Exxonmobil Investment Management Inc. TX Has $8.49 Million Position in Simon Property Group Inc (SPG)

Exxonmobil Investment Management Inc. TX lowered its stake in shares of Simon Property Group Inc (NYSE:SPG) by 12.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 49,424 shares of the real estate investment trust’s stock after selling 7,339 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in Simon Property Group were worth $8,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in SPG. Capital World Investors boosted its position in Simon Property Group by 25.4% during the 2nd quarter. Capital World Investors now owns 20,788,000 shares of the real estate investment trust’s stock valued at $3,362,667,000 after purchasing an additional 4,210,000 shares during the period. Bank of New York Mellon Corp boosted its position in Simon Property Group by 13.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,628,178 shares of the real estate investment trust’s stock valued at $1,067,204,000 after purchasing an additional 789,384 shares during the period. Cohen & Steers Inc. boosted its position in Simon Property Group by 6.2% during the 3rd quarter. Cohen & Steers Inc. now owns 12,350,345 shares of the real estate investment trust’s stock valued at $1,988,529,000 after purchasing an additional 719,375 shares during the period. Brookfield Asset Management Inc. boosted its position in Simon Property Group by 28.4% during the 2nd quarter. Brookfield Asset Management Inc. now owns 3,124,419 shares of the real estate investment trust’s stock valued at $505,406,000 after purchasing an additional 690,169 shares during the period. Finally, Koch Industries Inc. acquired a new position in Simon Property Group during the 2nd quarter valued at approximately $456,000. Institutional investors and hedge funds own 47.38% of the company’s stock.

In other news, SVP Steven K. Broadwater sold 621 shares of the business’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $171.95, for a total value of $106,780.95. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 8.42% of the stock is owned by insiders.

Shares of Simon Property Group Inc (NYSE:SPG) opened at $165.53 on Wednesday. The company has a debt-to-equity ratio of 5.57, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market capitalization of $52,960.00, a price-to-earnings ratio of 29.25, a price-to-earnings-growth ratio of 2.10 and a beta of 0.62. Simon Property Group Inc has a 12 month low of $150.15 and a 12 month high of $187.35.

Simon Property Group (NYSE:SPG) last announced its earnings results on Friday, October 27th. The real estate investment trust reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.01. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.39 billion. Simon Property Group had a return on equity of 41.85% and a net margin of 31.96%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.70 EPS. equities research analysts expect that Simon Property Group Inc will post 11.21 earnings per share for the current fiscal year.

A number of research firms recently issued reports on SPG. Raymond James Financial set a $185.00 price objective on Simon Property Group and gave the company a “buy” rating in a research report on Sunday, December 3rd. Mizuho set a $183.00 price objective on Simon Property Group and gave the company a “buy” rating in a research report on Sunday, October 29th. Zacks Investment Research lowered Simon Property Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. BMO Capital Markets set a $175.00 price objective on Simon Property Group and gave the company a “buy” rating in a research report on Friday, October 27th. Finally, Boenning Scattergood set a $240.00 price objective on Simon Property Group and gave the company a “buy” rating in a research report on Monday, October 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. Simon Property Group presently has an average rating of “Buy” and a consensus target price of $191.11.

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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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