Toronto Dominion Bank lifted its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 11.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,964 shares of the real estate investment trust’s stock after acquiring an additional 12,111 shares during the quarter. Toronto Dominion Bank’s holdings in Simon Property Group were worth $18,991,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of SPG. Norway Savings Bank lifted its holdings in shares of Simon Property Group by 19.5% during the 2nd quarter. Norway Savings Bank now owns 765 shares of the real estate investment trust’s stock valued at $124,000 after acquiring an additional 125 shares in the last quarter. Orrstown Financial Services Inc. lifted its holdings in shares of Simon Property Group by 3.7% during the 2nd quarter. Orrstown Financial Services Inc. now owns 3,693 shares of the real estate investment trust’s stock valued at $597,000 after acquiring an additional 133 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Simon Property Group by 0.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 98,432 shares of the real estate investment trust’s stock valued at $15,838,000 after acquiring an additional 375 shares in 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 valued at $138,000 after acquiring an additional 93 shares in the last quarter. Finally, Aperio Group LLC lifted its holdings in shares of Simon Property Group by 7.7% during the 2nd quarter. Aperio Group LLC now owns 95,758 shares of the real estate investment trust’s stock valued at $15,490,000 after acquiring an additional 6,843 shares in the last quarter. Institutional investors and hedge funds own 95.24% of the company’s stock.

Several research firms recently issued reports on SPG. Royal Bank Of Canada reaffirmed a “hold” rating and set a $176.00 price target on shares of Simon Property Group in a research note on Thursday, November 2nd. Argus dropped their price target on shares of Simon Property Group from $200.00 to $195.00 and set a “buy” rating on the stock in a research note on Tuesday, October 31st. Zacks Investment Research downgraded shares of Simon Property Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. SunTrust Banks, Inc. set a $170.00 price target on shares of Simon Property Group and gave the stock a “hold” rating in a research note on Sunday, October 29th. Finally, Mizuho set a $183.00 price target on shares of Simon Property Group and gave the stock a “buy” rating in a research note on Sunday, October 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $191.45.

Simon Property Group, Inc. (SPG) traded down $3.42 on Monday, hitting $160.33. 1,944,314 shares of the stock traded hands, compared to its average volume of 1,821,617. The company has a market cap of $51,640.00, a P/E ratio of 14.87, a P/E/G ratio of 2.20 and a beta of 0.60. Simon Property Group, Inc. has a one year low of $150.15 and a one year high of $189.25. 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 (NYSE:SPG) last released its earnings results on Friday, October 27th. The real estate investment trust reported $2.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.88 by $0.01. Simon Property Group had a net margin of 31.96% and a return on equity of 41.85%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the firm earned $2.70 EPS. The company’s revenue was up 3.4% on a year-over-year basis. sell-side analysts expect that Simon Property Group, Inc. will post 11.21 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be given a dividend of $1.85 per share. This represents a $7.40 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date of this dividend is Wednesday, November 15th. This is an increase from Simon Property Group’s previous quarterly dividend of $1.80. Simon Property Group’s dividend payout ratio is currently 127.21%.

ILLEGAL ACTIVITY WARNING: “Toronto Dominion Bank Acquires 12,111 Shares of Simon Property Group, Inc. (SPG)” was first reported by Watch List News and is owned by of Watch List News. If you are reading this news story on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this news story can be viewed at https://www.watchlistnews.com/toronto-dominion-bank-acquires-12111-shares-of-simon-property-group-inc-spg/1700535.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.