Schroder Investment Management Group reduced its stake in Simon Property Group, Inc. (NYSE:SPG) by 77.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,070 shares of the real estate investment trust’s stock after selling 209,166 shares during the period. Schroder Investment Management Group’s holdings in Simon Property Group were worth $9,766,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Ffcm LLC increased its holdings in shares of Simon Property Group by 6.4% in the second quarter. Ffcm LLC now owns 34,405 shares of the real estate investment trust’s stock valued at $5,565,000 after purchasing an additional 2,074 shares during the last quarter. Calamos Advisors LLC increased its holdings in shares of Simon Property Group by 2.7% in the second quarter. Calamos Advisors LLC now owns 45,470 shares of the real estate investment trust’s stock valued at $7,355,000 after purchasing an additional 1,205 shares during the last quarter. Partners Value Investments LP acquired a new position in shares of Simon Property Group in the second quarter valued at $11,647,000. Cedar Capital LLC acquired a new position in shares of Simon Property Group in the second quarter valued at $2,001,000. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of Simon Property Group by 10.6% in the second quarter. Oppenheimer & Co. Inc. now owns 2,890 shares of the real estate investment trust’s stock valued at $468,000 after purchasing an additional 276 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

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

Shares of Simon Property Group, Inc. (NYSE:SPG) opened at 164.77 on Friday. The company has a market cap of $51.22 billion, a PE 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 company’s 50-day moving average is $159.43 and its 200 day moving average is $163.10.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders 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 a positive change from Simon Property Group’s previous quarterly dividend of $1.75. Simon Property Group’s payout ratio is presently 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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