second quarter. Whitnell & Co. now owns 5,363 shares of the real estate investment trust’s stock worth $868,000 after purchasing an additional 21 shares in the last quarter. WFG Advisors LP grew its stake in Simon Property Group by 1.3% in the second quarter. WFG Advisors LP now owns 1,841 shares of the real estate investment trust’s stock worth $298,000 after purchasing an additional 23 shares in the last quarter. Sigma Planning Corp grew its stake in Simon Property Group by 1.1% in the second quarter. Sigma Planning Corp now owns 3,832 shares of the real estate investment trust’s stock worth $620,000 after purchasing an additional 40 shares in the last quarter. Finally, Stratos Wealth Partners LTD. grew its stake in Simon Property Group by 2.6% in the second quarter. Stratos Wealth Partners LTD. now owns 1,760 shares of the real estate investment trust’s stock worth $285,000 after purchasing an additional 45 shares in the last quarter. 95.24% of the stock is currently owned by institutional investors.
Shares of Simon Property Group, Inc. (NYSE:SPG) traded down $0.63 during mid-day trading on Wednesday, reaching $158.52. The company had a trading volume of 408,559 shares, compared to its average volume of 1,824,576. The stock has a market cap of $101,729.83, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 2.15 and a beta of 0.60. The company has a debt-to-equity ratio of 5.57, a current ratio of 0.93 and a quick ratio of 0.93. Simon Property Group, Inc. has a one year low of $150.15 and a one year high of $188.10.
Simon Property Group (NYSE:SPG) last released its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $2.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.88 by $0.01. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. Simon Property Group had a return on equity of 41.85% and a net margin of 31.96%. The company’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $2.70 EPS. equities analysts predict that Simon Property Group, Inc. will post 11.2 earnings per share for the current 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 paid a dividend of $1.85 per share. The ex-dividend date is Wednesday, November 15th. This represents a $7.40 dividend on an annualized basis and a dividend yield of 4.67%. This is a positive change from Simon Property Group’s previous quarterly dividend of $1.80. Simon Property Group’s dividend payout ratio (DPR) is presently 130.51%.
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SPG has been the topic of several recent research reports. Stifel Nicolaus reaffirmed a “hold” rating and set a $170.00 target price on shares of Simon Property Group in a research report on Thursday, October 12th. Boenning Scattergood set a $240.00 target price on Simon Property Group and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Barclays PLC increased their target price on Simon Property Group from $188.00 to $190.00 and gave the company an “overweight” rating in a research report on Tuesday, August 8th. Zacks Investment Research raised Simon Property Group from a “hold” rating to a “buy” rating and set a $182.00 target price on the stock in a research report on Wednesday, October 11th. Finally, BMO Capital Markets initiated coverage on Simon Property Group in a research report on Monday, September 11th. They set an “outperform” rating and a $175.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $191.45.
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.
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