San Francisco Sentry Investment Group CA Sells 600 Shares of Simon Property Group Inc (NYSE:SPG)

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San Francisco Sentry Investment Group CA decreased its stake in Simon Property Group Inc (NYSE:SPG) by 65.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 322 shares of the real estate investment trust’s stock after selling 600 shares during the period. San Francisco Sentry Investment Group CA’s holdings in Simon Property Group were worth $52,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Schroder Investment Management Group lifted its stake in Simon Property Group by 471.3% in the 2nd quarter. Schroder Investment Management Group now owns 725,791 shares of the real estate investment trust’s stock valued at $115,953,000 after purchasing an additional 598,745 shares during the last quarter. Geode Capital Management LLC lifted its position in Simon Property Group by 12.1% during the fourth quarter. Geode Capital Management LLC now owns 4,712,315 shares of the real estate investment trust’s stock worth $790,441,000 after acquiring an additional 507,345 shares during the last quarter. Athena Capital Advisors LLC lifted its position in Simon Property Group by 173,950.8% during the first quarter. Athena Capital Advisors LLC now owns 410,760 shares of the real estate investment trust’s stock worth $63,401,000 after acquiring an additional 410,524 shares during the last quarter. Janus Henderson Group PLC lifted its position in Simon Property Group by 65.5% during the first quarter. Janus Henderson Group PLC now owns 765,102 shares of the real estate investment trust’s stock worth $139,410,000 after acquiring an additional 302,677 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in Simon Property Group by 15.4% during the first quarter. California Public Employees Retirement System now owns 1,679,538 shares of the real estate investment trust’s stock worth $306,029,000 after acquiring an additional 224,701 shares during the last quarter. Institutional investors own 93.79% of the company’s stock.

A number of equities research analysts have recently weighed in on SPG shares. Morgan Stanley dropped their price target on shares of Simon Property Group from $180.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, June 20th. Citigroup dropped their price target on shares of Simon Property Group from $192.00 to $185.00 and set a “buy” rating for the company in a research report on Friday, June 28th. ValuEngine cut shares of Simon Property Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. SunTrust Banks decreased their price objective on shares of Simon Property Group from $185.00 to $160.00 and set a “hold” rating on the stock in a research note on Friday, August 23rd. Finally, Deutsche Bank decreased their target price on shares of Simon Property Group from $191.00 to $188.00 and set a “hold” rating on the stock in a research note on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $188.85.

Shares of Simon Property Group stock traded up $0.72 during trading on Friday, hitting $148.94. The company’s stock had a trading volume of 1,296,885 shares, compared to its average volume of 1,598,913. The company has a debt-to-equity ratio of 7.02, a current ratio of 0.99 and a quick ratio of 0.99. Simon Property Group Inc has a 52 week low of $145.42 and a 52 week high of $191.49. The stock has a market cap of $45.65 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 2.65 and a beta of 0.52. The stock has a 50-day moving average price of $154.60 and a two-hundred day moving average price of $169.10.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.01. Simon Property Group had a net margin of 40.48% and a return on equity of 63.49%. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the firm posted $2.98 earnings per share. Simon Property Group’s revenue for the quarter was up .7% on a year-over-year basis. On average, equities analysts predict that Simon Property Group Inc will post 12.37 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were issued a $2.10 dividend. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.05. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $8.40 annualized dividend and a yield of 5.64%. Simon Property Group’s payout ratio is presently 69.25%.

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.

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

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