Simon Property Group, Inc. (SPG) Shares Bought by Nomura Holdings Inc.

Nomura Holdings Inc. boosted its holdings in Simon Property Group, Inc. (NYSE:SPG) by 1,276.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,514 shares of the real estate investment trust’s stock after acquiring an additional 23,660 shares during the period. Nomura Holdings Inc.’s holdings in Simon Property Group were worth $4,127,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. raised its stake in Simon Property Group by 1.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 15,596 shares of the real estate investment trust’s stock valued at $2,523,000 after acquiring an additional 173 shares during the period. Assetmark Inc. raised its stake in Simon Property Group by 13.3% in the 2nd quarter. Assetmark Inc. now owns 63,015 shares of the real estate investment trust’s stock valued at $10,193,000 after acquiring an additional 7,398 shares during the period. The Manufacturers Life Insurance Company raised its stake in Simon Property Group by 5.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 393,919 shares of the real estate investment trust’s stock valued at $63,721,000 after acquiring an additional 19,793 shares during the period. Simmons Bank raised its stake in Simon Property Group by 516.2% in the 2nd quarter. Simmons Bank now owns 10,315 shares of the real estate investment trust’s stock valued at $1,669,000 after acquiring an additional 8,641 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Simon Property Group in the 2nd quarter valued at $2,815,000. Institutional investors and hedge funds own 94.95% of the company’s stock.

A number of research firms recently weighed in on SPG. Zacks Investment Research upgraded Simon Property Group from a “hold” rating to a “buy” rating and set a $182.00 price target on the stock in a research note on Wednesday. Argus lowered their price objective on Simon Property Group from $225.00 to $210.00 and set a “buy” rating on the stock in a research report on Thursday, June 29th. Boenning Scattergood set a $240.00 price objective on Simon Property Group and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Stifel Nicolaus set a $170.00 price objective on Simon Property Group and gave the stock a “hold” rating in a research report on Sunday, August 27th. Finally, BidaskClub upgraded Simon Property Group from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. Simon Property Group has an average rating of “Buy” and an average target price of $193.07.

ILLEGAL ACTIVITY WARNING: “Simon Property Group, Inc. (SPG) Shares Bought by Nomura Holdings Inc.” was first published by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of US & international copyright & trademark laws. The correct version of this piece can be read at https://www.com-unik.info/2017/10/12/simon-property-group-inc-spg-shares-bought-by-nomura-holdings-inc.html.

Simon Property Group (NYSE:SPG) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.03. Simon Property Group had a return on equity of 39.29% and a net margin of 32.07%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the previous year, the company posted $2.63 EPS. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year.

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)

What are top analysts saying about Simon Property Group Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Simon Property Group Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit