Investors sold shares of Simon Property Group Inc. (NYSE:SPG) on strength during trading on Friday. $36.65 million flowed into the stock on the tick-up and $81.17 million flowed out of the stock on the tick-down, for a money net flow of $44.52 million out of the stock. Of all equities tracked, Simon Property Group had the 0th highest net out-flow for the day. Simon Property Group traded up $1.10 for the day and closed at $225.30

A number of analysts have commented on SPG shares. Vetr lowered shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $212.51 price objective for the company. in a research note on Tuesday, March 29th. Citigroup Inc. upped their price objective on shares of Simon Property Group from $214.00 to $235.00 and gave the company 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 set a “buy” rating and a $233.00 price objective for the company. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Simon Property Group in a research note on Wednesday, April 20th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Simon Property Group in a research note on Wednesday, April 27th. Sixteen research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average price target of $228.79.

The company’s 50-day moving average is $212.43 and its 200 day moving average is $200.76. The company has a market cap of $69.71 billion and a P/E ratio of 39.53.

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

In related news, Director Allan B. Hubbard bought 136 shares of Simon Property Group stock in a transaction on Thursday, April 28th. The shares were purchased at an average price of $204.92 per share, for a total transaction of $27,869.12. Following the completion of the acquisition, the director now owns 8,809 shares in the company, valued at $1,805,140.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Other institutional investors recently modified their holdings of the company. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position in shares of Simon Property Group by 8.5% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 88,833 shares of the real estate investment trust’s stock worth $17,273,000 after buying an additional 6,969 shares during the period. Aberdeen Asset Management PLC UK boosted its position in Simon Property Group by 13.9% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 103,130 shares of the real estate investment trust’s stock valued at $21,124,000 after buying an additional 12,606 shares during the period. Principal Financial Group Inc. boosted its position 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 valued at $1,061,948,000 after buying an additional 194,067 shares during the period. Bank of Montreal Can boosted its position in Simon Property Group by 1.2% in the fourth quarter. Bank of Montreal Can now owns 358,277 shares of the real estate investment trust’s stock valued at $69,663,000 after buying an additional 4,091 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. boosted its position in Simon Property Group by 4.8% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 159,299 shares of the real estate investment trust’s stock valued at $30,974,000 after buying an additional 7,276 shares during the period.

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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