First American Trust Fsb buys $4 Million stake in Simon Property Group Inc (SPG)

Simon Property Group Inc (SPG) : First American Trust Fsb scooped up 10,296 additional shares in Simon Property Group Inc during the most recent quarter end , according to a recent disclosure to the SEC on Apr 5, 2016. The investment management firm now holds a total of 19,153 shares of Simon Property Group Inc which is valued at $4 Million.Simon Property Group Inc makes up approximately 1.40% of First American Trust Fsb’s portfolio.

Other Hedge Funds, Including , West Oak Capital reduced its stake in SPG by selling 35 shares or 2.66% in the most recent quarter. The Hedge Fund company now holds 1,280 shares of SPG which is valued at $264,550. Simon Property Group Inc makes up approx 0.21% of West Oak Capital’s portfolio.

On the company’s financial health, Simon Property Group Inc reported $2.40 EPS for the quarter, based on the information available during the earnings call on Jan 29, 2016. Analyst had a consensus estimate of $2.40. The company had revenue of $1381.00 million for the quarter, compared to analysts expectations of $1399.40 million. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.47 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 closed down -0.42 points or -0.20% at $206.68 with 9,43,091 shares getting traded on Monday. Post opening the session at $207.99, the shares hit an intraday low of $206.62 and an intraday high of $208.17 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

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