Capital Investment Advisors LLC raised its holdings in shares of Simon Property Group Inc (NYSE:SPG) by 8.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 45,932 shares of the real estate investment trust’s stock after purchasing an additional 3,648 shares during the period. Capital Investment Advisors LLC’s holdings in Simon Property Group were worth $6,842,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Schroder Investment Management Group boosted its stake in shares of Simon Property Group by 471.3% during the second quarter. Schroder Investment Management Group now owns 725,791 shares of the real estate investment trust’s stock valued at $115,953,000 after purchasing an additional 598,745 shares in the last quarter. A.R.T. Advisors LLC raised its stake in Simon Property Group by 11.5% in the second quarter. A.R.T. Advisors LLC now owns 2,899 shares of the real estate investment trust’s stock worth $463,000 after buying an additional 300 shares in the last quarter. Balyasny Asset Management LLC raised its stake in Simon Property Group by 131.5% in the second quarter. Balyasny Asset Management LLC now owns 17,653 shares of the real estate investment trust’s stock worth $2,820,000 after buying an additional 10,029 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in Simon Property Group by 202.2% in the second quarter. Cubist Systematic Strategies LLC now owns 11,773 shares of the real estate investment trust’s stock worth $1,881,000 after buying an additional 7,877 shares in the last quarter. Finally, Point72 Hong Kong Ltd lifted its holdings in Simon Property Group by 52.9% during the second quarter. Point72 Hong Kong Ltd now owns 2,128 shares of the real estate investment trust’s stock worth $340,000 after buying an additional 736 shares during the period. 90.57% of the stock is currently owned by institutional investors and hedge funds.
Shares of Simon Property Group stock traded up $0.28 during midday trading on Tuesday, hitting $148.05. The company had a trading volume of 13,885 shares, compared to its average volume of 1,276,117. The stock has a market cap of $47.35 billion, a price-to-earnings ratio of 19.85, a PEG ratio of 2.66 and a beta of 0.51. The company has a quick ratio of 3.34, a current ratio of 3.34 and a debt-to-equity ratio of 8.77. The company has a fifty day simple moving average of $146.46 and a 200 day simple moving average of $151.93. Simon Property Group Inc has a 12-month low of $142.40 and a 12-month high of $186.44.
Simon Property Group (NYSE:SPG) last released its earnings results on Wednesday, October 30th. The real estate investment trust reported $1.77 earnings per share for the quarter, missing the consensus estimate of $3.05 by ($1.28). Simon Property Group had a return on equity of 66.93% and a net margin of 40.23%. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the prior year, the firm posted $3.05 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. As a group, analysts expect that Simon Property Group Inc will post 12.08 EPS for the current year.
SPG has been the topic of several recent research reports. Barclays set a $218.00 target price on Simon Property Group and gave the company a “buy” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. cut shares of Simon Property Group from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $170.00 to $162.00 in a report on Wednesday, December 18th. BTIG Research cut their price objective on shares of Simon Property Group to $218.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. BMO Capital Markets lowered shares of Simon Property Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $174.00 to $156.00 in a research note on Tuesday, January 7th. Finally, Morgan Stanley decreased their target price on shares of Simon Property Group from $157.00 to $150.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 17th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $179.44.
About Simon Property Group
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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