Resolution Capital Ltd increased its stake in Simon Ppty Group Inc New (SPG) by 25.64% based on its latest 2017Q2 regulatory filing with the SEC. The value of the investment in Simon Property Group went from $1,430,000 to $1,493,000 increasing 4.4% for the reporting period. Schwab Charles Investment Management Inc. now owns 2,804,400 shares of the real estate investment trust's stock worth $52,723,000 after purchasing an additional 621,172 shares during the period. Highstreet Asset Management Inc. purchased a new stake in Simon Property Group in the 2nd quarter valued at approximately $157,000. Principal Financial Group Inc. now owns 6,112,741 shares of the real estate investment trust's stock valued at $988,797,000 after purchasing an additional 542,743 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in shares of Simon Property Group by 0.7% during the 2nd quarter. Alpha Windward LLC now owns 856 shares of the real estate investment trust's stock worth $138,000 after buying an additional 93 shares during the last quarter. Global X Management Co. IHT Wealth Management LLC now owns 911 shares of the real estate investment trust's stock worth $155,000 after buying an additional 46 shares during the last quarter. Simon Property Group updated its FY17 guidance to $11.17-11.22 EPS. APG Asset Management US Inc. now owns 7,493,740 shares of the real estate investment trust's stock worth $1,206,567,000 after buying an additional 235,200 shares during the last quarter. Simon Property Group has a twelve month low of $150.15 and a twelve month high of $189.25. Independent Port Consultants Inc reported 0.03% of its portfolio in Simon Property Group Inc (NYSE:SPG). 2,832,300 shares of the stock traded hands, compared to its average volume of 1,856,591.
TRADEMARK VIOLATION NOTICE: "Royal Bank Of Canada Reaffirms "Hold" Rating for Brixmor Property Group Inc". Simon Property Group's P/E ratio is 28.30 and the market cap of the company is 51.28B. The company's 50-day moving average is $199.18 and its 200-day moving average is $207.77.
Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.01. The business had revenue of $314.50 million for the quarter, compared to analysts' expectations of $317.31 million. Oakwood Ltd Liability Company Ca stated it has 0.42% in Simon Property Group Inc (NYSE:SPG). The company's quarterly revenue was up 2.8% compared to the same quarter previous year.
Shares of Simon Property Group (NYSE SPG) traded up $2.49 during mid-day trading on Monday, reaching $163.75.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. As per Wednesday, November 1, the company rating was maintained by RBC Capital Markets. This represents a $7.40 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date of this dividend is Wednesday, January 3rd. Norway Savings Bank boosted its holdings in Simon Property Group by 19.5% in the 2nd quarter.
Several other analysts have also issued reports on the company. Zacks Investment Research upgraded Simon Property Group from a "hold" rating to a "buy" rating and set a $182.00 price target on the stock in a research note on Wednesday, October 11th. 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. (NYSE:SPG) in a research note issued to investors on Thursday, November 2nd. They set a "buy" rating and a $266.00 price objective for the company. Finally, Boenning Scattergood set a $240.00 price target on shares of Simon Property Group and gave the stock a buy rating in a research note on Monday, October 30th. Two analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company's stock. Stifel Nicolaus reissued a "hold" rating and issued a $170.00 price target on shares of Simon Property Group in a report on Thursday, October 12th. The stock was bought at an average price of $18.72 per share, for a total transaction of $187,200.00. Following the completion of the sale, the senior vice president now directly owns 2,965 shares of the company's stock, valued at $638,690.65. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Andrew Juster sold 7,000 shares of the stock in a transaction that occurred on Monday, August 29th. The value of the position overall is up by 1.7%. The disclosure for this sale can be found here.
Brixmor Property Group Inc is an internally managed real estate investment trust.
Simon Property Group, Inc is a self-administered and self-managed real estate investment trust (REIT).