Virtu KCG Holdings LLC Increases Holdings in Simon Property Group, Inc. (NYSE:SPG)

Virtu KCG Holdings LLC raised its holdings in Simon Property Group, Inc. (NYSE:SPG) by 105.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,849 shares of the real estate investment trust’s stock after purchasing an additional 1,975 shares during the quarter. Virtu KCG Holdings LLC’s holdings in Simon Property Group were worth $623,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Norway Savings Bank raised its position in shares of Simon Property Group by 19.5% during the second quarter. Norway Savings Bank now owns 765 shares of the real estate investment trust’s stock worth $124,000 after acquiring an additional 125 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its position in shares of Simon Property Group by 27.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 787 shares of the real estate investment trust’s stock worth $127,000 after acquiring an additional 169 shares during the last quarter. Israel Discount Bank of New York bought a new stake in shares of Simon Property Group during the first quarter worth $146,000. Alpha Windward LLC raised its position in shares of Simon Property Group by 12.2% during the second quarter. Alpha Windward LLC now owns 856 shares of the real estate investment trust’s stock worth $138,000 after acquiring an additional 93 shares during the last quarter. Finally, IHT Wealth Management LLC raised its position in shares of Simon Property Group by 5.3% during the first quarter. IHT Wealth Management LLC now owns 911 shares of the real estate investment trust’s stock worth $155,000 after acquiring an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 94.70% of the company’s stock.

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A number of equities research analysts recently commented on SPG shares. Stifel Nicolaus set a $170.00 price objective on Simon Property Group and gave the stock a “hold” rating in a research note on Sunday, August 27th. Argus decreased their price objective 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. Goldman Sachs Group, Inc. (The) raised Simon Property Group from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $175.00 to $185.00 in a research note on Tuesday, June 20th. Jefferies Group LLC reaffirmed a “buy” rating and set a $200.00 price objective (up from $198.00) on shares of Simon Property Group in a research note on Thursday, August 24th. Finally, Zacks Investment Research raised Simon Property Group from a “hold” rating to a “buy” rating and set a $182.00 target price for the company in a research note on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. Simon Property Group presently has a consensus rating of “Buy” and an average target price of $193.07.

Simon Property Group, Inc. (NYSE SPG) opened at 165.33 on Tuesday. Simon Property Group, Inc. has a 52-week low of $150.15 and a 52-week high of $199.69. The firm has a market capitalization of $51.39 billion, a PE ratio of 29.47 and a beta of 0.60. The stock’s 50 day moving average price is $160.41 and its 200 day moving average price is $161.45.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $2.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.44 by $0.03. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Simon Property Group had a net margin of 32.07% and a return on equity of 39.29%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.63 earnings per share. On average, analysts predict that Simon Property Group, Inc. will post $6.35 EPS for the current fiscal year.

Simon Property Group 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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