14,560 Shares in Simon Property Group, Inc. (SPG) Acquired by Menta Capital LLC

Menta Capital LLC purchased a new stake in Simon Property Group, Inc. (NYSE:SPG) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 14,560 shares of the real estate investment trust’s stock, valued at approximately $2,355,000.

A number of other institutional investors have also recently bought and sold shares of the business. UBS Asset Management Americas Inc. raised its holdings in Simon Property Group by 22.6% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,310,788 shares of the real estate investment trust’s stock valued at $373,793,000 after acquiring an additional 426,557 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of Simon Property Group by 50.0% in the 2nd quarter. Lazard Asset Management LLC now owns 302,295 shares of the real estate investment trust’s stock worth $48,898,000 after buying an additional 100,785 shares in the last quarter. Investec Asset Management LTD raised its holdings in shares of Simon Property Group by 4.7% in the 2nd quarter. Investec Asset Management LTD now owns 125,957 shares of the real estate investment trust’s stock worth $20,375,000 after buying an additional 5,600 shares in the last quarter. Investec Asset Management North America Inc. raised its holdings in shares of Simon Property Group by 5.1% in the 2nd quarter. Investec Asset Management North America Inc. now owns 4,100 shares of the real estate investment trust’s stock worth $663,000 after buying an additional 200 shares in the last quarter. Finally, Bank Hapoalim BM raised its holdings in shares of Simon Property Group by 139.9% in the 2nd quarter. Bank Hapoalim BM now owns 6,122 shares of the real estate investment trust’s stock worth $990,000 after buying an additional 3,570 shares in the last quarter. 94.93% of the stock is owned by hedge funds and other institutional investors.

SPG has been the topic of a number of research analyst reports. Argus decreased their price target on Simon Property Group from $225.00 to $210.00 and set a “buy” rating on the stock in a research report on Thursday, June 29th. Morgan Stanley reiterated an “equal weight” rating and issued a $158.00 price objective (down from $180.00) on shares of Simon Property Group in a research report on Saturday, June 3rd. Zacks Investment Research lowered Simon Property Group from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. Boenning Scattergood set a $240.00 price target on Simon Property Group and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Finally, Stifel Nicolaus set a $170.00 price target on Simon Property Group and gave the stock a “hold” rating in a research report on Sunday, August 27th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Simon Property Group presently has a consensus rating of “Buy” and an average target price of $193.76.

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Simon Property Group, Inc. (SPG) traded up 0.14% during midday trading on Wednesday, reaching $159.96. 293,461 shares of the company’s stock traded hands. The firm’s 50-day moving average is $159.49 and its 200 day moving average is $162.53. Simon Property Group, Inc. has a 52-week low of $150.15 and a 52-week high of $215.56. The firm has a market cap of $49.72 billion, a PE ratio of 28.51 and a beta of 0.58.

Simon Property Group (NYSE:SPG) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.03. Simon Property Group had a net margin of 32.07% and a return on equity of 39.29%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the previous year, the company earned $2.63 earnings per share. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities research analysts expect that Simon Property Group, Inc. will post $6.35 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Thursday, August 17th were issued a dividend of $1.80 per share. This is a boost from Simon Property Group’s previous quarterly dividend of $1.75. This represents a $7.20 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend was Tuesday, August 15th. Simon Property Group’s dividend payout ratio is currently 127.89%.

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.

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

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