Oakwood Capital Management LLC CA Has $1,698,000 Position in Simon Property Group, Inc. (NYSE:SPG)

Oakwood Capital Management LLC CA continued to hold its stake in shares of Simon Property Group, Inc. (NYSE:SPG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,500 shares of the real estate investment trust’s stock at the end of the second quarter. Oakwood Capital Management LLC CA’s holdings in Simon Property Group were worth $1,698,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Pensionfund Sabic increased its stake in Simon Property Group by 7.8% in the first quarter. Pensionfund Sabic now owns 27,506 shares of the real estate investment trust’s stock valued at $4,732,000 after buying an additional 2,000 shares during the period. Chevy Chase Trust Holdings Inc. increased its stake in Simon Property Group by 5.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 276,424 shares of the real estate investment trust’s stock valued at $47,553,000 after buying an additional 13,133 shares during the period. West Oak Capital LLC increased its stake in Simon Property Group by 15.6% in the first quarter. West Oak Capital LLC now owns 1,405 shares of the real estate investment trust’s stock valued at $242,000 after buying an additional 190 shares during the period. Gulf International Bank UK Ltd increased its stake in Simon Property Group by 1.8% in the first quarter. Gulf International Bank UK Ltd now owns 97,997 shares of the real estate investment trust’s stock valued at $16,858,000 after buying an additional 1,720 shares during the period. Finally, National Pension Service increased its stake in Simon Property Group by 8.3% in the first quarter. National Pension Service now owns 234,449 shares of the real estate investment trust’s stock valued at $39,866,000 after buying an additional 17,880 shares during the period. Institutional investors own 95.77% of the company’s stock.

Shares of Simon Property Group, Inc. (SPG) opened at 153.58 on Friday. The company’s 50 day moving average price is $160.22 and its 200-day moving average price is $166.37. Simon Property Group, Inc. has a 12-month low of $150.15 and a 12-month high of $219.41. The firm has a market cap of $47.74 billion, a P/E ratio of 27.37 and a beta of 0.58.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.03. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.37 billion. Simon Property Group had a return on equity of 39.29% and a net margin of 32.07%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the company posted $2.63 EPS. On average, equities research analysts anticipate that Simon Property Group, Inc. will post $6.43 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 17th will be paid a dividend of $1.80 per share. This is a positive change from Simon Property Group’s previous quarterly dividend of $1.75. This represents a $7.20 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date of this dividend is Tuesday, August 15th. Simon Property Group’s dividend payout ratio (DPR) is presently 127.89%.

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SPG has been the subject of several research analyst reports. Goldman Sachs Group, Inc. (The) upgraded Simon Property Group from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $175.00 to $185.00 in a research report on Tuesday, June 20th. Argus decreased their target price on Simon Property Group from $225.00 to $210.00 and set a “buy” rating for the company in a research report on Thursday, June 29th. Mizuho upgraded Simon Property Group from a “neutral” rating to a “buy” rating and set a $178.00 target price for the company in a research report on Tuesday, May 30th. Vetr downgraded Simon Property Group from a “strong-buy” rating to a “buy” rating and set a $186.15 price objective for the company. in a report on Tuesday, May 2nd. Finally, Jefferies Group LLC restated a “buy” rating and issued a $190.00 price objective on shares of Simon Property Group in a report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. Simon Property Group presently has an average rating of “Hold” and an average price target of $195.01.

Simon Property Group Company Profile

Simon Property Group, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. Simon Property Group, L.P. (Operating Partnership), is the Company’s partnership subsidiary that owns all of its real estate properties and other assets.

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

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