Simon Property Group Inc (NYSE:SPG) Stock Holdings Cut by Signaturefd LLC

Signaturefd LLC cut its stake in shares of Simon Property Group Inc (NYSE:SPG) by 47.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 861 shares of the real estate investment trust’s stock after selling 770 shares during the quarter. Signaturefd LLC’s holdings in Simon Property Group were worth $134,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ingalls & Snyder LLC boosted its stake in shares of Simon Property Group by 68.8% during the 3rd quarter. Ingalls & Snyder LLC now owns 49,039 shares of the real estate investment trust’s stock worth $7,633,000 after acquiring an additional 19,993 shares in the last quarter. Campbell & CO Investment Adviser LLC boosted its stake in shares of Simon Property Group by 34.3% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 1,793 shares of the real estate investment trust’s stock worth $279,000 after acquiring an additional 458 shares in the last quarter. Douglas Lane & Associates LLC boosted its stake in shares of Simon Property Group by 9.6% during the 3rd quarter. Douglas Lane & Associates LLC now owns 280,407 shares of the real estate investment trust’s stock worth $43,645,000 after acquiring an additional 24,480 shares in the last quarter. DNB Asset Management AS boosted its stake in shares of Simon Property Group by 7.5% during the 3rd quarter. DNB Asset Management AS now owns 33,409 shares of the real estate investment trust’s stock worth $5,200,000 after acquiring an additional 2,334 shares in the last quarter. Finally, Triangle Securities Wealth Management bought a new stake in shares of Simon Property Group during the 3rd quarter worth $566,000. 95.62% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently weighed in on SPG shares. SunTrust Banks reduced their price objective on Simon Property Group from $185.00 to $160.00 and set a “hold” rating for the company in a research note on Friday, August 23rd. Citigroup lowered Simon Property Group from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $187.00 to $170.00 in a research note on Monday, September 23rd. Barclays set a $218.00 price objective on Simon Property Group and gave the stock a “buy” rating in a research note on Friday, October 11th. ValuEngine lowered Simon Property Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, Morgan Stanley reduced their price objective on Simon Property Group from $170.00 to $157.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. Simon Property Group has a consensus rating of “Hold” and an average target price of $184.30.

Shares of Simon Property Group stock opened at $149.92 on Monday. The stock has a market cap of $45.84 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 2.77 and a beta of 0.54. The business has a fifty day simple moving average of $151.86 and a 200-day simple moving average of $162.53. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 7.02. Simon Property Group Inc has a 12 month low of $145.28 and a 12 month high of $191.49.

Simon Property Group (NYSE:SPG) last issued its earnings results on Wednesday, July 31st. The real estate investment trust reported $2.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.98 by $0.01. The business 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 63.49% and a net margin of 40.48%. Simon Property Group’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.98 earnings per share. Analysts expect that Simon Property Group Inc will post 12.23 EPS for the current fiscal year.

Simon Property Group Profile

Simon is a global leader in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE:SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.

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

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