Asset Management One Co. Ltd. Has $191.67 Million Stake in Simon Property Group Inc (SPG)

Asset Management One Co. Ltd. reduced its position in Simon Property Group Inc (NYSE:SPG) by 1.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,188,202 shares of the real estate investment trust’s stock after selling 13,019 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.19% of Simon Property Group worth $191,667,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Simon Property Group by 27.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 787 shares of the real estate investment trust’s stock valued at $127,000 after purchasing an additional 169 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in shares of Simon Property Group by 0.7% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 973 shares of the real estate investment trust’s stock valued at $157,000 after purchasing an additional 7 shares during the last quarter. Highstreet Asset Management Inc. bought a new stake in shares of Simon Property Group in the 2nd quarter valued at $157,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Simon Property Group in the 2nd quarter valued at $162,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Simon Property Group by 791.3% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,455 shares of the real estate investment trust’s stock valued at $175,000 after purchasing an additional 4,843 shares during the last quarter. 47.60% of the stock is currently owned by institutional investors.

Shares of Simon Property Group Inc (SPG) traded down $0.92 during midday trading on Wednesday, reaching $162.75. 2,010,500 shares of the company traded hands, compared to its average volume of 1,826,829. The company has a market capitalization of $104,711.16, a price-to-earnings ratio of 14.87, a PEG ratio of 2.21 and a beta of 0.62. Simon Property Group Inc has a fifty-two week low of $150.15 and a fifty-two week high of $188.10. The company has a debt-to-equity ratio of 5.57, a quick ratio of 0.93 and a current ratio of 0.93.

Simon Property Group (NYSE:SPG) last issued its earnings results on Friday, October 27th. The real estate investment trust reported $2.89 earnings per share (EPS) 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 business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the firm earned $2.70 earnings per share. Simon Property Group’s revenue was up 3.4% on a year-over-year basis. equities analysts anticipate that Simon Property Group Inc will post 11.2 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th were issued a dividend of $1.85 per share. This is an increase from Simon Property Group’s previous quarterly dividend of $1.80. The ex-dividend date was Wednesday, November 15th. This represents a $7.40 annualized dividend and a yield of 4.55%. Simon Property Group’s dividend payout ratio is presently 130.51%.

A number of equities research analysts have recently commented on SPG shares. Barclays upped their price objective on shares of Simon Property Group from $188.00 to $190.00 and gave the company an “overweight” rating in a research note on Tuesday, August 8th. BidaskClub lowered shares of Simon Property Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Argus reduced their price objective on shares of Simon Property Group from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, August 22nd. Jefferies Group reaffirmed a “buy” rating and issued a $200.00 price objective (up from $198.00) on shares of Simon Property Group in a research note on Thursday, August 24th. Finally, Stifel Nicolaus set a $170.00 target price on shares of Simon Property Group and gave the stock a “hold” rating in a research note on Sunday, August 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $191.11.

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About Simon Property Group

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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