TIAA CREF Investment Management LLC reduced its position in Simon Property Group (NYSE:SPG) by 0.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,208,364 shares of the real estate investment trust’s stock after selling 650 shares during the period. TIAA CREF Investment Management LLC owned about 0.19% of Simon Property Group worth $207,524,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Parallel Advisors LLC lifted its stake in Simon Property Group by 69.7% in the 3rd quarter. Parallel Advisors LLC now owns 772 shares of the real estate investment trust’s stock valued at $124,000 after purchasing an additional 317 shares during the last quarter. RFG Advisory Group LLC acquired a new stake in Simon Property Group in the 4th quarter valued at about $200,000. Partnervest Advisory Services LLC acquired a new stake in Simon Property Group in the 4th quarter valued at about $204,000. Murphy Capital Management Inc. acquired a new stake in Simon Property Group in the 4th quarter valued at about $206,000. Finally, Advisory Services Network LLC lifted its stake in Simon Property Group by 822.4% in the 4th quarter. Advisory Services Network LLC now owns 1,236 shares of the real estate investment trust’s stock valued at $212,000 after purchasing an additional 1,102 shares during the last quarter. Institutional investors and hedge funds own 94.78% of the company’s stock.
Several equities research analysts recently issued reports on SPG shares. JPMorgan Chase downgraded shares of Simon Property Group from an “overweight” rating to a “neutral” rating in a research note on Tuesday, March 27th. Barclays reissued a “buy” rating and issued a $190.00 price target on shares of Simon Property Group in a report on Wednesday, January 31st. Zacks Investment Research raised shares of Simon Property Group from a “sell” rating to a “hold” rating in a report on Friday, January 19th. Boenning Scattergood reissued a “buy” rating and issued a $240.00 price target on shares of Simon Property Group in a report on Thursday, February 1st. Finally, ValuEngine cut shares of Simon Property Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. Simon Property Group presently has an average rating of “Hold” and an average price target of $185.61.
Shares of SPG opened at $154.10 on Friday. Simon Property Group has a 12 month low of $147.28 and a 12 month high of $176.17. The company has a market cap of $50,062.11, a PE ratio of 13.75, a price-to-earnings-growth ratio of 2.00 and a beta of 0.57. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 5.87.
Simon Property Group (NYSE:SPG) last announced its earnings results on Wednesday, January 31st. The real estate investment trust reported $3.12 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $3.12. Simon Property Group had a net margin of 35.14% and a return on equity of 44.93%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the firm earned $1.26 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. equities analysts predict that Simon Property Group will post 12 EPS for the current year.
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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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