Uniplan Investment Counsel Inc. grew its holdings in shares of Simon Property Group Inc (NYSE:SPG) by 1.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 555,044 shares of the real estate investment trust’s stock after purchasing an additional 8,671 shares during the quarter. Simon Property Group comprises approximately 3.8% of Uniplan Investment Counsel Inc.’s portfolio, making the stock its 2nd biggest holding. Uniplan Investment Counsel Inc. owned 0.09% of Simon Property Group worth $89,367,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Simon Property Group by 0.6% in the second quarter. Vanguard Group Inc. now owns 45,741,576 shares of the real estate investment trust’s stock valued at $7,399,158,000 after acquiring an additional 259,901 shares during the period. Capital World Investors boosted its position in shares of Simon Property Group by 25.4% in the second 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 acquiring an additional 4,210,000 shares during the period. APG Asset Management US Inc. boosted its position in shares of Simon Property Group by 3.2% in the third quarter. APG Asset Management US Inc. now owns 7,493,740 shares of the real estate investment trust’s stock valued at $1,206,567,000 after acquiring an additional 235,200 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Simon Property Group by 13.5% in the third 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 acquiring an additional 789,384 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Simon Property Group by 9.7% in the second quarter. Principal Financial Group Inc. now owns 6,112,741 shares of the real estate investment trust’s stock valued at $988,797,000 after acquiring an additional 542,743 shares during the period. Hedge funds and other institutional investors own 47.60% of the company’s stock.

A number of research firms have recently commented on SPG. 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. Royal Bank Of Canada restated a “hold” rating and issued a $176.00 price objective on shares of Simon Property Group in a research report on Thursday, November 2nd. Argus cut their price objective on shares of Simon Property Group from $200.00 to $195.00 and set a “buy” rating for the company in a research report on Tuesday, October 31st. 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. 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $191.11.

Shares of Simon Property Group Inc (NYSE SPG) traded down $0.92 during trading on Wednesday, reaching $162.75. 2,010,500 shares of the company’s stock traded hands, compared to its average volume of 1,826,829. Simon Property Group Inc has a twelve month low of $150.15 and a twelve month high of $188.10. 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. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 5.57.

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 (EPS) for the quarter, beating the 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 during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the business posted $2.70 earnings per share. Simon Property Group’s revenue for the quarter was up 3.4% on a year-over-year basis. analysts anticipate that Simon Property Group Inc will post 11.2 EPS for the current year.

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

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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.

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

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