Mason Street Advisors buys $7,889,060 stake in Simon Property Group Inc (SPG)

Simon Property Group Inc (SPG) : Mason Street Advisors scooped up 832 additional shares in Simon Property Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 42,508 shares of Simon Property Group Inc which is valued at $7,889,060.Simon Property Group Inc makes up approximately 0.22% of Mason Street Advisors’s portfolio.

Other Hedge Funds, Including , Clinton Group Inc added SPG to its portfolio by purchasing 35,476 company shares during the most recent quarter which is valued at $6,583,991. Simon Property Group Inc makes up approx 0.30% of Clinton Group Inc’s portfolio.First Interstate Bank boosted its stake in SPG in the latest quarter, The investment management firm added 36 additional shares and now holds a total of 132 shares of Simon Property Group Inc which is valued at $24,062. Quantres Asset Management Ltd added SPG to its portfolio by purchasing 2,800 company shares during the most recent quarter which is valued at $552,328. Simon Property Group Inc makes up approx 0.34% of Quantres Asset Management Ltd’s portfolio.Agran Libbie reduced its stake in SPG by selling 484 shares or 0.92% in the most recent quarter. The Hedge Fund company now holds 51,892 shares of SPG which is valued at $10,298,486. Simon Property Group Inc makes up approx 2.53% of Agran Libbie’s portfolio.

Simon Property Group Inc opened for trading at $180.56 and hit $181.75 on the upside on Monday, eventually ending the session at $180.83, with a gain of 0.08% or 0.15 points. The heightened volatility saw the trading volume jump to 13,69,326 shares. Company has a market cap of $56,824 M.

On the company’s financial health, Simon Property Group Inc reported $2.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $2.68. The company had revenue of $1357.20 million for the quarter, compared to analysts expectations of $1365.16 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.54 EPS.

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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