Schwab Charles Investment Management Inc. Has $493.64 Million Position in Simon Property Group (NYSE:SPG)

Schwab Charles Investment Management Inc. raised its holdings in shares of Simon Property Group (NYSE:SPG) by 6.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,198,197 shares of the real estate investment trust’s stock after purchasing an additional 198,805 shares during the quarter. Schwab Charles Investment Management Inc. owned 1.00% of Simon Property Group worth $493,642,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. APG Asset Management US Inc. increased its position in Simon Property Group by 0.3% during the 4th quarter. APG Asset Management US Inc. now owns 7,517,948 shares of the real estate investment trust’s stock valued at $1,291,132,000 after purchasing an additional 24,208 shares during the period. Geode Capital Management LLC lifted its stake in Simon Property Group by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 3,563,293 shares of the real estate investment trust’s stock valued at $610,753,000 after acquiring an additional 126,941 shares during the period. Brookfield Asset Management Inc. lifted its stake in Simon Property Group by 14.3% during the 4th quarter. Brookfield Asset Management Inc. now owns 3,443,805 shares of the real estate investment trust’s stock valued at $591,439,000 after acquiring an additional 432,000 shares during the period. UBS Asset Management Americas Inc. lifted its stake in Simon Property Group by 5.5% during the 4th quarter. UBS Asset Management Americas Inc. now owns 2,567,168 shares of the real estate investment trust’s stock valued at $440,885,000 after acquiring an additional 134,563 shares during the period. Finally, Resolution Capital Ltd increased its holdings in shares of Simon Property Group by 10.6% during the 4th quarter. Resolution Capital Ltd now owns 1,868,352 shares of the real estate investment trust’s stock valued at $320,871,000 after purchasing an additional 178,938 shares in the last quarter. Institutional investors and hedge funds own 95.36% of the company’s stock.

Simon Property Group traded down $0.06, hitting $153.62, during trading hours on Friday, MarketBeat.com reports. The company’s stock had a trading volume of 28,938 shares, compared to its average volume of 1,838,847. Simon Property Group has a 52-week low of $153.66 and a 52-week high of $155.57. The stock has a market capitalization of $49.43 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 2.09 and a beta of 0.55. The company has a debt-to-equity ratio of 5.93, a quick ratio of 0.89 and a current ratio of 0.89.



Simon Property Group (NYSE:SPG) last announced its quarterly earnings results on Friday, April 27th. The real estate investment trust reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.04. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Simon Property Group had a return on equity of 50.24% and a net margin of 37.36%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the business posted $1.53 earnings per share. analysts predict that Simon Property Group will post 12.02 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 31st. Shareholders of record on Thursday, May 17th will be paid a $1.94 dividend. This represents a $7.76 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date of this dividend is Wednesday, May 16th. Simon Property Group’s payout ratio is 69.58%.

Several research firms have recently weighed in on SPG. ValuEngine lowered shares of Simon Property Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Boenning Scattergood reaffirmed a “buy” rating and set a $240.00 target price on shares of Simon Property Group in a research note on Thursday, February 1st. Barclays reaffirmed a “buy” rating and set a $190.00 target price on shares of Simon Property Group in a research note on Wednesday, January 31st. Wells Fargo reissued an “outperform” rating and set a $175.00 price target (down previously from $185.00) on shares of Simon Property Group in a research report on Tuesday, May 1st. Finally, Zacks Investment Research raised shares of Simon Property Group from a “sell” rating to a “hold” rating in a research report on Friday, January 19th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $184.87.

Simon Property Group Company 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.

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

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