Milestone Group Inc. raised its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 75.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,331 shares of the real estate investment trust’s stock after purchasing an additional 1,000 shares during the quarter. Milestone Group Inc.’s holdings in Simon Property Group were worth $375,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Norway Savings Bank increased its stake in 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 acquiring an additional 125 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in 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 acquiring an additional 169 shares during the period. Alpha Windward LLC increased its stake in 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 acquiring an additional 93 shares during the period. Highstreet Asset Management Inc. bought a new stake in Simon Property Group in the second quarter valued at about $157,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in Simon Property Group by 0.7% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 973 shares of the real estate investment trust’s stock valued at $157,000 after acquiring an additional 7 shares during the period. Institutional investors own 95.24% of the company’s stock.

Shares of Simon Property Group, Inc. (NYSE:SPG) traded down $3.32 during mid-day trading on Monday, hitting $160.43. 1,659,905 shares of the stock were exchanged, compared to its average volume of 1,821,617. Simon Property Group, Inc. has a 12 month low of $150.15 and a 12 month high of $189.25. The firm has a market capitalization of $51,640.00, a price-to-earnings ratio of 14.87, a price-to-earnings-growth ratio of 2.20 and a beta of 0.60. The company has a debt-to-equity ratio of 5.57, a current ratio of 0.93 and a quick ratio of 0.93.

Simon Property Group (NYSE:SPG) last announced its earnings results on Friday, October 27th. The real estate investment trust reported $2.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.88 by $0.01. Simon Property Group had a net margin of 31.96% and a return on equity of 41.85%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the business earned $2.70 earnings per share. Simon Property Group’s quarterly revenue was up 3.4% on a year-over-year basis. equities research analysts anticipate that Simon Property Group, Inc. will post 11.21 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be issued a $1.85 dividend. This is a positive change from Simon Property Group’s previous quarterly dividend of $1.80. This represents a $7.40 annualized dividend and a yield of 4.61%. The ex-dividend date is Wednesday, November 15th. Simon Property Group’s dividend payout ratio is currently 127.21%.

A number of analysts recently weighed in on SPG shares. BidaskClub cut shares of Simon Property Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Barclays PLC upped their price objective on shares of Simon Property Group from $188.00 to $190.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 8th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Simon Property Group in a research note on Tuesday, July 25th. Boenning Scattergood set a $240.00 price objective on shares of Simon Property Group and gave the stock a “buy” rating in a research note on Monday, October 30th. Finally, BMO Capital Markets started coverage on shares of Simon Property Group in a research note on Monday, September 11th. They set an “outperform” rating and a $175.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $191.45.

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Simon Property Group Profile

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

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