Simon Property Group, Inc. (NYSE:SPG) – Investment analysts at Boenning Scattergood issued their Q2 2017 earnings per share estimates for Simon Property Group in a research report issued on Thursday. Boenning Scattergood analyst F. Van. Dijkum expects that the real estate investment trust will post earnings per share of $2.44 for the quarter. Boenning Scattergood also issued estimates for Simon Property Group’s FY2017 earnings at $11.16 EPS.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Thursday, April 27th. The real estate investment trust reported $2.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.76 by $0.02. Simon Property Group had a return on equity of 40.16% and a net margin of 34.99%. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the business earned $2.63 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis.

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Several other research analysts have also recently commented on the company. Barclays PLC reduced their price target on Simon Property Group from $191.00 to $188.00 and set an “overweight” rating for the company in a research report on Tuesday, July 18th. Jefferies Group LLC restated a “buy” rating and issued a $190.00 price objective on shares of Simon Property Group in a research note on Monday, July 17th. BidaskClub upgraded Simon Property Group from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 16th. Stifel Nicolaus initiated coverage on Simon Property Group in a research note on Friday, July 14th. They issued a “hold” rating and a $170.00 price objective on the stock. Finally, Zacks Investment Research lowered Simon Property Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. Simon Property Group has a consensus rating of “Hold” and an average target price of $191.65.

Simon Property Group (NYSE SPG) opened at 160.58 on Monday. The company has a 50 day moving average price of $158.46 and a 200-day moving average price of $169.54. The company has a market capitalization of $50.13 billion, a P/E ratio of 27.48 and a beta of 0.58. Simon Property Group has a 52 week low of $150.15 and a 52 week high of $229.10.

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Simon Property Group by 2.1% in the first quarter. Vanguard Group Inc. now owns 45,481,675 shares of the real estate investment trust’s stock worth $7,824,213,000 after buying an additional 923,592 shares during the period. BlackRock Inc. increased its position in Simon Property Group by 1,886.1% in the first quarter. BlackRock Inc. now owns 29,769,454 shares of the real estate investment trust’s stock worth $5,121,238,000 after buying an additional 28,270,599 shares during the period. State Street Corp increased its position in Simon Property Group by 0.7% in the first quarter. State Street Corp now owns 18,280,079 shares of the real estate investment trust’s stock worth $3,144,722,000 after buying an additional 118,826 shares during the period. APG Asset Management US Inc. increased its position in Simon Property Group by 7.4% in the second quarter. APG Asset Management US Inc. now owns 7,258,540 shares of the real estate investment trust’s stock worth $1,174,141,000 after buying an additional 498,800 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Simon Property Group by 0.3% in the first quarter. Bank of New York Mellon Corp now owns 5,730,284 shares of the real estate investment trust’s stock worth $985,781,000 after buying an additional 17,815 shares during the period. 95.07% of the stock is owned by institutional investors and hedge funds.

About Simon Property Group

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.

Earnings History and Estimates for Simon Property Group (NYSE:SPG)

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