Edmond DE Rothschild Holding S.A. grew its stake in Simon Property Group, Inc. (NYSE:SPG) by 9.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,821 shares of the real estate investment trust’s stock after buying an additional 1,707 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Simon Property Group were worth $3,207,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Norway Savings Bank increased its stake in shares of Simon Property Group by 19.5% in the second quarter. Norway Savings Bank now owns 765 shares of the real estate investment trust’s stock valued at $124,000 after buying an additional 125 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in shares of Simon Property Group by 27.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 787 shares of the real estate investment trust’s stock valued at $127,000 after buying an additional 169 shares during the period. Alpha Windward LLC increased its stake in shares of Simon Property Group by 12.2% in the second quarter. Alpha Windward LLC now owns 856 shares of the real estate investment trust’s stock valued at $138,000 after buying an additional 93 shares during the period. Israel Discount Bank of New York acquired a new stake in shares of Simon Property Group in the first quarter valued at about $146,000. Finally, IHT Wealth Management LLC increased its stake in shares of Simon Property Group by 5.3% in the first quarter. IHT Wealth Management LLC now owns 911 shares of the real estate investment trust’s stock valued at $155,000 after buying an additional 46 shares during the period. 95.16% of the stock is owned by institutional investors.

Several brokerages have recently weighed in on SPG. BMO Capital Markets began coverage on Simon Property Group in a research note on Monday, September 11th. They issued an “outperform” rating and a $175.00 price target for the company. Stifel Nicolaus set a $170.00 price target on Simon Property Group and gave the company a “hold” rating in a research note on Sunday, August 27th. Jefferies Group LLC reissued a “buy” rating and issued a $200.00 price target (up previously from $198.00) on shares of Simon Property Group in a research note on Thursday, August 24th. Argus decreased their price target on Simon Property Group from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, August 22nd. Finally, BidaskClub cut Simon Property Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $193.76.

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Shares of Simon Property Group, Inc. (NYSE:SPG) traded up 0.62% during midday trading on Friday, hitting $164.77. The company had a trading volume of 2,811,561 shares. The company has a market capitalization of $51.22 billion, a P/E ratio of 29.37 and a beta of 0.58. Simon Property Group, Inc. has a 52 week low of $150.15 and a 52 week high of $215.56. The firm’s 50 day moving average is $159.43 and its 200 day moving average is $163.10.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.03. Simon Property Group had a return on equity of 39.29% and a net margin of 32.07%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the previous year, the business earned $2.63 EPS. Simon Property Group’s revenue was up 3.5% compared to the same quarter last year. Equities research analysts anticipate that Simon Property Group, Inc. will post $6.35 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Thursday, August 17th were issued a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date was Tuesday, August 15th. This is an increase from Simon Property Group’s previous quarterly dividend of $1.75. Simon Property Group’s payout ratio is currently 127.89%.

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.

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

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