Investors bought shares of Simon Property Group Inc. (NYSE:SPG) on weakness during trading on Tuesday. $78.39 million flowed into the stock on the tick-up and $56.27 million flowed out of the stock on the tick-down, for a money net flow of $22.12 million into the stock. Of all companies tracked, Simon Property Group had the 18th highest net in-flow for the day. Simon Property Group traded down ($2.51) for the day and closed at $211.57

Several research firms have commented on SPG. RBC Capital Markets lowered shares of Simon Property Group from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from $220.00 to $230.00 in a research note on Tuesday, August 2nd. They noted that the move was a valuation call. Royal Bank Of Canada lowered shares of Simon Property Group from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from $220.00 to $230.00 in a research note on Tuesday, August 2nd. Stifel Nicolaus increased their price objective on shares of Simon Property Group from $232.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, August 1st. Mizuho lowered shares of Simon Property Group from a “buy” rating to a “neutral” rating and set a $238.00 price objective for the company. in a research note on Wednesday, August 3rd. Finally, Vetr upgraded shares of Simon Property Group from a “sell” rating to a “hold” rating and set a $232.00 price objective for the company in a research note on Tuesday, August 2nd. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $232.32.

The stock has a market capitalization of $66.48 billion and a PE ratio of 37.58. The company’s 50-day moving average is $220.43 and its 200 day moving average is $204.98.

Simon Property Group (NYSE:SPG) last issued its earnings results on Wednesday, July 27th. The real estate investment trust reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.01. The firm earned $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. The company’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.41 EPS. On average, analysts anticipate that Simon Property Group Inc. will post $10.87 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 17th will be issued a dividend of $1.65 per share. The ex-dividend date of this dividend is Monday, August 15th. This is a boost from Simon Property Group’s previous quarterly dividend of $1.60. This represents a $6.60 annualized dividend and a dividend yield of 3.12%.

Several hedge funds and institutional investors recently added to or reduced their stakes in the stock. Bridgewater Associates LP bought a new position in Simon Property Group during the fourth quarter valued at $2,303,000. American International Group Inc. boosted its position in Simon Property Group by 5.2% in the fourth quarter. American International Group Inc. now owns 133,594 shares of the real estate investment trust’s stock valued at $25,976,000 after buying an additional 6,587 shares during the last quarter. KBC Group NV boosted its position in Simon Property Group by 9.2% in the fourth quarter. KBC Group NV now owns 154,224 shares of the real estate investment trust’s stock valued at $29,988,000 after buying an additional 13,004 shares during the last quarter. Dimensional Fund Advisors LP boosted its position 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 valued at $762,843,000 after buying an additional 53,521 shares during the last quarter. Finally, Stephens Inc. AR boosted its position in Simon Property Group by 9.0% in the fourth quarter. Stephens Inc. AR now owns 36,501 shares of the real estate investment trust’s stock valued at $7,097,000 after buying an additional 3,000 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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