Bradley Foster & Sargent Inc. CT Boosts Position in Simon Property Group Inc (NYSE:SPG)

WINTON GROUP Ltd lifted its position in Simon Property Group by 22.0% during the 2nd quarter. WINTON GROUP Ltd now owns 21,622 shares of the …

Simon Property Group logoBradley Foster & Sargent Inc. CT boosted its position in shares of Simon Property Group Inc (NYSE:SPG) by 3.8% during the third quarter, Holdings Channel reports. The firm owned 10,871 shares of the real estate investment trust’s stock after buying an additional 395 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Simon Property Group were worth $1,692,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pensionfund DSM Netherlands lifted its position in Simon Property Group by 2.6% during the 2nd quarter. Pensionfund DSM Netherlands now owns 82,408 shares of the real estate investment trust’s stock valued at $13,166,000 after acquiring an additional 2,100 shares during the period. Pensionfund Sabic lifted its position in Simon Property Group by 4.3% during the 2nd quarter. Pensionfund Sabic now owns 36,506 shares of the real estate investment trust’s stock valued at $5,832,000 after acquiring an additional 1,500 shares during the period. Eii Capital Management Inc. lifted its position in Simon Property Group by 5.1% during the 2nd quarter. Eii Capital Management Inc. now owns 45,732 shares of the real estate investment trust’s stock valued at $7,306,000 after acquiring an additional 2,225 shares during the period. WINTON GROUP Ltd lifted its position in Simon Property Group by 22.0% during the 2nd quarter. WINTON GROUP Ltd now owns 21,622 shares of the real estate investment trust’s stock valued at $3,454,000 after acquiring an additional 3,906 shares during the period. Finally, Douglas Lane & Associates LLC lifted its position in Simon Property Group by 5.7% during the 2nd quarter. Douglas Lane & Associates LLC now owns 255,927 shares of the real estate investment trust’s stock valued at $40,887,000 after acquiring an additional 13,784 shares during the period. Institutional investors own 95.58% of the company’s stock.

A number of research analysts recently issued reports on the stock. ValuEngine raised shares of Simon Property Group from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Barclays set a $218.00 price target on shares of Simon Property Group and gave the company a “buy” rating in a research report on Friday, October 11th. Morgan Stanley lowered their price target on shares of Simon Property Group from $170.00 to $157.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 3rd. Citigroup cut shares of Simon Property Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $187.00 to $170.00 in a research report on Monday, September 23rd. Finally, SunTrust Banks lowered their price target on shares of Simon Property Group from $185.00 to $160.00 and set a “hold” rating for the company in a research report on Friday, August 23rd. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Simon Property Group presently has an average rating of “Hold” and an average target price of $187.10.

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NYSE:SPG opened at $150.68 on Friday. The firm has a market cap of $47.09 billion, a P/E ratio of 12.42, a P/E/G ratio of 2.85 and a beta of 0.54. The company has a debt-to-equity ratio of 7.02, a quick ratio of 0.99 and a current ratio of 0.99. Simon Property Group Inc has a fifty-two week low of $145.28 and a fifty-two week high of $191.49. The firm has a 50-day simple moving average of $152.37 and a two-hundred day simple moving average of $160.53.

Simon Property Group (NYSE:SPG) last released its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $1.77 earnings per share for the quarter, missing analysts’ consensus estimates of $3.05 by ($1.28). The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.40 billion. Simon Property Group had a net margin of 40.48% and a return on equity of 63.49%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.05 earnings per share. On average, equities research analysts predict that Simon Property Group Inc will post 12.23 EPS for the current year.

Simon Property Group Profile

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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Institutional Ownership by Quarter for Simon Property Group (NYSE:SPG)

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