Simon Property Group Inc (SPG) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC raised its holdings in shares of Simon Property Group Inc (NYSE:SPG) by 65.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 765,102 shares of the real estate investment trust’s stock after buying an additional 302,677 shares during the quarter. Janus Henderson Group PLC’s holdings in Simon Property Group were worth $139,410,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Simon Property Group by 2.5% during the fourth quarter. BlackRock Inc. now owns 31,228,680 shares of the real estate investment trust’s stock worth $5,246,108,000 after buying an additional 763,535 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Simon Property Group by 33,036.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 11,272,633 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 11,238,614 shares during the last quarter. FMR LLC lifted its holdings in shares of Simon Property Group by 19.8% during the fourth quarter. FMR LLC now owns 8,049,529 shares of the real estate investment trust’s stock worth $1,352,241,000 after buying an additional 1,331,005 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Simon Property Group by 6.3% during the fourth quarter. Northern Trust Corp now owns 5,794,517 shares of the real estate investment trust’s stock worth $973,422,000 after buying an additional 344,212 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Simon Property Group by 12.1% during the fourth quarter. Geode Capital Management LLC now owns 4,712,315 shares of the real estate investment trust’s stock worth $790,441,000 after buying an additional 507,345 shares during the last quarter. Institutional investors own 96.57% of the company’s stock.

A number of brokerages have recently commented on SPG. Wells Fargo & Co lowered Simon Property Group from an “overweight” rating to a “market weight” rating in a report on Friday, February 8th. Mizuho lowered Simon Property Group to a “hold” rating and set a $193.00 price target for the company. in a report on Tuesday, February 26th. Barclays reiterated a “buy” rating and set a $202.00 price target on shares of Simon Property Group in a report on Tuesday, April 16th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $191.00 price target on shares of Simon Property Group in a report on Friday, February 1st. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $192.14.

SPG opened at $179.41 on Friday. The company has a market cap of $55.43 billion, a PE ratio of 14.79, a PEG ratio of 2.99 and a beta of 0.54. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 6.34. Simon Property Group Inc has a 1 year low of $152.50 and a 1 year high of $191.49.

Simon Property Group (NYSE:SPG) last released its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $3.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.02. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Simon Property Group had a return on equity of 62.69% and a net margin of 41.45%. Simon Property Group’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.00 earnings per share. As a group, research analysts predict that Simon Property Group Inc will post 12.35 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date is Thursday, May 16th. Simon Property Group’s dividend payout ratio is presently 67.60%.

Simon Property Group announced that its board has initiated a share repurchase plan on Tuesday, February 12th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the real estate investment trust to purchase up to 3.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

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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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