Bailard Inc. Invests $255,000 in Simon Property Group Inc (SPG)

Bailard Inc. purchased a new stake in shares of Simon Property Group Inc (NYSE:SPG) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,483 shares of the real estate investment trust’s stock, valued at approximately $255,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Aviance Capital Management LLC bought a new stake in shares of Simon Property Group during the fourth quarter valued at about $16,874,000. Public Employees Retirement System of Ohio grew its holdings in shares of Simon Property Group by 1.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 578,560 shares of the real estate investment trust’s stock worth $99,362,000 after purchasing an additional 7,098 shares in the last quarter. Old Mutual Global Investors UK Ltd. purchased a new position in shares of Simon Property Group during the fourth quarter worth about $1,047,000. Roundview Capital LLC purchased a new position in shares of Simon Property Group during the fourth quarter worth about $643,000. Finally, Boston Common Asset Management LLC grew its holdings in shares of Simon Property Group by 4.8% during the fourth quarter. Boston Common Asset Management LLC now owns 22,127 shares of the real estate investment trust’s stock worth $3,800,000 after purchasing an additional 1,011 shares in the last quarter. Hedge funds and other institutional investors own 47.57% of the company’s stock.

Simon Property Group Inc (NYSE:SPG) opened at $156.09 on Monday. The company has a debt-to-equity ratio of 5.87, a quick ratio of 0.93 and a current ratio of 1.75. The company has a market capitalization of $49,940.00, a P/E ratio of 25.01, a P/E/G ratio of 1.98 and a beta of 0.55. Simon Property Group Inc has a twelve month low of $150.15 and a twelve month high of $187.35.

Simon Property Group (NYSE:SPG) last announced its earnings results on Wednesday, January 31st. The real estate investment trust reported $3.12 EPS for the quarter, meeting analysts’ consensus estimates of $3.12. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.45 billion. Simon Property Group had a return on equity of 44.93% and a net margin of 35.14%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 earnings per share. research analysts expect that Simon Property Group Inc will post 12 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th will be issued a dividend of $1.95 per share. This represents a $7.80 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date of this dividend is Tuesday, February 13th. This is an increase from Simon Property Group’s previous quarterly dividend of $1.85. Simon Property Group’s dividend payout ratio is currently 125.00%.

Several research analysts have recently commented on the company. Zacks Investment Research lowered Simon Property Group from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Boenning Scattergood reissued a “buy” rating and set a $240.00 price objective on shares of Simon Property Group in a report on Thursday, February 1st. Raymond James Financial set a $185.00 price objective on Simon Property Group and gave the stock a “buy” rating in a report on Sunday, December 3rd. Barclays reissued a “buy” rating and set a $190.00 price objective on shares of Simon Property Group in a report on Wednesday, January 31st. Finally, ValuEngine lowered Simon Property Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. Simon Property Group has a consensus rating of “Buy” and a consensus price target of $191.11.

In related news, CAO Steven K. Broadwater sold 621 shares of the company’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $171.95, for a total transaction of $106,780.95. Following the completion of the transaction, the chief accounting officer now owns 2,290 shares in the company, valued at $393,765.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 8.42% of the stock is owned by corporate insiders.

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

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