Commerzbank Aktiengesellschaft FI raised its position in Simon Property Group Inc (NYSE:SPG) by 146.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,569 shares of the real estate investment trust’s stock after acquiring an additional 16,368 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Simon Property Group were worth $4,291,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the business. Meeder Asset Management Inc. grew its position in Simon Property Group by 25.8% in the third quarter. Meeder Asset Management Inc. now owns 60,890 shares of the real estate investment trust’s stock valued at $9,478,000 after acquiring an additional 12,485 shares in the last quarter. Edmp Inc. acquired a new stake in Simon Property Group in the third quarter valued at approximately $242,000. Osborn Williams & Donohoe LLC grew its position in Simon Property Group by 45.2% in the third quarter. Osborn Williams & Donohoe LLC now owns 6,521 shares of the real estate investment trust’s stock valued at $1,015,000 after acquiring an additional 2,030 shares in the last quarter. Ingalls & Snyder LLC grew its position in Simon Property Group by 68.8% in the third quarter. Ingalls & Snyder LLC now owns 49,039 shares of the real estate investment trust’s stock valued at $7,633,000 after acquiring an additional 19,993 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC grew its position in Simon Property Group by 34.3% in the third quarter. Campbell & CO Investment Adviser LLC now owns 1,793 shares of the real estate investment trust’s stock valued at $279,000 after acquiring an additional 458 shares in the last quarter. 95.62% of the stock is owned by institutional investors.
SPG has been the subject of several recent research reports. ValuEngine downgraded shares of Simon Property Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. SunTrust Banks reduced their target price on Simon Property Group from $185.00 to $160.00 and set a “hold” rating for the company in a research note on Friday, August 23rd. Barclays set a $218.00 target price on Simon Property Group and gave the company a “buy” rating in a research note on Friday, October 11th. Morgan Stanley reduced their target price on Simon Property Group from $170.00 to $157.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 3rd. Finally, Citigroup cut Simon Property Group from a “buy” rating to a “neutral” rating and reduced their target price for the company from $187.00 to $170.00 in a research note on Monday, September 23rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. Simon Property Group has an average rating of “Hold” and a consensus target price of $184.30.
Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $2.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.98 by $0.01. Simon Property Group had a return on equity of 63.49% and a net margin of 40.48%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the business posted $2.98 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. As a group, equities analysts predict that Simon Property Group Inc will post 12.23 earnings per share for the current fiscal year.
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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