Guggenheim Capital LLC Has $53.88 Million Position in Simon Property Group (SPG)

Guggenheim Capital LLC raised its position in Simon Property Group (NYSE:SPG) by 9.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 313,711 shares of the real estate investment trust’s stock after buying an additional 27,662 shares during the quarter. Guggenheim Capital LLC’s holdings in Simon Property Group were worth $53,878,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of SPG. Parallel Advisors LLC grew its stake in shares of Simon Property Group by 69.7% during the 3rd quarter. Parallel Advisors LLC now owns 772 shares of the real estate investment trust’s stock worth $124,000 after purchasing an additional 317 shares during the period. RFG Advisory Group LLC purchased a new position in Simon Property Group in the 4th quarter valued at about $200,000. Partnervest Advisory Services LLC purchased a new position in Simon Property Group in the 4th quarter valued at about $204,000. Murphy Capital Management Inc. purchased a new position in Simon Property Group in the 4th quarter valued at about $206,000. Finally, Advisory Services Network LLC lifted its holdings in shares of Simon Property Group by 822.4% during the 4th quarter. Advisory Services Network LLC now owns 1,236 shares of the real estate investment trust’s stock worth $212,000 after acquiring an additional 1,102 shares during the period. 94.78% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Simon Property Group stock traded down $1.45 during trading on Friday, hitting $154.10. 1,198,839 shares of the stock traded hands, compared to its average volume of 1,744,897. The firm has a market cap of $49,828.27, a price-to-earnings ratio of 13.75, a P/E/G ratio of 1.99 and a beta of 0.57. The company has a debt-to-equity ratio of 5.87, a current ratio of 1.75 and a quick ratio of 1.75. Simon Property Group has a twelve month low of $147.28 and a twelve month high of $176.17.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $3.12 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $3.12. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.45 billion. Simon Property Group had a return on equity of 44.93% and a net margin of 35.14%. The firm’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the company earned $1.26 EPS. equities research analysts predict that Simon Property Group will post 12 earnings per share for the current year.

A number of research firms recently issued reports on SPG. JPMorgan Chase downgraded shares of Simon Property Group from an “overweight” rating to a “neutral” rating in a research report on Tuesday, March 27th. Barclays reissued a “buy” rating and set a $190.00 price target on shares of Simon Property Group in a research report on Wednesday, January 31st. Zacks Investment Research upgraded Simon Property Group from a “sell” rating to a “hold” rating in a research note on Friday, January 19th. Boenning Scattergood reiterated a “buy” rating and issued a $240.00 target price on shares of Simon Property Group in a research note on Thursday, February 1st. Finally, ValuEngine lowered Simon Property Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $185.61.

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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.

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

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