Mercer Global Advisors Inc. ADV Purchases 1,412 Shares of Simon Property Group, Inc. (NYSE:SPG)

Mercer Global Advisors Inc. ADV raised its position in shares of Simon Property Group, Inc. (NYSE:SPGGet Rating) by 5.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,509 shares of the real estate investment trust’s stock after purchasing an additional 1,412 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Simon Property Group were worth $4,395,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SPG. Morgan Stanley grew its holdings in Simon Property Group by 56.6% during the second quarter. Morgan Stanley now owns 4,402,869 shares of the real estate investment trust’s stock valued at $574,486,000 after purchasing an additional 1,590,556 shares during the period. Bank of America Corp DE grew its holdings in Simon Property Group by 11.0% during the second quarter. Bank of America Corp DE now owns 1,215,809 shares of the real estate investment trust’s stock valued at $158,639,000 after purchasing an additional 120,432 shares during the period. WINTON GROUP Ltd grew its holdings in Simon Property Group by 155.7% during the third quarter. WINTON GROUP Ltd now owns 5,281 shares of the real estate investment trust’s stock valued at $686,000 after purchasing an additional 3,216 shares during the period. Illinois Municipal Retirement Fund bought a new position in Simon Property Group during the third quarter valued at $526,000. Finally, Signaturefd LLC boosted its holdings in shares of Simon Property Group by 21.4% in the third quarter. Signaturefd LLC now owns 4,006 shares of the real estate investment trust’s stock worth $521,000 after acquiring an additional 706 shares during the period. 86.62% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on SPG shares. Morgan Stanley cut their price target on Simon Property Group from $180.00 to $160.00 and set an “overweight” rating for the company in a report on Monday, March 7th. Mizuho cut their price target on Simon Property Group from $162.00 to $158.00 and set a “neutral” rating for the company in a report on Tuesday, February 8th. Wells Fargo & Company cut their price target on Simon Property Group from $152.00 to $140.00 and set an “equal weight” rating for the company in a report on Thursday, April 7th. StockNews.com started coverage on Simon Property Group in a report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Simon Property Group from $190.00 to $173.00 and set a “buy” rating for the company in a report on Thursday, March 31st. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $162.25.

NYSE SPG traded up $3.06 during trading hours on Tuesday, reaching $130.95. 27,308 shares of the stock traded hands, compared to its average volume of 2,151,966. The stock has a 50 day simple moving average of $133.69 and a two-hundred day simple moving average of $146.13. Simon Property Group, Inc. has a 1 year low of $112.61 and a 1 year high of $171.12. The company has a debt-to-equity ratio of 6.64, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $43.03 billion, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 2.46 and a beta of 1.49.

Simon Property Group (NYSE:SPGGet Rating) last released its quarterly earnings results on Sunday, February 6th. The real estate investment trust reported $1.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.09. Simon Property Group had a return on equity of 58.02% and a net margin of 43.97%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the business posted $2.17 earnings per share. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, sell-side analysts forecast that Simon Property Group, Inc. will post 11.73 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Thursday, March 10th were given a dividend of $1.65 per share. This represents a $6.60 dividend on an annualized basis and a yield of 5.04%. Simon Property Group’s payout ratio is 96.49%.

About Simon Property Group (Get Rating)

Simon is a real estate investment trust engaged 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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