GSA Capital Partners LLP Increases Stock Position in Simon Property Group Inc (NYSE:SPG)

GSA Capital Partners LLP raised its position in shares of Simon Property Group Inc (NYSE:SPG) by 14.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,446 shares of the real estate investment trust’s stock after buying an additional 1,046 shares during the period. GSA Capital Partners LLP’s holdings in Simon Property Group were worth $1,349,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SPG. Geode Capital Management LLC boosted its position in Simon Property Group by 12.1% during the 4th quarter. Geode Capital Management LLC now owns 4,712,315 shares of the real estate investment trust’s stock valued at $790,441,000 after buying an additional 507,345 shares during the period. Athena Capital Advisors LLC boosted its position in Simon Property Group by 173,950.8% during the 1st quarter. Athena Capital Advisors LLC now owns 410,760 shares of the real estate investment trust’s stock valued at $63,401,000 after buying an additional 410,524 shares during the period. Janus Henderson Group PLC boosted its position in Simon Property Group by 65.5% during the 1st quarter. Janus Henderson Group PLC now owns 765,102 shares of the real estate investment trust’s stock valued at $139,410,000 after buying an additional 302,677 shares during the period. California Public Employees Retirement System boosted its position in Simon Property Group by 15.4% during the 1st quarter. California Public Employees Retirement System now owns 1,679,538 shares of the real estate investment trust’s stock valued at $306,029,000 after buying an additional 224,701 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in Simon Property Group by 18.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 1,050,791 shares of the real estate investment trust’s stock valued at $167,874,000 after buying an additional 164,694 shares during the period. 93.79% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:SPG traded down $2.67 on Friday, hitting $146.03. The company had a trading volume of 1,464,673 shares, compared to its average volume of 1,688,004. The firm’s 50-day simple moving average is $156.88 and its two-hundred day simple moving average is $170.38. Simon Property Group Inc has a 1 year low of $145.50 and a 1 year high of $191.49. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 7.02. The firm has a market capitalization of $45.80 billion, a price-to-earnings ratio of 12.04, a P/E/G ratio of 2.71 and a beta of 0.52.

Simon Property Group (NYSE:SPG) last posted its earnings results on Wednesday, July 31st. The real estate investment trust reported $2.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.98 by $0.01. Simon Property Group had a net margin of 40.48% and a return on equity of 63.49%. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the company posted $2.98 EPS. The company’s quarterly revenue was up .7% compared to the same quarter last year. Equities research analysts anticipate that Simon Property Group Inc will post 12.37 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be given a $2.10 dividend. This represents a $8.40 annualized dividend and a dividend yield of 5.75%. This is a boost from Simon Property Group’s previous quarterly dividend of $2.05. The ex-dividend date is Thursday, August 15th. Simon Property Group’s dividend payout ratio (DPR) is currently 69.25%.

Several equities research analysts have weighed in on SPG shares. Citigroup dropped their price target on shares of Simon Property Group from $192.00 to $185.00 and set a “buy” rating for the company in a research report on Friday, June 28th. ValuEngine cut shares of Simon Property Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Morgan Stanley dropped their price target on shares of Simon Property Group from $180.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, June 20th. JPMorgan Chase & Co. dropped their price target on shares of Simon Property Group from $198.00 to $193.00 and set an “overweight” rating for the company in a research report on Monday, June 3rd. Finally, Deutsche Bank dropped their target price on shares of Simon Property Group from $191.00 to $188.00 and set a “hold” rating for the company in a research report on Tuesday, June 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. Simon Property Group presently has an average rating of “Hold” and an average price target of $188.85.

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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