Investors sold shares of Simon Property Group Inc (NYSE:SPG) on strength during trading hours on Monday. $79.63 million flowed into the stock on the tick-up and $131.14 million flowed out of the stock on the tick-down, for a money net flow of $51.51 million out of the stock. Of all stocks tracked, Simon Property Group had the 0th highest net out-flow for the day. Simon Property Group traded up $1.32 for the day and closed at $163.67

A number of research firms have issued reports on SPG. Royal Bank Of Canada restated a “hold” rating and set a $176.00 target price on shares of Simon Property Group in a research report on Thursday, November 2nd. Argus cut their target price on shares of Simon Property Group from $200.00 to $195.00 and set a “buy” rating on the stock in a research report on Tuesday, October 31st. Zacks Investment Research upgraded shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $182.00 target price on the stock in a research report on Wednesday, October 11th. Mizuho set a $183.00 target price on shares of Simon Property Group and gave the company a “buy” rating in a research report on Sunday, October 29th. Finally, 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. Simon Property Group has a consensus rating of “Buy” and a consensus price target of $191.11.

The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 5.57. The stock has a market capitalization of $104,711.16, a P/E ratio of 14.87, a P/E/G ratio of 2.21 and a beta of 0.62.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.88 by $0.01. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Simon Property Group had a return on equity of 41.85% and a net margin of 31.96%. Simon Property Group’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.70 EPS. sell-side analysts anticipate that Simon Property Group Inc will post 11.2 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 16th were paid a dividend of $1.85 per share. This represents a $7.40 dividend on an annualized basis and a yield of 4.55%. This is a boost from Simon Property Group’s previous quarterly dividend of $1.80. The ex-dividend date of this dividend was Wednesday, November 15th. Simon Property Group’s dividend payout ratio is presently 130.51%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in Simon Property Group by 0.7% during 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 in the last quarter. WFG Advisors LP increased its stake in Simon Property Group by 1.3% during the 2nd quarter. WFG Advisors LP now owns 1,841 shares of the real estate investment trust’s stock worth $298,000 after purchasing an additional 23 shares in the last quarter. Sigma Planning Corp increased its stake in Simon Property Group by 1.1% during the 2nd quarter. Sigma Planning Corp now owns 3,832 shares of the real estate investment trust’s stock worth $620,000 after purchasing an additional 40 shares in the last quarter. South Texas Money Management Ltd. increased its stake in Simon Property Group by 1.7% during the 2nd quarter. South Texas Money Management Ltd. now owns 2,760 shares of the real estate investment trust’s stock worth $446,000 after purchasing an additional 45 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its stake in Simon Property Group by 2.6% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 1,760 shares of the real estate investment trust’s stock worth $285,000 after purchasing an additional 45 shares in the last quarter. 47.60% of the stock is owned by institutional investors and hedge funds.

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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.

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