Simon Property Group Inc (NYSE:SPG) Shares Acquired by Two Sigma Advisers LP

Two Sigma Advisers LP boosted its position in Simon Property Group Inc (NYSE:SPG) by 34.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,304,908 shares of the real estate investment trust’s stock after acquiring an additional 587,000 shares during the quarter. Two Sigma Advisers LP owned 0.72% of Simon Property Group worth $157,610,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of SPG. Parkside Financial Bank & Trust raised its holdings in Simon Property Group by 211.0% in the second quarter. Parkside Financial Bank & Trust now owns 423 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 287 shares in the last quarter. Howe & Rusling Inc. acquired a new stake in Simon Property Group during the first quarter worth approximately $30,000. Demars Financial Group LLC acquired a new stake in Simon Property Group during the second quarter worth approximately $30,000. Private Capital Group LLC raised its holdings in Simon Property Group by 273.2% during the first quarter. Private Capital Group LLC now owns 571 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 418 shares in the last quarter. Finally, D Orazio & Associates Inc. raised its holdings in Simon Property Group by 474.7% during the second quarter. D Orazio & Associates Inc. now owns 500 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 413 shares in the last quarter. 84.72% of the stock is currently owned by hedge funds and other institutional investors.

SPG has been the topic of a number of research analyst reports. Stifel Nicolaus raised their price objective on shares of Simon Property Group from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Tuesday, June 30th. Compass Point assumed coverage on shares of Simon Property Group in a research report on Thursday, June 4th. They set a “buy” rating and a $120.00 target price on the stock. ValuEngine lowered shares of Simon Property Group from a “sell” rating to a “strong sell” rating in a research report on Monday, August 3rd. TheStreet lowered shares of Simon Property Group from a “c” rating to a “d+” rating in a research report on Monday, August 10th. Finally, Goldman Sachs Group assumed coverage on shares of Simon Property Group in a research report on Wednesday, July 1st. They set a “buy” rating and a $94.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $91.88.

Shares of NYSE:SPG traded up $3.05 during midday trading on Wednesday, hitting $74.12. 8,868,206 shares of the stock were exchanged, compared to its average volume of 6,339,907. The stock has a market cap of $23.76 billion, a P/E ratio of 13.03, a PEG ratio of 1.29 and a beta of 1.33. The company has a current ratio of 3.91, a quick ratio of 3.91 and a debt-to-equity ratio of 11.89. Simon Property Group Inc has a twelve month low of $42.25 and a twelve month high of $158.40. The company has a 50 day moving average price of $66.25 and a 200-day moving average price of $67.37.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results on Monday, August 10th. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.15). The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.13 billion. Simon Property Group had a return on equity of 65.60% and a net margin of 32.88%. The company’s quarterly revenue was down 24.0% compared to the same quarter last year. During the same period last year, the firm earned $1.60 EPS. On average, equities research analysts expect that Simon Property Group Inc will post 9.96 earnings per share for the current year.

Simon Property Group 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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