Simon Property Group Inc (SPG) : Sanders Morris Harris reduced its stake in Simon Property Group Inc by 1.32% during the most recent quarter end. The investment management company now holds a total of 20,297 shares of Simon Property Group Inc which is valued at $4,499,845 after selling 272 shares in Simon Property Group Inc , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.Simon Property Group Inc makes up approximately 1.14% of Sanders Morris Harris’s portfolio.
Other Hedge Funds, Including , Huntington National Bank boosted its stake in SPG in the latest quarter, The investment management firm added 14,896 additional shares and now holds a total of 65,620 shares of Simon Property Group Inc which is valued at $14,547,954. Simon Property Group Inc makes up approx 0.35% of Huntington National Bank’s portfolio.Nikko Asset Management Americas reduced its stake in SPG by selling 1,200 shares or 42.86% in the most recent quarter. The Hedge Fund company now holds 1,600 shares of SPG which is valued at $357,184. Simon Property Group Inc makes up approx 0.03% of Nikko Asset Management Americas’s portfolio.
Simon Property Group Inc opened for trading at $223.93 and hit $229.1 on the upside on Friday, eventually ending the session at $227.04, with a gain of 1.33% or 2.97 points. The heightened volatility saw the trading volume jump to 12,60,546 shares. Company has a market cap of $70,250 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.