Economy

Cedar Capital LLC Reduces Position in Simon Property Group, Inc. (NYSE:SPG)

Cedar Capital LLC Reduces Position in Simon Property Group, Inc. (NYSE:SPG)”

Stevens Capital Management LP lessened its stake in Simon Property Group, Inc.

Average Revenue Estimate of the company for the current Fiscal Quarter is $804.62 Million, according to consensus of 13 analysts. The fund owned 51,513 shares of the real estate investment trust's stock after selling 900 shares during the period. Voya Management Ltd Llc reported 0.07% of its portfolio in Simon Property Group Inc (NYSE:SPG). Simon Property Group, Inc. has a quick ratio of *tba measuring its ability to meet its short term obligations with its most liquid assets.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business.

Simon Property Group Inc.'s insider ownership stands at 0.69 percent, while its insider transaction is 0 percent. Mirae Asset Global Investments Com Limited owns 0.02% invested in Simon Property Group Inc (NYSE:SPG) for 5,864 shares. Whitnell & Co. now owns 5,363 shares of the real estate investment trust's stock worth $868,000 after purchasing an additional 21 shares during the last quarter. Raymond James Svcs Advisors Inc has invested 0.02% in Simon Property Group Inc (NYSE:SPG). BT Investment Management Ltd raised its stake in Simon Property Group by 2.8% during the third quarter. Principal Financial Group Inc. now owns 6,112,741 shares of the real estate investment trust's stock valued at $988,797,000 after acquiring an additional 542,743 shares during the last quarter. About shares traded. Simon Property Group Inc (NYSE:SPG) has declined 18.56% since November 22, 2016 and is downtrending.

Bruni J V & Company increased Simon Ppty Group Inc New (SPG) stake by 3.38% reported in 2017Q2 SEC filing. (NYSE:FR) to report earnings on February, 28. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of worldwide trademark & copyright laws. The original version of this piece of content can be accessed at https://www.truebluetribune.com/2017/11/21/simon-property-group-inc-spg-shares-sold-by-cedar-capital-llc.html. Argus lowered their target price on Simon Property Group from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Tuesday, August 22nd. As of December 31, 2016, the Company's in-service portfolio consisted of 215 light industrial properties, 53 research and development (R&D)/flex properties, 167 bulk warehouse properties and 100 regional warehouse properties containing an aggregate of approximately 62.2 million square feet of gross leasable area (GLA) located in 23 states.

According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 1.6 out of the scale from 1 to 5 where 1 stands for Strong Buy and 5 means Strong Sell.

Deutsche Bank bumped up the target price of Simon Property Group (NYSE:SPG) to $191.00 indicating a possible upside of 0.22%. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company's stock. H.C. Wainwright initiated the stock with "Buy" rating in Thursday, October 29 report.

Simon Property Group, Inc. has a 52-week low of $150.15 and a 52-week high of $188.10. (NYSE:SPG) traded up $0.14 during mid-day trading on Tuesday, reaching $159.15. The company's market cap is $50.22 Billion. Principal Financial Group Inc. boosted its holdings in Simon Property Group by 9.7% in the second quarter.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results on Friday, October 27th. According to the Analysts, the Low Earnings estimate for the current quarter is $3.09, while the High earnings estimate is $3.16.Comparatively, EPS for the same quarter past year was $3.17. Simon Property Group had a net margin of 31.96% and a return on equity of 41.85%. (SPG), Week Volatility is 1.82%, whereas Month Volatility is at 2.27%. The business's revenue for the quarter was up 3.4% on a year-over-year basis. research analysts anticipate that Simon Property Group, Inc. will post 11.2 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be given a $1.85 dividend. Simon Property Group's dividend payout ratio is presently 130.74%. The firm has "Hold" rating by RBC Capital Markets given on Wednesday, November 1. This represents a $7.40 dividend on an annualized basis and a dividend yield of 4.65%.

Shares of Simon Property Group, Inc.

Simon Property Group, Inc.'s ROI is valued at 9.80% relatively measuring the profitability on the investment.



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