Barings LLC lessened its position in Simon Property Group Inc (NYSE:SPG) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 521,365 shares of the real estate investment trust’s stock after selling 10,380 shares during the quarter. Simon Property Group comprises about 1.2% of Barings LLC’s investment portfolio, making the stock its 7th biggest position. Barings LLC’s holdings in Simon Property Group were worth $89,539,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in shares of 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 worth $1,067,204,000 after purchasing an additional 789,384 shares during the period. Cohen & Steers Inc. increased its holdings in shares of 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 worth $1,988,529,000 after purchasing an additional 719,375 shares during the period. Brookfield Asset Management Inc. increased its holdings in shares of 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 worth $505,406,000 after purchasing an additional 690,169 shares during the period. Koch Industries Inc. bought a new position in shares of Simon Property Group during the 2nd quarter worth about $456,000. Finally, Resolution Capital Ltd increased its holdings in shares of Simon Property Group by 33.2% during the 3rd quarter. Resolution Capital Ltd now owns 1,689,414 shares of the real estate investment trust’s stock worth $272,013,000 after purchasing an additional 421,258 shares during the period. Hedge funds and other institutional investors own 47.57% of the company’s stock.

Shares of Simon Property Group Inc (SPG) opened at $156.80 on Tuesday. The company has a current ratio of 1.75, a quick ratio of 0.93 and a debt-to-equity ratio of 5.87. Simon Property Group Inc has a 12-month low of $150.15 and a 12-month high of $187.35. The firm has a market cap of $50,170.00, a PE ratio of 25.13, a PEG ratio of 2.00 and a beta of 0.55.

Simon Property Group (NYSE:SPG) last issued its earnings results on Wednesday, January 31st. The real estate investment trust reported $3.12 earnings per share for the quarter, meeting the consensus estimate of $3.12. Simon Property Group had a net margin of 35.14% and a return on equity of 44.93%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the business earned $1.26 EPS. The firm’s revenue was up .1% on a year-over-year basis. analysts anticipate that Simon Property Group Inc will post 12 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be given a dividend of $1.95 per share. This is a positive change from Simon Property Group’s previous quarterly dividend of $1.85. This represents a $7.80 annualized dividend and a dividend yield of 4.97%. The ex-dividend date of this dividend is Tuesday, February 13th. Simon Property Group’s payout ratio is 118.59%.

In other news, SVP Steven K. Broadwater sold 621 shares of Simon Property Group stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $171.95, for a total transaction of $106,780.95. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 8.42% of the stock is currently owned by insiders.

Several research firms have recently issued reports on SPG. Zacks Investment Research downgraded shares of Simon Property Group from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Boenning Scattergood restated a “buy” rating and set a $240.00 price objective on shares of Simon Property Group in a report on Thursday, February 1st. ValuEngine downgraded shares of Simon Property Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Barclays restated a “buy” rating and set a $190.00 price objective on shares of Simon Property Group in a report on Wednesday, January 31st. Finally, SunTrust Banks set a $170.00 price objective on shares of Simon Property Group and gave the stock a “hold” rating in a report on Sunday, October 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. Simon Property Group presently has an average rating of “Buy” and an average 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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