Investors purchased shares of Simon Property Group Inc. (NYSE:SPG) on weakness during trading on Tuesday. $79.48 million flowed into the stock on the tick-up and $57.23 million flowed out of the stock on the tick-down, for a money net flow of $22.25 million into the stock. Of all stocks tracked, Simon Property Group had the 13th highest net in-flow for the day. Simon Property Group traded down ($0.28) for the day and closed at $221.46

Several equities analysts recently issued reports on the stock. Goldman Sachs Group Inc. downgraded shares of Simon Property Group from a “conviction-buy” rating to a “buy” rating and cut their price target for the company from $243.00 to $236.00 in a report on Monday, June 13th. Vetr downgraded shares of Simon Property Group from a “strong-buy” rating to a “buy” rating and set a $227.18 price target for the company. in a report on Wednesday, June 15th. Mizuho reissued a “buy” rating on shares of Simon Property Group in a report on Thursday, May 26th. Citigroup Inc. lifted their price target on shares of Simon Property Group from $214.00 to $235.00 and gave the company a “buy” rating in a report on Friday, April 1st. Finally, Jefferies Group reissued a “buy” rating on shares of Simon Property Group in a report on Wednesday, April 27th. Sixteen research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus target price of $228.79.

The company’s 50 day moving average is $206.75 and its 200 day moving average is $199.19. The stock has a market capitalization of $68.52 billion and a PE ratio of 38.86.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Tuesday, April 26th. The real estate investment trust reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.09. During the same quarter in the previous year, the business posted $2.28 earnings per share. The company earned $1.34 billion during the quarter, compared to analyst estimates of $1.26 billion. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, analysts forecast that Simon Property Group Inc. will post $10.86 EPS for the current fiscal year.

In related news, Director Allan B. Hubbard purchased 136 shares of Simon Property Group stock in a transaction dated Thursday, April 28th. The shares were bought at an average cost of $204.92 per share, for a total transaction of $27,869.12. Following the purchase, the director now owns 8,809 shares in the company, valued at approximately $1,805,140.28. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Several large investors recently bought and sold shares of SPG. Cornerstone Real Estate Advisers LLC increased its stake in Simon Property Group by 3.1% in the fourth quarter. Cornerstone Real Estate Advisers LLC now owns 109,861 shares of the real estate investment trust’s stock worth $21,361,000 after buying an additional 3,310 shares during the last quarter. Payden & Rygel increased its stake in Simon Property Group by 5.6% in the fourth quarter. Payden & Rygel now owns 66,150 shares of the real estate investment trust’s stock worth $12,862,000 after buying an additional 3,500 shares during the last quarter. Liberty Mutual Group Asset Management Inc. increased its stake in Simon Property Group by 22.9% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 18,451 shares of the real estate investment trust’s stock worth $3,587,000 after buying an additional 3,432 shares during the last quarter. Spectrum Management Group Inc. increased its stake in Simon Property Group by 1.0% in the fourth quarter. Spectrum Management Group Inc. now owns 10,467 shares of the real estate investment trust’s stock worth $2,035,000 after buying an additional 100 shares during the last quarter. Finally, D L Carlson Investment Group Inc. increased its stake in Simon Property Group by 0.4% in the fourth quarter. D L Carlson Investment Group Inc. now owns 14,246 shares of the real estate investment trust’s stock worth $2,770,000 after buying an additional 60 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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