Mn Services Vermogensbeheer B.V. lifted its position in shares of Simon Property Group Inc (NYSE:SPG) by 1.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,213 shares of the real estate investment trust’s stock after purchasing an additional 800 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Simon Property Group were worth $9,696,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its position in shares of Simon Property Group by 58.7% during the 4th quarter. Advisors Asset Management Inc. now owns 18,243 shares of the real estate investment trust’s stock worth $3,065,000 after purchasing an additional 6,751 shares during the last quarter. Flagship Harbor Advisors LLC lifted its position in shares of Simon Property Group by 13.3% during the 1st quarter. Flagship Harbor Advisors LLC now owns 527 shares of the real estate investment trust’s stock worth $96,000 after purchasing an additional 62 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Simon Property Group by 9.1% during the 4th quarter. Van ECK Associates Corp now owns 107,648 shares of the real estate investment trust’s stock worth $18,084,000 after purchasing an additional 8,985 shares during the last quarter. Whittier Trust Co. lifted its position in shares of Simon Property Group by 21.4% during the 4th quarter. Whittier Trust Co. now owns 1,915 shares of the real estate investment trust’s stock worth $321,000 after purchasing an additional 338 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Simon Property Group during the 1st quarter worth $1,042,000. 96.49% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:SPG opened at $176.25 on Wednesday. Simon Property Group Inc has a 12 month low of $152.50 and a 12 month high of $191.49. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.34. The firm has a market cap of $54.07 billion, a P/E ratio of 14.53, a P/E/G ratio of 3.18 and a beta of 0.54.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $3.04 EPS for the quarter, beating analysts’ consensus estimates of $3.02 by $0.02. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.43 billion. Simon Property Group had a net margin of 41.45% and a return on equity of 62.69%. Simon Property Group’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.00 earnings per share. Equities analysts expect that Simon Property Group Inc will post 12.37 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a $2.05 dividend. The ex-dividend date is Thursday, May 16th. This represents a $8.20 dividend on an annualized basis and a yield of 4.65%. Simon Property Group’s dividend payout ratio is presently 67.60%.

Simon Property Group declared that its board has approved a share repurchase plan on Tuesday, February 12th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the real estate investment trust to repurchase up to 3.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Several equities research analysts recently commented on SPG shares. BMO Capital Markets reiterated a “buy” rating and set a $191.00 price target on shares of Simon Property Group in a research note on Friday, February 1st. Barclays reiterated a “buy” rating and set a $202.00 price target on shares of Simon Property Group in a research note on Tuesday, April 16th. Mizuho lowered shares of Simon Property Group to a “hold” rating and set a $193.00 price target on the stock. in a research note on Tuesday, February 26th. Finally, Wells Fargo & Co lowered shares of Simon Property Group from an “overweight” rating to a “market weight” rating in a research note on Friday, February 8th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $192.14.

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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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