Aperio Group LLC Lowers Holdings in Simon Property Group (SPG)

Aperio Group LLC decreased its stake in Simon Property Group (NYSE:SPG) by 16.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 123,410 shares of the real estate investment trust’s stock after selling 24,972 shares during the period. Aperio Group LLC’s holdings in Simon Property Group were worth $19,048,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. RFG Advisory Group LLC bought a new stake in shares of Simon Property Group in the fourth quarter valued at approximately $200,000. Partnervest Advisory Services LLC bought a new stake in shares of Simon Property Group in the fourth quarter valued at approximately $204,000. Murphy Capital Management Inc. bought a new stake in shares of Simon Property Group in the fourth quarter valued at approximately $206,000. Advisory Services Network LLC raised its position in shares of Simon Property Group by 822.4% in the fourth quarter. Advisory Services Network LLC now owns 1,236 shares of the real estate investment trust’s stock valued at $212,000 after purchasing an additional 1,102 shares during the period. Finally, Greenleaf Trust bought a new stake in shares of Simon Property Group in the first quarter valued at approximately $212,000. 95.36% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently issued reports on SPG. ValuEngine lowered shares of Simon Property Group from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Wells Fargo reissued an “outperform” rating and issued a $175.00 price target (down previously from $185.00) on shares of Simon Property Group in a research report on Tuesday, May 1st. Boenning Scattergood reissued a “buy” rating and issued a $240.00 price target on shares of Simon Property Group in a research report on Monday, April 30th. JPMorgan Chase lowered shares of Simon Property Group from an “overweight” rating to a “neutral” rating in a research report on Tuesday, March 27th. Finally, Zacks Investment Research raised shares of Simon Property Group from a “sell” rating to a “hold” rating in a research report on Tuesday, March 20th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. Simon Property Group has a consensus rating of “Hold” and a consensus price target of $184.87.

Shares of Simon Property Group opened at $153.68 on Friday, Marketbeat reports. The company has a market cap of $49.54 billion, a P/E ratio of 13.71, a PEG ratio of 2.09 and a beta of 0.55. Simon Property Group has a 12 month low of $153.66 and a 12 month high of $155.57. The company has a debt-to-equity ratio of 5.93, a current ratio of 0.89 and a quick ratio of 0.89.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Friday, April 27th. The real estate investment trust reported $2.87 EPS for the quarter, beating the consensus estimate of $2.83 by $0.04. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Simon Property Group had a net margin of 37.36% and a return on equity of 50.24%. Simon Property Group’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.53 earnings per share. equities research analysts anticipate that Simon Property Group will post 12.02 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 31st. Investors of record on Thursday, May 17th will be paid a dividend of $1.94 per share. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $7.76 annualized dividend and a yield of 5.05%. Simon Property Group’s dividend payout ratio is currently 69.58%.

About Simon Property Group

Simon is a global leader in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.

Institutional Ownership by Quarter for Simon Property Group (NYSE:SPG)

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