Investors sold shares of Simon Property Group Inc. (NYSE:SPG) on strength during trading on Thursday. $45.28 million flowed into the stock on the tick-up and $66.56 million flowed out of the stock on the tick-down, for a money net flow of $21.28 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 $1.31 for the day and closed at $215.55

SPG has been the topic of several recent research reports. Mizuho reaffirmed a “buy” rating on shares of Simon Property Group in a research report on Thursday, May 26th. Goldman Sachs Group Inc. lowered shares of Simon Property Group from a “conviction-buy” rating to a “buy” rating and cut their price objective for the company from $243.00 to $236.00 in a research report on Monday, June 13th. Zacks Investment Research raised shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $243.00 price objective on the stock in a research report on Tuesday, July 5th. Vetr lowered shares of Simon Property Group from a “strong-buy” rating to a “buy” rating and set a $225.68 price objective on the stock. in a research report on Thursday, June 9th. Finally, Royal Bank Of Canada lowered shares of Simon Property Group from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from $220.00 to $230.00 in a research report on Tuesday, August 2nd. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Simon Property Group presently has an average rating of “Buy” and an average target price of $234.45.

The firm has a market cap of $67.73 billion and a PE ratio of 38.29. The firm has a 50 day moving average price of $219.72 and a 200-day moving average price of $206.06.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Wednesday, July 27th. The real estate investment trust reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.62 by $0.01. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.41 EPS. Analysts forecast that Simon Property Group Inc. will post $10.87 EPS for the current fiscal 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 paid a dividend of $1.65 per share. This represents a $6.60 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Monday, August 15th. This is an increase from Simon Property Group’s previous quarterly dividend of $1.60.

Several large investors recently made changes to their positions in SPG. American International Group Inc. boosted its stake in shares of 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 worth $25,976,000 after buying an additional 6,587 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of 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 worth $422,932,000 after buying an additional 161,238 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of 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 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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