Simon Property Group Inc. (NYSE:SPG)’s share price traded up 1% during trading on Wednesday . The stock traded as high as $214.66 and last traded at $214.07, with a volume of 1,096,980 shares trading hands. The stock had previously closed at $211.97.

Several equities analysts have commented on the stock. Jefferies Group reiterated a “buy” rating on shares of Simon Property Group in a research note on Wednesday, April 27th. Argus set a $245.00 price target on shares of Simon Property Group and gave the company a “buy” rating in a research note on Thursday, August 11th. Deutsche Bank AG increased their price target on shares of Simon Property Group from $232.00 to $233.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Vetr upgraded shares of Simon Property Group from a “sell” rating to a “hold” rating and set a $232.00 target price on the stock in a research report on Tuesday, August 2nd. Finally, RBC Capital Markets lowered shares of Simon Property Group from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from $220.00 to $230.00 in a research report on Tuesday, August 2nd. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $232.79.

The stock has a market capitalization of $67.32 billion and a price-to-earnings ratio of 38.05. The stock has a 50-day moving average of $219.77 and a 200-day moving average of $205.99.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Wednesday, August 17th will be given a dividend of $1.65 per share. This represents a $6.60 annualized dividend and a dividend yield of 3.08%. This is an increase from Simon Property Group’s previous quarterly dividend of $1.60. The ex-dividend date is Monday, August 15th.

Several large investors have recently bought and sold shares of SPG. Schwab Charles Investment Management Inc. raised its stake in Simon Property Group by 8.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,175,127 shares of the real estate investment trust’s stock valued at $422,932,000 after buying an additional 161,238 shares in 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 valued at $762,843,000 after buying an additional 53,521 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Simon Property Group by 1.0% in the fourth quarter. Ameriprise Financial Inc. now owns 2,785,737 shares of the real estate investment trust’s stock valued at $541,661,000 after buying an additional 27,496 shares in the last quarter. American International Group Inc. raised its stake 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 in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Simon Property Group by 74.0% in the fourth quarter. Victory Capital Management Inc. now owns 10,711 shares of the real estate investment trust’s stock valued at $2,083,000 after buying an additional 4,554 shares in 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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