Green Street Investors buys $12,432,306 stake in Simon Property Group Inc (SPG)

Simon Property Group Inc (SPG) : Green Street Investors scooped up 2,900 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 25, 2016. The investment management firm now holds a total of 61,800 shares of Simon Property Group Inc which is valued at $12,432,306.Simon Property Group Inc makes up approximately 11.16% of Green Street Investors’s portfolio.

Simon Property Group Inc opened for trading at $202.78 and hit $205 on the upside on Monday, eventually ending the session at $204.52, with a gain of 1.67% or 3.35 points. The heightened volatility saw the trading volume jump to 8,73,098 shares. Company has a market cap of $64,386 M.

Other Hedge Funds, Including , Legacy Private Trust sold out all of its stake in SPG during the most recent quarter. The investment firm sold 2,283 shares of SPG which is valued $461,486.Gulf International Bank (uk) Ltd boosted its stake in SPG in the latest quarter, The investment management firm added 1,920 additional shares and now holds a total of 92,987 shares of Simon Property Group Inc which is valued at $18,796,392. Simon Property Group Inc makes up approx 0.32% of Gulf International Bank (uk) Ltd’s portfolio.New York State Teachers Retirement System boosted its stake in SPG in the latest quarter, The investment management firm added 9,300 additional shares and now holds a total of 583,992 shares of Simon Property Group Inc which is valued at $118,048,143. Simon Property Group Inc makes up approx 0.31% of New York State Teachers Retirement System’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in SPG in the latest quarter, The investment management firm added 9,599 additional shares and now holds a total of 70,991 shares of Simon Property Group Inc which is valued at $14,756,899. Simon Property Group Inc makes up approx 0.34% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’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.

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