Baader Bank Aktiengesellschaft Cuts Position in Simon Property Group, Inc. (NYSE:SPG)

Baader Bank Aktiengesellschaft lowered its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 20.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,465 shares of the real estate investment trust’s stock after selling 371 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Simon Property Group were worth $252,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

SPG has been the subject of a number of research reports. Jefferies Financial Group upgraded shares of Simon Property Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from $179.00 to $198.00 in a research report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft started coverage on Simon Property Group in a report on Tuesday, December 17th. They set a “hold” rating and a $195.00 target price on the stock. StockNews.com cut Simon Property Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, Mizuho upped their target price on shares of Simon Property Group from $158.00 to $182.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $172.10.

Insider Buying and Selling

In other news, Director Reuben S. Leibowitz purchased 465 shares of the company’s stock in a transaction on Monday, December 30th. The stock was bought at an average cost of $168.59 per share, for a total transaction 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 document filed with the SEC, which is available at this hyperlink. Corporate insiders own 8.50% of the company’s stock.

Simon Property Group Stock Up 1.2 %

SPG opened at $175.69 on Friday. Simon Property Group, Inc. has a 12 month low of $135.15 and a 12 month high of $186.00. The business has a 50-day moving average of $176.35 and a two-hundred day moving average of $169.34. The company has a debt-to-equity ratio of 8.20, a current ratio of 2.00 and a quick ratio of 2.00. The stock has a market capitalization of $57.32 billion, a price-to-earnings ratio of 23.39, a price-to-earnings-growth ratio of 9.30 and a beta of 1.75.

Simon Property Group (NYSE:SPG) last released its earnings results on Friday, November 1st. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.00 by ($1.54). The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Simon Property Group had a net margin of 43.36% and a return on equity of 76.21%. Simon Property Group’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.20 earnings per share. On average, research analysts expect that Simon Property Group, Inc. will post 12.72 earnings per share for the current year.

Simon Property Group Company 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.