Westwood Holdings Group Inc. decreased its stake in Simon Property Group, Inc. (NYSE:SPG) by 2.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 485,639 shares of the real estate investment trust’s stock after selling 10,694 shares during the quarter. Westwood Holdings Group Inc. owned about 0.16% of Simon Property Group worth $78,557,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings in shares of Simon Property Group by 0.7% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 973 shares of the real estate investment trust’s stock worth $157,000 after purchasing an additional 7 shares during the period. Nomura Holdings Inc. boosted its holdings in shares of Simon Property Group by 1,276.2% in the 2nd quarter. Nomura Holdings Inc. now owns 25,514 shares of the real estate investment trust’s stock worth $4,127,000 after purchasing an additional 23,660 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Simon Property Group by 1.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 15,596 shares of the real estate investment trust’s stock worth $2,523,000 after purchasing an additional 173 shares during the period. Assetmark Inc. boosted its holdings in shares of Simon Property Group by 13.3% in the 2nd quarter. Assetmark Inc. now owns 63,015 shares of the real estate investment trust’s stock worth $10,193,000 after purchasing an additional 7,398 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Simon Property Group by 5.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 393,919 shares of the real estate investment trust’s stock worth $63,721,000 after purchasing an additional 19,793 shares during the period. Hedge funds and other institutional investors own 94.95% of the company’s stock.

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A number of equities analysts have recently commented on the company. Boenning Scattergood set a $240.00 target price on Simon Property Group and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Barclays PLC lifted their target price on Simon Property Group from $188.00 to $190.00 and gave the stock an “overweight” rating in a report on Tuesday, August 8th. Argus dropped their target price on Simon Property Group from $225.00 to $210.00 and set a “buy” rating for the company in a report on Thursday, June 29th. Jefferies Group LLC reiterated a “buy” rating and issued a $190.00 target price on shares of Simon Property Group in a report on Monday, July 17th. Finally, BidaskClub upgraded Simon Property Group from a “strong sell” rating to a “sell” rating in a report on Sunday, July 16th. Two analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. Simon Property Group presently has a consensus rating of “Buy” and an average target price of $193.76.

Shares of Simon Property Group, Inc. (NYSE:SPG) traded up 0.99% during midday trading on Wednesday, hitting $164.52. The company had a trading volume of 585,595 shares. The company has a market capitalization of $51.14 billion, a PE ratio of 28.12 and a beta of 0.60. Simon Property Group, Inc. has a 12 month low of $150.15 and a 12 month high of $199.85. The company has a 50-day moving average of $159.55 and a 200-day moving average of $161.51.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.03. The company 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 firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.63 earnings per share. Analysts predict that Simon Property Group, Inc. will post $6.35 earnings per share for the current year.

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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