Simon Property Group Inc. (SPG) — Hot Trending Stock

Paterniano Del Favero
Agosto 4, 2017

The fund owned 1,347 shares of the real estate investment trust's stock at the end of the second quarter. Stifel Nicolaus maintained Simon Property Group Inc (NYSE:SPG) rating on Friday, July 14.

A number of other equities analysts have also recently commented on SPG.

05/30/2017 - Simon Property Group, Inc. was upgraded to " by analysts at Mizuho. Farmers & Merchants Investments Inc. now owns 643 shares of the real estate investment trust's stock worth $111,000 after buying an additional 50 shares during the last quarter. Lederer & Associates Investment Counsel CA increased its stake in shares of Simon Property Group by 1.0% in the first quarter. Lincluden Management Ltd. now owns 33,595 shares of the real estate investment trust's stock worth $5,969,000 after buying an additional 10,265 shares in the last quarter. Whalerock Point Partners LLC now owns 1,650 shares of the real estate investment trust's stock valued at $293,000 after buying an additional 131 shares in the last quarter. Guardian Life Insurance Co. of America increased its stake in shares of Simon Property Group by 2.6% in the first quarter. APG Asset Management US Inc. now owns 7,258,540 shares of the real estate investment trust's stock valued at $1,174,141,000 after buying an additional 498,800 shares in the last quarter. Finally, IHT Wealth Management LLC increased its stake in shares of Simon Property Group by 5.3% in the first quarter. Hedge funds and other institutional investors own 95.44% of the company's stock.

Shares of Simon Property Group, Inc. SPG is now reaches at $163.13 after 0.96 million shares traded at hands. 987,006 shares of the company were exchanged. Simon Property Group has a 52 week low of $150.15 and a 52 week high of $223.07.

Simon Property Group, Inc. has a 50 day moving average of 160.11 and a 200 day moving average of 168.14. The company's market cap is $53.24 Billion, and the average volume is 1.99 Million.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.03. During the same period in the prior year, the firm posted $2.63 EPS. The company's revenue for the quarter was up 3.5% on a year-over-year basis. Equities analysts anticipate that Simon Property Group, Inc. will post $6.28 earnings per share for the current year.

More notable recent Kroger Co (NYSE:KR) news were published by: Bizjournals.com which released: "This grocery chain is most loved in United States, survey says" on July 17, 2017, also Bizjournals.com with their article: "Kroger unit could face $10M in damages from fingerprint scan lawsuits" published on August 01, 2017, Bizjournals.com published: "Kroger price cuts hammer milk company's outlook" on July 31, 2017. Shareholders of record on Thursday, August 17th will be given a dividend of $1.80 per share. The ex-dividend date of this dividend is Tuesday, August 15th. Norway Savings Bank increased its position in shares of Simon Property Group by 75.3% in the first quarter. Simon Property Group's dividend payout ratio (DPR) is presently 124.33%. "(SPG)" was published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of USA & global copyright & trademark laws. The original version of this story can be read at https://www.baseball-news-blog.com/2017/08/03/ipswich-investment-management-co-inc-has-218000-stake-in-simon-property-group-inc-spg-updated.html. (SPG) stake by 6.61% reported in 2016Q4 SEC filing. Deutsche Bank AG increased their price target on Simon Property Group from $188.00 to $191.00 and gave the company a "hold" rating in a report on Monday, May 22nd.

04/03/2017 - Simon Property Group, Inc. had its " rating reiterated by analysts at BTIG Research. Vetr upgraded Simon Property Group from a "buy" rating to a "strong-buy" rating and set a $186.15 target price for the company in a research note on Wednesday, April 26th.

Simon Property Group, Inc. had its " rating reiterated by analysts at CFRA Research. Finally, Royal Bank Of Canada reiterated a "hold" rating and set a $182.00 target price on shares of Simon Property Group in a research report on Thursday, May 18th.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. The Return on Investment (ROI) ratio of Simon Property Group Inc.

Spectrum Mngmt has 0.67% invested in Simon Property Group Inc (NYSE:SPG). The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. (Operating Partnership), is the Company's partnership subsidiary that owns all of its real estate properties and other assets.

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