First National Bank of Omaha Purchases 126 Shares of Simon Property Group Inc (NYSE:SPG)

First National Bank of Omaha raised its position in shares of Simon Property Group Inc (NYSE:SPG) by 3.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,316 shares of the real estate investment trust’s stock after acquiring an additional 126 shares during the period. First National Bank of Omaha’s holdings in Simon Property Group were worth $672,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Northern Trust Corp boosted its stake in shares of Simon Property Group by 1.1% in the second quarter. Northern Trust Corp now owns 6,008,760 shares of the real estate investment trust’s stock valued at $959,960,000 after buying an additional 64,654 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of Simon Property Group by 140.0% in the second quarter. Nuveen Asset Management LLC now owns 3,940,308 shares of the real estate investment trust’s stock valued at $629,504,000 after buying an additional 2,298,343 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Simon Property Group by 0.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,903,733 shares of the real estate investment trust’s stock valued at $623,661,000 after buying an additional 33,585 shares during the period. UBS Asset Management Americas Inc. boosted its stake in shares of Simon Property Group by 9.7% in the second quarter. UBS Asset Management Americas Inc. now owns 3,216,959 shares of the real estate investment trust’s stock valued at $513,941,000 after buying an additional 283,735 shares during the period. Finally, Cohen & Steers Inc. boosted its stake in shares of Simon Property Group by 2.8% in the second quarter. Cohen & Steers Inc. now owns 2,304,811 shares of the real estate investment trust’s stock valued at $368,217,000 after buying an additional 62,150 shares during the period. Institutional investors own 95.57% of the company’s stock.

Several equities research analysts recently issued reports on SPG shares. Citigroup cut Simon Property Group from a “buy” rating to a “neutral” rating and cut their price target for the company from $187.00 to $170.00 in a research note on Monday, September 23rd. Raymond James reiterated an “outperform” rating on shares of Simon Property Group in a research note on Tuesday. Barclays set a $218.00 price target on Simon Property Group and gave the company a “buy” rating in a research note on Friday, October 11th. ValuEngine upgraded Simon Property Group from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Finally, Morgan Stanley cut their price target on Simon Property Group from $170.00 to $157.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 3rd. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $187.10.

Shares of SPG opened at $154.49 on Friday. Simon Property Group Inc has a one year low of $145.28 and a one year high of $191.49. The company has a market cap of $48.18 billion, a P/E ratio of 12.74, a P/E/G ratio of 2.94 and a beta of 0.52. The company has a debt-to-equity ratio of 8.77, a current ratio of 3.34 and a quick ratio of 0.99. The firm has a 50 day simple moving average of $152.39 and a two-hundred day simple moving average of $159.51.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $1.77 EPS for the quarter, missing the consensus estimate of $3.05 by ($1.28). Simon Property Group had a net margin of 40.23% and a return on equity of 66.93%. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the firm earned $3.05 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. On average, analysts expect that Simon Property Group Inc will post 12.1 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $2.10 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $8.40 annualized dividend and a yield of 5.44%. Simon Property Group’s dividend payout ratio is currently 69.25%.

Simon Property Group Company Profile

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.

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

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