Simon Property Group, Inc. (SPG) Shares Bought by APG Asset Management N.V.

APG Asset Management N.V. raised its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 12.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 72,045 shares of the real estate investment trust’s stock after buying an additional 7,700 shares during the period. APG Asset Management N.V.’s holdings in Simon Property Group were worth $11,654,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. APG Asset Management US Inc. boosted its position in Simon Property Group by 7.4% in the second quarter. APG Asset Management US Inc. now owns 7,258,540 shares of the real estate investment trust’s stock worth $1,174,141,000 after buying an additional 498,800 shares in the last quarter. Forsta AP Fonden boosted its position in Simon Property Group by 53.5% in the second quarter. Forsta AP Fonden now owns 93,100 shares of the real estate investment trust’s stock worth $15,060,000 after buying an additional 32,435 shares in the last quarter. Private Capital Management Inc. boosted its position in Simon Property Group by 21.1% in the second quarter. Private Capital Management Inc. now owns 6,900 shares of the real estate investment trust’s stock worth $1,116,000 after buying an additional 1,200 shares in the last quarter. Manning & Napier Advisors LLC boosted its position in Simon Property Group by 10.3% in the second quarter. Manning & Napier Advisors LLC now owns 102,885 shares of the real estate investment trust’s stock worth $16,641,000 after buying an additional 9,595 shares in the last quarter. Finally, Patriot Wealth Management Inc. acquired a new position in Simon Property Group during the second quarter worth about $6,425,000. 95.44% of the stock is owned by institutional investors and hedge funds.

Shares of Simon Property Group, Inc. (SPG) traded up 1.744% during mid-day trading on Tuesday, hitting $161.265. The stock had a trading volume of 1,515,456 shares. Simon Property Group, Inc. has a 1-year low of $150.15 and a 1-year high of $227.50. The firm has a market capitalization of $50.35 billion, a PE ratio of 27.595 and a beta of 0.58. The stock’s 50-day moving average is $159.97 and its 200-day moving average is $168.28.

A number of research analysts recently issued reports on the company. BidaskClub raised Simon Property Group from a “sell” rating to a “hold” rating in a report on Monday. Jefferies Group LLC reaffirmed a “buy” rating on shares of Simon Property Group in a report on Tuesday, July 25th. Barclays PLC cut their price target on Simon Property Group from $191.00 to $188.00 and set an “overweight” rating for the company in a report on Tuesday, July 18th. Stifel Nicolaus assumed coverage on Simon Property Group in a report on Friday, July 14th. They issued a “hold” rating and a $170.00 price target for the company. Finally, Zacks Investment Research cut Simon Property Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company’s stock. Simon Property Group currently has a consensus rating of “Buy” and an average target price of $191.65.

Simon Property Group Company 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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