Livforsakringsbolaget Skandia Omsesidigt Sells 3,000 Shares of Simon Property Group Inc (SPG)

Livforsakringsbolaget Skandia Omsesidigt cut its stake in shares of Simon Property Group Inc (NYSE:SPG) by 52.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,744 shares of the real estate investment trust’s stock after selling 3,000 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Simon Property Group were worth $485,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. lifted its position in Simon Property Group by 19.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 181,158 shares of the real estate investment trust’s stock worth $32,018,000 after acquiring an additional 29,514 shares in the last quarter. ARP Americas LP lifted its position in Simon Property Group by 17.4% during the 3rd quarter. ARP Americas LP now owns 9,748 shares of the real estate investment trust’s stock worth $1,723,000 after acquiring an additional 1,448 shares in the last quarter. First Trust Advisors LP lifted its position in Simon Property Group by 19.5% during the 3rd quarter. First Trust Advisors LP now owns 232,503 shares of the real estate investment trust’s stock worth $41,095,000 after acquiring an additional 38,017 shares in the last quarter. IFP Advisors Inc raised its position in shares of Simon Property Group by 22.8% in the 3rd quarter. IFP Advisors Inc now owns 1,852 shares of the real estate investment trust’s stock valued at $327,000 after purchasing an additional 344 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Simon Property Group by 7.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,315,808 shares of the real estate investment trust’s stock valued at $232,570,000 after purchasing an additional 95,434 shares in the last quarter. 92.72% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider John Rulli sold 1,330 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $177.05, for a total value of $235,476.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.64% of the stock is currently owned by insiders.



Shares of SPG opened at $187.75 on Wednesday. Simon Property Group Inc has a 52-week low of $145.78 and a 52-week high of $188.21. The company has a market capitalization of $57.58 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 2.47 and a beta of 0.53. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 6.14.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Thursday, October 25th. The real estate investment trust reported $1.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.73 by $0.07. Simon Property Group had a return on equity of 57.87% and a net margin of 40.83%. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.42 billion. Sell-side analysts expect that Simon Property Group Inc will post 12.12 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 16th will be issued a $2.00 dividend. The ex-dividend date is Thursday, November 15th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 4.26%. Simon Property Group’s dividend payout ratio (DPR) is 71.36%.

A number of equities analysts have issued reports on SPG shares. Barclays upped their target price on Simon Property Group from $184.00 to $192.00 and gave the company an “overweight” rating in a research report on Tuesday, July 17th. Jefferies Financial Group reaffirmed a “$170.72” rating and issued a $194.00 target price on shares of Simon Property Group in a research report on Wednesday, July 18th. BMO Capital Markets reaffirmed a “buy” rating and issued a $175.00 target price on shares of Simon Property Group in a research report on Monday, July 30th. Wells Fargo & Co upped their target price on Simon Property Group from $175.00 to $183.00 and gave the company an “outperform” rating in a research report on Tuesday, July 31st. Finally, Citigroup upped their target price on Simon Property Group from $187.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, July 31st. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $195.42.

Simon Property Group Company 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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