Forsta Ap-fonden adds Simon Property Group Inc (SPG) to its portfolio

Simon Property Group Inc (SPG) : Forsta Ap-fonden added new position in Simon Property Group Inc during the most recent quarter end. The investment management firm now holds 133,100 shares of Simon Property Group Inc which is valued at $28,556,605 , the company said in a statement filed on Aug 8, 2016 with the SEC.Simon Property Group Inc makes up approximately 0.80% of Forsta Ap-fonden’s portfolio.

Other Hedge Funds, Including , Twin Capital Management Inc boosted its stake in SPG in the latest quarter, The investment management firm added 7,440 additional shares and now holds a total of 21,350 shares of Simon Property Group Inc which is valued at $4,580,643. Simon Property Group Inc makes up approx 0.33% of Twin Capital Management Inc’s portfolio.Boston Private Wealth boosted its stake in SPG in the latest quarter, The investment management firm added 38 additional shares and now holds a total of 1,103 shares of Simon Property Group Inc which is valued at $245,208. Simon Property Group Inc makes up approx 0.01% of Boston Private Wealth’s portfolio.Putnam Fl Investment Management Co boosted its stake in SPG in the latest quarter, The investment management firm added 209 additional shares and now holds a total of 10,177 shares of Simon Property Group Inc which is valued at $2,262,449. Simon Property Group Inc makes up approx 0.26% of Putnam Fl Investment Management Co’s portfolio.Financial Architects Inc boosted its stake in SPG in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 141 shares of Simon Property Group Inc which is valued at $31,260. Simon Property Group Inc makes up approx 0.01% of Financial Architects Inc’s portfolio.

Simon Property Group Inc opened for trading at $214.35 and hit $214.98 on the upside on Monday, eventually ending the session at $214.08, with a gain of 0.24% or 0.51 points. The heightened volatility saw the trading volume jump to 11,48,148 shares. Company has a market cap of $67,271 M.

On the company’s financial health, Simon Property Group Inc reported $2.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $2.62. The company had revenue of $1315.38 million for the quarter, compared to analysts expectations of $1347.01 million. The company’s revenue was down -2.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.41 EPS.

Many Wall Street Analysts have commented on Simon Property Group Inc. Company shares were Reiterated by Canaccord Genuity on Aug 16, 2016 to “Buy”, Firm has raised the Price Target to $ 250 from a previous price target of $235 .Mizuho Downgraded Simon Property Group Inc on Aug 3, 2016 to ” Neutral”, Price Target of the shares are set at $238.Company shares were Downgraded by RBC Capital Mkts on Aug 2, 2016 to ” Sector Perform”, Firm has raised the Price Target to $ 230 from a previous price target of $220 .

Simon Property Group Inc. is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group L.P. (Operating Partnership) is the Company’s majority-owned partnership subsidiary that owns all of its real estate properties and other assets. The Company owns develops and manages retail real estate properties which consist primarily of malls Premium Outlets and The Mills. As of December 31 2014 the Company owned or held an interest in 207 properties in the United States which consisted of 109 malls 68 Premium Outlets 13 Mills three community centers and 14 other retail properties in 37 states and Puerto Rico. As of December 31 2014 the Company had ownership interests in nine Premium Outlets in Japan three Premium Outlets in South Korea two Premium Outlets in Canada one Premium Outlet in Mexico and one Premium Outlet in Malaysia. As of December 31 2014 the Company had non-controlling ownership interests in five outlet properties in Europe.

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