Bokf Na reduced its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 1.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,393 shares of the real estate investment trust’s stock after selling 123 shares during the period. Bokf Na’s holdings in Simon Property Group were worth $1,737,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SPG. Robeco Institutional Asset Management B.V. increased its position in Simon Property Group by 2.6% in the second quarter. Robeco Institutional Asset Management B.V. now owns 149,362 shares of the real estate investment trust’s stock worth $32,396,000 after buying an additional 3,854 shares in the last quarter. Oakbrook Investments LLC increased its position in Simon Property Group by 12.3% in the second quarter. Oakbrook Investments LLC now owns 19,597 shares of the real estate investment trust’s stock worth $4,251,000 after buying an additional 2,150 shares in the last quarter. Sigma Planning Corp bought a new position in Simon Property Group during the second quarter worth $255,000. Trust Co. of Toledo NA OH increased its position in Simon Property Group by 5.7% in the second quarter. Trust Co. of Toledo NA OH now owns 13,738 shares of the real estate investment trust’s stock worth $2,979,000 after buying an additional 745 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in Simon Property Group by 7.8% in the second quarter. Daiwa Securities Group Inc. now owns 8,296,851 shares of the real estate investment trust’s stock worth $1,799,587,000 after buying an additional 600,445 shares in the last quarter. Hedge funds and other institutional investors own 96.97% of the company’s stock.

Institutional Ownership by Quarter for Simon Property Group (NYSE:SPG)

Simon Property Group, Inc. (NYSE:SPG) traded up 0.50% during trading on Friday, hitting $184.01. The stock had a trading volume of 1,740,392 shares. Simon Property Group, Inc. has a 52 week low of $173.11 and a 52 week high of $229.10. The company has a 50-day moving average of $181.26 and a 200-day moving average of $200.73. The stock has a market capitalization of $57.82 billion, a P/E ratio of 31.34 and a beta of 0.61.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Wednesday, October 26th. The real estate investment trust reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.02. Simon Property Group had a return on equity of 36.22% and a net margin of 35.37%. The business earned $1.36 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period in the prior year, the company earned $2.54 earnings per share. Simon Property Group’s revenue was up 2.8% compared to the same quarter last year. On average, equities analysts expect that Simon Property Group, Inc. will post $5.89 earnings per share for the current fiscal year.

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Several research analysts have recently commented on SPG shares. Royal Bank Of Canada reduced their target price on Simon Property Group from $230.00 to $216.00 and set a “sector perform” rating for the company in a research note on Tuesday, November 1st. Deutsche Bank AG downgraded Simon Property Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $231.00 to $188.00 in a research note on Monday. Jefferies Group reiterated a “buy” rating and set a $255.00 target price on shares of Simon Property Group in a research note on Sunday, October 23rd. Canaccord Genuity reiterated a “buy” rating on shares of Simon Property Group in a research note on Friday, September 16th. Finally, RBC Capital Markets reiterated a “hold” rating and set a $216.00 target price on shares of Simon Property Group in a research note on Tuesday, January 3rd. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $233.33.

About Simon Property Group

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.

5 Day Chart for NYSE:SPG

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