Simon Property Group, Inc. (NYSE:SPG) Shares Sold by BDF Gestion

BDF Gestion lowered its stake in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 25.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 28,608 shares of the real estate investment trust's stock after selling 9,930 shares during the quarter. BDF Gestion's holdings in Simon Property Group were worth $4,927,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Capital Performance Advisors LLP bought a new position in Simon Property Group during the third quarter valued at $30,000. Synergy Asset Management LLC purchased a new position in shares of Simon Property Group during the 4th quarter worth about $41,000. Trivant Custom Portfolio Group LLC bought a new position in Simon Property Group during the 3rd quarter valued at about $42,000. Eastern Bank purchased a new stake in Simon Property Group in the 3rd quarter worth about $42,000. Finally, Ashton Thomas Securities LLC bought a new stake in Simon Property Group in the third quarter worth about $52,000. Hedge funds and other institutional investors own 93.01% of the company's stock.

Wall Street Analysts Forecast Growth

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

Simon Property Group Stock Down 1.2 %

NYSE SPG traded down $2.05 during trading on Friday, reaching $173.75. 1,504,186 shares of the company's stock traded hands, compared to its average volume of 1,149,480. Simon Property Group, Inc. has a 12-month low of $135.15 and a 12-month high of $186.00. 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 firm has a market cap of $56.69 billion, a price-to-earnings ratio of 23.14, a price-to-earnings-growth ratio of 9.30 and a beta of 1.75. The company's 50 day simple moving average is $176.08 and its two-hundred day simple moving average is $169.67.

Simon Property Group (NYSE:SPG - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.00 by ($1.54). The business had revenue of $1.48 billion for 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%. The business's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.20 earnings per share. As a group, sell-side analysts forecast that Simon Property Group, Inc. will post 12.72 EPS for the current fiscal year.

Insider Transactions at Simon Property Group

In other news, Director Reuben S. Leibowitz acquired 465 shares of Simon Property Group stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average price of $168.59 per share, for a total transaction of $78,394.35. Following the purchase, the director now directly owns 55,919 shares in the company, 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 can be accessed through this link. Corporate insiders own 8.50% of the company's stock.

Simon Property Group 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.