First American Trust Fsb Lowers stake in Simon Property Group Inc (SPG)

Simon Property Group Inc (SPG) : First American Trust Fsb reduced its stake in Simon Property Group Inc by 4.59% during the most recent quarter end. The investment management company now holds a total of 18,273 shares of Simon Property Group Inc which is valued at $4,012,020 after selling 880 shares in Simon Property Group Inc , the firm said in a disclosure report filed with the SEC on Jul 6, 2016.Simon Property Group Inc makes up approximately 1.40% of First American Trust Fsb’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in SPG by selling 49,477 shares or 42.32% in the most recent quarter. The Hedge Fund company now holds 67,448 shares of SPG which is valued at $14,808,883. Simon Property Group Inc makes up approx 0.07% of Bnp Paribas Arbitrage Sa’s portfolio.Cullinan Associates Inc reduced its stake in SPG by selling 400 shares or 1.34% in the most recent quarter. The Hedge Fund company now holds 29,442 shares of SPG which is valued at $6,393,036. Simon Property Group Inc makes up approx 0.52% of Cullinan Associates Inc’s portfolio.

Simon Property Group Inc opened for trading at $219.8 and hit $222.25 on the upside on Monday, eventually ending the session at $221.74, with a gain of 0.99% or 2.18 points. The heightened volatility saw the trading volume jump to 9,98,208 shares. Company has a market cap of $68,610 M.

On the company’s financial health, Simon Property Group Inc reported $2.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 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.

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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