Large Outflow of Money Witnessed in Simon Property Group

Simon Property Group (NYSE:SPG) traded higher in the last at $201.73, gaining 1.47 points or 0.73%. From the data available, it can be said that the stock did not make an impact in the money flow department with the net figure coming to be $(-7.42) million. The composite uptick value of $39.07 million was eclipsed by the accrued downtick value of $46.5 million, thereby ensuring the up/down ratio of 0.84. For the week, the shares have posted returns of 1.12%.A block trade registered during the day has revealed $2.36 million in upticks and $13.26 million in downticks. The up/down ratio in this case turned out to be 0.18. The net money flow for the block trade was $(-10.9) million.


Currently the company Insiders own 8.5% of Simon Property Group shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -31.19% . Institutional Investors own 95.83% of Simon Property Group shares. During last six month period, the net percent change held by insiders has seen a change of -31.19%. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Simon Property Group Inc /De/, Hubbard Allan B, had purchased 136 shares in a transaction dated on April 28, 2016. The transaction was executed at $204.92 per share with total amount equaling $27,869.

Simon Property Group (NYSE:SPG) : On Monday heightened volatility was witnessed in Simon Property Group (NYSE:SPG) which led to swings in the share price. The stock opened for trading at $200.82 and hit $202.53 on the upside , eventually ending the session at $201.73, with a gain of 0.73% or 1.47 points. The heightened volatility saw the trading volume jump to 999,155 shares. The 52-week high of the share price is $214.8 and the company has a market cap of $62,419 million. The 52-week low of the share price is at $170.99 .

Many analysts have stated their opinion on the company shares. Mizuho Securities initiates coverage on Simon Property Group (NYSE:SPG). The shares have now been rated Buy by the stock experts at the ratings house. Mizuho Securities announces the current price target of $233 per share on Simon Property Group . The rating by the firm was issued on April 13, 2016.

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 Companys 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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