Simon Property Group Inc (SPG) : Transamerica Financial Advisors scooped up 4,932 additional shares in Simon Property Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 12,418 shares of Simon Property Group Inc which is valued at $2,510,175.Simon Property Group Inc makes up approximately 0.21% of Transamerica Financial Advisors’s portfolio.
Simon Property Group Inc opened for trading at $204.72 and hit $205.47 on the upside on Wednesday, eventually ending the session at $204.57, with a gain of 0.30% or 0.62 points. The heightened volatility saw the trading volume jump to 14,07,945 shares. Company has a market cap of $64,402 M.
Other Hedge Funds, Including , Lincluden Management Ltd reduced its stake in SPG by selling 1,080 shares or 4.42% in the most recent quarter. The Hedge Fund company now holds 23,330 shares of SPG which is valued at $4,715,926. Simon Property Group Inc makes up approx 0.75% of Lincluden Management Ltd’s portfolio.Gateway Investment Advisers reduced its stake in SPG by selling 10,110 shares or 29.27% in the most recent quarter. The Hedge Fund company now holds 24,425 shares of SPG which is valued at $4,937,270. Simon Property Group Inc makes up approx 0.04% of Gateway Investment Advisers’s portfolio.Manning Napier Advisors reduced its stake in SPG by selling 25,408 shares or 16.96% in the most recent quarter. The Hedge Fund company now holds 124,394 shares of SPG which is valued at $25,857,781. Simon Property Group Inc makes up approx 0.16% of Manning Napier Advisors’s portfolio. Eqis Capital Management added SPG to its portfolio by purchasing 1,367 company shares during the most recent quarter which is valued at $282,532. Simon Property Group Inc makes up approx 0.02% of Eqis Capital Management’s portfolio.
On the company’s financial health, Simon Property Group Inc reported $2.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $2.54. The company had revenue of $1336.70 million for the quarter, compared to analysts expectations of $1297.81 million. The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.28 EPS.
Many Wall Street Analysts have commented on Simon Property Group Inc. Mizuho Initiated Simon Property Group Inc on Apr 14, 2016 to “Buy”, Price Target of the shares are set at $233.Company shares were Reiterated by Stifel on Mar 21, 2016 to “Buy”, Firm has raised the Price Target to $ 232 from a previous price target of $220 .Shares were Reiterated by RBC Capital Mkts on Feb 2, 2016 to “Outperform” and Lowered the Price Target to $ 215 from a previous price target of $225 .
Simon Property Group Inc. is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group L.P. (Operating Partnership) is the Company’s majority-owned partnership subsidiary that owns all of its real estate properties and other assets. The Company owns develops and manages retail real estate properties which consist primarily of malls Premium Outlets and The Mills. As of December 31 2014 the Company owned or held an interest in 207 properties in the United States which consisted of 109 malls 68 Premium Outlets 13 Mills three community centers and 14 other retail properties in 37 states and Puerto Rico. As of December 31 2014 the Company had ownership interests in nine Premium Outlets in Japan three Premium Outlets in South Korea two Premium Outlets in Canada one Premium Outlet in Mexico and one Premium Outlet in Malaysia. As of December 31 2014 the Company had non-controlling ownership interests in five outlet properties in Europe.