Swedbank AB Has $22.21 Million Stock Holdings in Simon Property Group, Inc. (NYSE:SPG)

Swedbank AB trimmed its holdings in Simon Property Group, Inc. (NYSE:SPG) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 128,987 shares of the real estate investment trust’s stock after selling 3,083 shares during the period. Swedbank AB’s holdings in Simon Property Group were worth $22,213,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SPG. Capital Performance Advisors LLP purchased a new stake in shares of Simon Property Group in the third quarter valued at about $30,000. Trivant Custom Portfolio Group LLC purchased a new stake in Simon Property Group in the 3rd quarter valued at about $42,000. Eastern Bank bought a new position in shares of Simon Property Group during the 3rd quarter worth approximately $42,000. Ashton Thomas Securities LLC purchased a new position in shares of Simon Property Group in the 3rd quarter worth approximately $52,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Simon Property Group by 107.5% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 413 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 214 shares in the last quarter. 93.01% of the stock is owned by institutional investors.

Insider Transactions at Simon Property Group

In other Simon Property Group news, Director Reuben S. Leibowitz purchased 465 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was bought at an average price of $168.59 per share, with a total value of $78,394.35. Following the completion of the purchase, the director now directly owns 55,919 shares of the company’s stock, valued at $9,427,384.21. The trade was a 0.84 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 8.50% of the stock is currently owned by company insiders.

Simon Property Group Stock Up 1.2 %

Shares of NYSE:SPG opened at $175.69 on Friday. The company has a debt-to-equity ratio of 8.20, a quick ratio of 2.00 and a current ratio of 2.00. The firm has a market capitalization of $57.32 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 9.26 and a beta of 1.75. The firm has a fifty day moving average of $176.35 and a 200 day moving average of $169.34. Simon Property Group, Inc. has a 52-week low of $135.15 and a 52-week high of $186.00.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Friday, November 1st. The real estate investment trust reported $1.46 earnings per share for the quarter, missing the consensus estimate of $3.00 by ($1.54). The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.32 billion. Simon Property Group had a return on equity of 76.21% and a net margin of 43.36%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $3.20 earnings per share. As a group, research analysts anticipate that Simon Property Group, Inc. will post 12.72 EPS for the current fiscal year.

Analysts Set New Price Targets

SPG has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Simon Property Group in a research note on Tuesday, December 17th. They issued a “hold” rating and a $195.00 price objective for the company. StockNews.com lowered shares of Simon Property Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. Jefferies Financial Group raised shares of Simon Property Group from a “hold” rating to a “buy” rating and increased their target price for the company from $179.00 to $198.00 in a research report on Thursday, January 2nd. Finally, Mizuho lifted their price target on shares of Simon Property Group from $158.00 to $182.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $172.10.

Simon Property Group Profile

Simon Property Group, Inc (NYSE:SPG) is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc, the Operating Partnership, and its subsidiaries.