Everett Harris & Co. CA Has $7.86 Million Position in Simon Property Group, Inc. (NYSE:SPG)

Everett Harris & Co. CA decreased its position in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,618 shares of the real estate investment trust's stock after selling 3,407 shares during the period. Everett Harris & Co. CA's holdings in Simon Property Group were worth $7,856,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aptus Capital Advisors LLC lifted its holdings in Simon Property Group by 3.9% in the third quarter. Aptus Capital Advisors LLC now owns 1,615 shares of the real estate investment trust's stock valued at $273,000 after buying an additional 61 shares during the period. Inspire Advisors LLC lifted its holdings in Simon Property Group by 1.6% in the third quarter. Inspire Advisors LLC now owns 4,118 shares of the real estate investment trust's stock valued at $696,000 after buying an additional 65 shares during the period. Carnegie Investment Counsel lifted its holdings in Simon Property Group by 4.3% in the fourth quarter. Carnegie Investment Counsel now owns 1,569 shares of the real estate investment trust's stock valued at $270,000 after buying an additional 65 shares during the period. UMB Bank n.a. increased its stake in Simon Property Group by 2.8% in the fourth quarter. UMB Bank n.a. now owns 2,391 shares of the real estate investment trust's stock valued at $412,000 after purchasing an additional 66 shares in the last quarter. Finally, Groupama Asset Managment increased its stake in Simon Property Group by 0.9% in the third quarter. Groupama Asset Managment now owns 7,721 shares of the real estate investment trust's stock valued at $1,305,000 after purchasing an additional 67 shares in the last quarter. Institutional investors and hedge funds own 93.01% of the company's stock.

Analyst Upgrades and Downgrades

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

Simon Property Group Stock Down 1.2 %

Simon Property Group stock traded down $2.05 during mid-day trading on Friday, reaching $173.75. The company's stock had a trading volume of 1,504,186 shares, compared to its average volume of 1,149,480. The company has a market capitalization 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. Simon Property Group, Inc. has a 12 month low of $135.15 and a 12 month high of $186.00. The business's 50 day simple moving average is $176.08 and its 200 day simple moving average is $169.67. The company has a debt-to-equity ratio of 8.20, a quick ratio of 2.00 and a current ratio of 2.00.

Simon Property Group (NYSE:SPG - Get Free Report) last released its earnings results on Friday, November 1st. The real estate investment trust reported $1.46 earnings per share for the quarter, missing analysts' consensus estimates of $3.00 by ($1.54). The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.32 billion. Simon Property Group had a net margin of 43.36% and a return on equity of 76.21%. The firm's revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the business posted $3.20 EPS. As a group, research analysts anticipate that Simon Property Group, Inc. will post 12.72 earnings per share for the current year.

Insider Transactions at Simon Property Group

In other news, Director Reuben S. Leibowitz acquired 465 shares of the stock in a transaction dated Monday, December 30th. The shares were bought at an average cost of $168.59 per share, for a total transaction of $78,394.35. Following the purchase, the director now directly owns 55,919 shares of the company's stock, valued at approximately $9,427,384.21. This trade represents a 0.84 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.50% of the stock is owned by company insiders.

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.