1st Global Advisors buys $3,420,505 stake in Simon Property Group Inc (SPG)

Simon Property Group Inc (SPG) : 1st Global Advisors scooped up 286 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 Jul 21, 2016. The investment management firm now holds a total of 15,182 shares of Simon Property Group Inc which is valued at $3,420,505.Simon Property Group Inc makes up approximately 0.46% of 1st Global Advisors’s portfolio.

Other Hedge Funds, Including , Chesley Taft Associates boosted its stake in SPG in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 6,300 shares of Simon Property Group Inc which is valued at $1,419,390. Simon Property Group Inc makes up approx 0.14% of Chesley Taft Associates’s portfolio.First American Trust Fsb reduced its stake in SPG by selling 880 shares or 4.59% in the most recent quarter. The Hedge Fund company now holds 18,273 shares of SPG which is valued at $4,012,020. Simon Property Group Inc makes up approx 1.40% of First American Trust Fsb’s portfolio.

Simon Property Group Inc opened for trading at $221.81 and hit $225.749 on the upside on Thursday, eventually ending the session at $224.07, with a gain of 1.07% or 2.37 points. The heightened volatility saw the trading volume jump to 9,15,427 shares. Company has a market cap of $69,331 M.

On the company’s financial health, Simon Property Group Inc reported $2.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $2.62. The company had revenue of $1315.38 million for the quarter, compared to analysts expectations of $1347.01 million. The company’s revenue was down -2.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.41 EPS.

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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