Investors purchased shares of Simon Property Group Inc. (NYSE:SPG) on weakness during trading on Wednesday. $78.22 million flowed into the stock on the tick-up and $63.18 million flowed out of the stock on the tick-down, for a money net flow of $15.04 million into the stock. Of all equities tracked, Simon Property Group had the 28th highest net in-flow for the day. Simon Property Group traded down ($2.69) for the day and closed at $217.54

A number of brokerages have recently issued reports on SPG. Zacks Investment Research raised shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $243.00 price objective for the company in a research note on Tuesday. Citigroup Inc. increased their price objective on shares of Simon Property Group from $214.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, April 1st. Mizuho started coverage on shares of Simon Property Group in a research note on Wednesday, April 13th. They issued a “buy” rating and a $233.00 price objective for the company. Vetr raised shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $217.76 target price for the company in a research note on Wednesday, April 6th. Finally, Evercore ISI raised their target price on shares of Simon Property Group from $213.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, March 21st. Sixteen research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus target price of $228.79.

The firm’s 50 day moving average price is $203.81 and its 200 day moving average price is $198.41. The company has a market capitalization of $67.31 billion and a P/E ratio of 38.17.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Tuesday, April 26th. The real estate investment trust reported $2.63 EPS for the quarter, topping the consensus estimate of $2.54 by $0.09. During the same period in the previous year, the firm posted $2.28 EPS. The company earned $1.34 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Simon Property Group’s revenue was up 9.9% compared to the same quarter last year. Equities research analysts forecast that Simon Property Group Inc. will post $10.86 earnings per share for the current fiscal year.

In related news, Director Allan B. Hubbard purchased 136 shares of the business’s stock in a transaction that occurred on Thursday, April 28th. The stock was bought at an average price of $204.92 per share, with a total value of $27,869.12. Following the acquisition, the director now owns 8,809 shares in the company, valued at $1,805,140.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Other large investors recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Simon Property Group by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 41,471,502 shares of the real estate investment trust’s stock valued at $8,063,719,000 after buying an additional 1,067,581 shares during the last quarter. Principal Financial Group Inc. raised its stake in Simon Property Group by 3.7% in the fourth quarter. Principal Financial Group Inc. now owns 5,461,580 shares of the real estate investment trust’s stock worth $1,061,948,000 after buying an additional 194,067 shares during the last quarter. Agran Libbie raised its stake in Simon Property Group by 9,970.4% in the fourth quarter. Agran Libbie now owns 5,225,546 shares of the real estate investment trust’s stock worth $10,161,000 after buying an additional 5,173,656 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Simon Property Group by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,923,262 shares of the real estate investment trust’s stock worth $762,843,000 after buying an additional 53,521 shares during the last quarter. Finally, Schroder Investment Management Group raised its stake in Simon Property Group by 0.7% in the fourth quarter. Schroder Investment Management Group now owns 608,746 shares of the real estate investment trust’s stock worth $118,365,000 after buying an additional 4,014 shares during the last quarter.

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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