Amundi Pioneer Asset Management Inc. Has $112.56 Million Holdings in Simon Property Group Inc (SPG)

Amundi Pioneer Asset Management Inc. raised its holdings in shares of Simon Property Group Inc (NYSE:SPG) by 26.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 729,244 shares of the real estate investment trust’s stock after purchasing an additional 150,381 shares during the period. Amundi Pioneer Asset Management Inc. owned 0.23% of Simon Property Group worth $112,560,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SPG. Oppenheimer & Co. Inc. increased its position in shares of Simon Property Group by 31.9% during the fourth quarter. Oppenheimer & Co. Inc. now owns 3,726 shares of the real estate investment trust’s stock valued at $640,000 after acquiring an additional 901 shares in the last quarter. Candriam Luxembourg S.C.A. increased its position in shares of Simon Property Group by 3.9% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 26,490 shares of the real estate investment trust’s stock valued at $4,549,000 after acquiring an additional 998 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its position in shares of Simon Property Group by 83.9% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,278 shares of the real estate investment trust’s stock valued at $219,000 after acquiring an additional 583 shares in the last quarter. Old Mutual Global Investors UK Ltd. bought a new stake in shares of Simon Property Group during the fourth quarter valued at approximately $1,047,000. Finally, Bailard Inc. bought a new stake in shares of Simon Property Group during the fourth quarter valued at approximately $255,000. 92.29% of the stock is owned by institutional investors and hedge funds.

Shares of SPG stock opened at $164.05 on Friday. Simon Property Group Inc has a 12-month low of $145.78 and a 12-month high of $173.02. The company has a debt-to-equity ratio of 5.93, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $52.89 billion, a P/E ratio of 14.63, a P/E/G ratio of 2.18 and a beta of 0.58.



Simon Property Group (NYSE:SPG) last issued its earnings results on Friday, April 27th. The real estate investment trust reported $2.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.83 by $0.04. Simon Property Group had a net margin of 37.36% and a return on equity of 50.24%. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the company posted $1.53 earnings per share. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. equities analysts predict that Simon Property Group Inc will post 12.03 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, May 31st. Investors of record on Thursday, May 17th were issued a $1.94 dividend. This represents a $7.76 annualized dividend and a yield of 4.73%. The ex-dividend date was Wednesday, May 16th. Simon Property Group’s dividend payout ratio is currently 69.58%.

Several equities research analysts recently weighed in on SPG shares. Barclays reduced their price target on shares of Simon Property Group from $190.00 to $188.00 and set an “overweight” rating for the company in a research report on Monday, February 26th. Zacks Investment Research raised shares of Simon Property Group from a “sell” rating to a “hold” rating in a research report on Tuesday, March 20th. JPMorgan Chase & Co. downgraded shares of Simon Property Group from an “overweight” rating to a “neutral” rating in a research report on Tuesday, March 27th. Boenning Scattergood reissued a “buy” rating and set a $240.00 price target on shares of Simon Property Group in a research report on Monday, April 30th. Finally, Wells Fargo & Co 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $186.46.

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.

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

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