MGO One Seven LLC boosted its position in shares of Simon Property Group, Inc. (NYSE:SPG – Free Report) by 8.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,549 shares of the real estate investment trust’s stock after purchasing an additional 288 shares during the period. MGO One Seven LLC’s holdings in Simon Property Group were worth $397,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in SPG. Integrated Advisors Network LLC boosted its position in Simon Property Group by 0.5% in the 4th quarter. Integrated Advisors Network LLC now owns 19,263 shares of the real estate investment trust’s stock valued at $2,263,000 after buying an additional 88 shares during the period. Mitchell Capital Management Co. boosted its position in Simon Property Group by 0.4% in the 4th quarter. Mitchell Capital Management Co. now owns 24,412 shares of the real estate investment trust’s stock valued at $2,868,000 after buying an additional 91 shares during the period. My Legacy Advisors LLC boosted its position in Simon Property Group by 5.2% in the 1st quarter. My Legacy Advisors LLC now owns 1,830 shares of the real estate investment trust’s stock valued at $201,000 after buying an additional 91 shares during the period. Sequoia Financial Advisors LLC boosted its position in Simon Property Group by 3.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,611 shares of the real estate investment trust’s stock valued at $292,000 after buying an additional 91 shares during the period. Finally, Parkside Financial Bank & Trust boosted its position in Simon Property Group by 17.1% in the 1st quarter. Parkside Financial Bank & Trust now owns 638 shares of the real estate investment trust’s stock valued at $84,000 after buying an additional 93 shares during the period. 85.58% of the stock is currently owned by institutional investors.
Simon Property Group Trading Up 0.1 %
NYSE:SPG opened at $119.02 on Tuesday. Simon Property Group, Inc. has a 52 week low of $86.02 and a 52 week high of $133.08. The firm has a 50 day moving average of $117.49 and a 200 day moving average of $114.70. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 7.67. The stock has a market capitalization of $38.94 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 2.84 and a beta of 1.53.
Simon Property Group Increases Dividend
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of Simon Property Group from $130.00 to $139.00 in a research report on Wednesday, July 12th. StockNews.com assumed coverage on shares of Simon Property Group in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Mizuho lowered their price target on shares of Simon Property Group from $116.00 to $106.00 in a research report on Friday, May 26th. Finally, Wolfe Research raised shares of Simon Property Group from a “peer perform” rating to an “outperform” rating and set a $127.00 price target for the company in a research report on Wednesday, July 5th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Simon Property Group currently has an average rating of “Moderate Buy” and an average target price of $129.30.
View Our Latest Research Report on Simon Property Group
About Simon Property Group
Simon is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.
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