DnB Asset Management AS Has $5.71 Million Holdings in Simon Property Group Inc (SPG)

DnB Asset Management AS raised its position in shares of Simon Property Group Inc (NYSE:SPG) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,263 shares of the real estate investment trust’s stock after buying an additional 400 shares during the quarter. DnB Asset Management AS’s holdings in Simon Property Group were worth $5,713,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SPG. Oppenheimer & Co. Inc. lifted its position in shares of Simon Property Group by 10.6% during the second quarter. Oppenheimer & Co. Inc. now owns 2,890 shares of the real estate investment trust’s stock valued at $468,000 after buying an additional 276 shares during the last quarter. Edmond DE Rothschild Holding S.A. lifted its position in shares of Simon Property Group by 9.4% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 19,821 shares of the real estate investment trust’s stock valued at $3,207,000 after buying an additional 1,707 shares during the last quarter. Amalgamated Bank lifted its position in shares of Simon Property Group by 56.2% during the second quarter. Amalgamated Bank now owns 36,519 shares of the real estate investment trust’s stock valued at $5,907,000 after buying an additional 13,141 shares during the last quarter. BT Investment Management Ltd purchased a new stake in shares of Simon Property Group during the second quarter valued at about $16,580,000. Finally, Stevens Capital Management LP lifted its position in shares of Simon Property Group by 82.9% during the second quarter. Stevens Capital Management LP now owns 91,337 shares of the real estate investment trust’s stock valued at $14,775,000 after buying an additional 41,404 shares during the last quarter. 47.38% of the stock is owned by institutional investors and hedge funds.

In other Simon Property Group news, CAO Steven K. Broadwater sold 621 shares of the firm’s stock in a transaction that occurred on Saturday, December 29th. The shares were 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 directly owns 2,290 shares of the company’s stock, valued at approximately $393,765.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.42% of the company’s stock.

Simon Property Group Inc (NYSE SPG) opened at $164.83 on Friday. Simon Property Group Inc has a 1 year low of $150.15 and a 1 year high of $187.35. 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 stock has a market cap of $52,740.00, a P/E ratio of 29.12, a price-to-earnings-growth ratio of 2.10 and a beta of 0.62.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the firm posted $2.70 EPS. Simon Property Group’s revenue for the quarter was up 3.4% compared to the same quarter last year. equities analysts predict that Simon Property Group Inc will post 11.21 earnings per share for the current fiscal year.

Several equities analysts recently commented on SPG shares. Boenning Scattergood set a $240.00 price objective on shares of Simon Property Group and gave the company a “buy” rating in a research report on Monday, October 30th. Zacks Investment Research lowered shares of Simon Property Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $170.00 price objective on shares of Simon Property Group in a research report on Thursday, October 12th. Raymond James Financial set a $185.00 price objective on shares of Simon Property Group and gave the company a “buy” rating in a research report on Sunday, December 3rd. Finally, SunTrust Banks set a $170.00 price objective on shares of Simon Property Group and gave the company a “hold” rating in a research report on Sunday, October 29th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Simon Property Group presently has an average rating of “Buy” and a consensus price target 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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