Simon Property Group, Inc. (SPG) Shares Bought by ING Groep NV

ING Groep NV raised its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 574.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 18,099 shares of the real estate investment trust’s stock after buying an additional 15,416 shares during the period. ING Groep NV’s holdings in Simon Property Group were worth $3,185,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Zacks Investment Management raised its stake in Simon Property Group by 0.3% in the third quarter. Zacks Investment Management now owns 1,539 shares of the real estate investment trust’s stock valued at $319,000 after buying an additional 5 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in Simon Property Group by 0.6% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,350 shares of the real estate investment trust’s stock valued at $293,000 after buying an additional 8 shares in the last quarter. Cetera Advisors LLC raised its stake in Simon Property Group by 0.3% in the third quarter. Cetera Advisors LLC now owns 3,075 shares of the real estate investment trust’s stock valued at $633,000 after buying an additional 9 shares in the last quarter. Alpha Windward LLC raised its stake in Simon Property Group by 1.5% in the third quarter. Alpha Windward LLC now owns 804 shares of the real estate investment trust’s stock valued at $166,000 after buying an additional 12 shares in the last quarter. Finally, Whitnell & Co. raised its stake in Simon Property Group by 0.3% in the third quarter. Whitnell & Co. now owns 5,004 shares of the real estate investment trust’s stock valued at $1,036,000 after buying an additional 14 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

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

Shares of Simon Property Group, Inc. (NYSE:SPG) opened at 180.94 on Wednesday. Simon Property Group, Inc. has a one year low of $173.11 and a one year high of $229.10. The firm has a 50 day moving average price of $182.15 and a 200-day moving average price of $194.32. The firm has a market cap of $56.86 billion, a P/E ratio of 30.82 and a beta of 0.60.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data on Tuesday, January 31st. The real estate investment trust reported $2.53 EPS for the quarter, beating the consensus estimate of $1.48 by $1.05. Simon Property Group had a return on equity of 39.00% and a net margin of 35.11%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the business earned $2.40 earnings per share. Simon Property Group’s revenue for the quarter was up 3.3% on a year-over-year basis. Analysts forecast that Simon Property Group, Inc. will post $6.49 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 28th. Shareholders of record on Tuesday, February 14th will be issued a dividend of $1.75 per share. This is a boost from Simon Property Group’s previous quarterly dividend of $1.65. The ex-dividend date is Friday, February 10th. This represents a $7.00 dividend on an annualized basis and a yield of 3.87%. Simon Property Group’s payout ratio is presently 119.25%.

“Simon Property Group, Inc. (SPG) Shares Bought by ING Groep NV” was reported by sleekmoney and is owned by of sleekmoney. If you are accessing this news story on another website, it was copied illegally and republished in violation of United States and international trademark and copyright legislation. The legal version of this news story can be viewed at http://sleekmoney.com/simon-property-group-inc-spg-shares-bought-by-ing-groep-nv/1662222.html.

Several research firms have issued reports on SPG. RBC Capital Markets restated a “hold” rating and issued a $216.00 price objective on shares of Simon Property Group in a research note on Tuesday, January 3rd. Barclays PLC dropped their price objective on Simon Property Group from $247.00 to $202.00 and set an “overweight” rating on the stock in a research note on Monday, January 23rd. Deutsche Bank AG lowered Simon Property Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $231.00 to $188.00 in a research note on Monday, January 9th. Canaccord Genuity reiterated a “buy” rating on shares of Simon Property Group in a research note on Saturday, January 7th. Finally, SunTrust Banks, Inc. lowered Simon Property Group from a “buy” rating to a “hold” rating in a research note on Thursday, January 19th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Simon Property Group currently has an average rating of “Buy” and a consensus target price of $229.80.

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.

5 Day Chart for NYSE:SPG

Want to see what other hedge funds are holding SPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Simon Property Group, Inc. (NYSE:SPG).

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/simon-property-group-inc-spg-shares-bought-by-ing-groep-nv/1662222.html

Receive News & Ratings for Simon Property Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simon Property Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *