Today’s Dividend Action: $1.65 dividends are within arm’s reach for Simon Property Group, Inc. (NYSE:SPG) shareholders.

Today's Dividend Action: $1.65 dividends are within arm's reach for Simon Property Group, Inc. (NYSE:SPG) shareholders.

Simon Property Group, Inc. (NYSE:SPG) is expected to pay $1.65 on Nov 30, 2016. The indicated annual dividend is $6.60. Shareholders owning the stock before Nov 14, 2016 will be eligible to receive the payout. Based on Simon Property Group, Inc.’s current price of $182.61, the dividend is 0.90%. This dividend’s record date is Nov 16, 2016 and the announcement date is Oct 26, 2016. The stock increased 0.18% or $0.32 on November 11, hitting $182.61. About 1.80 million shares traded hands or 16.88% up from the average. Simon Property Group Inc (NYSE:SPG) has declined 12.25% since April 12, 2016 and is downtrending. It has underperformed by 17.24% the S&P500.

Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust . The company has a market cap of $57.48 billion. The Firm owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. It has a 31.05 P/E ratio. Simon Property Group, L.P. (Operating Partnership), is the Company’s partnership subsidiary that owns all of its real estate properties and other assets.

Insitutional Activity: The institutional sentiment increased to 1.28 in Q2 2016. Its up 0.16, from 1.12 in 2016Q1. The ratio improved, as 41 funds sold all Simon Property Group Inc shares owned while 189 reduced positions. 58 funds bought stakes while 236 increased positions. They now own 304.68 million shares or 5.25% less from 321.56 million shares in 2016Q1.
Carnegie Asset Mgmt Lc holds 0.09% or 2,805 shares in its portfolio. Catalyst Capital Advisors Ltd Liability Co accumulated 5,000 shares or 0.2% of the stock. Wells Fargo And Comm Mn holds 712,022 shares or 0.06% of its portfolio. Old Natl Bank & Trust In holds 0.02% of its portfolio in Simon Property Group Inc (NYSE:SPG) for 1,812 shares. Fiduciary Trust, a Massachusetts-based fund reported 109,948 shares. Glenmede Tru Na has invested 0.43% of its portfolio in Simon Property Group Inc (NYSE:SPG). State Treasurer State Of Michigan accumulated 107,442 shares or 0.18% of the stock. Mizuho Trust & Bk Ltd, a Japan-based fund reported 542,517 shares. Blackrock Limited Liability Company has 1.06M shares for 0.23% of their US portfolio. Parametric Port Associates Ltd Co has 586,745 shares for 0.2% of their US portfolio. Retirement Of Alabama reported 157,740 shares or 0.2% of all its holdings. Winslow Asset Mgmt holds 48,177 shares or 2.34% of its portfolio. Sumitomo Life Insurance owns 15,375 shares or 0.46% of their US portfolio. Tradewinds Cap holds 23 shares or 0% of its portfolio. Ar Asset Mngmt Inc holds 0.24% or 2,600 shares in its portfolio.

Insider Transactions: Since August 29, 2016, the stock had 0 buys, and 2 insider sales for $1.71 million net activity. 7,000 Simon Property Group Inc (NYSE:SPG) shares with value of $1.51 million were sold by JUSTER ANDREW. Broadwater Steven K. sold $203,562 worth of Simon Property Group Inc (NYSE:SPG) on Thursday, September 1.

Simon Property Group Inc (NYSE:SPG) Ratings Coverage

Out of 11 analysts covering Simon Property Group (NYSE:SPG), 10 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 91% are positive. $266 is the highest target while $198 is the lowest. The $232.21 average target is 27.16% above today’s ($182.61) stock price. Simon Property Group has been the topic of 29 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was initiated on Thursday, August 25 by BTIG Research. The company was upgraded on Monday, March 7 by Evercore. The firm earned “Hold” rating on Wednesday, August 26 by Zacks. The stock has “Buy” rating given by Zacks on Monday, August 17. Deutsche Bank maintained Simon Property Group Inc (NYSE:SPG) rating on Wednesday, August 17. Deutsche Bank has “Buy” rating and $233 price target. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, February 2. Evercore maintained Simon Property Group Inc (NYSE:SPG) rating on Tuesday, September 8. Evercore has “Buy” rating and $205 price target. The firm earned “Buy” rating on Wednesday, October 28 by Stifel Nicolaus. The stock of Simon Property Group Inc (NYSE:SPG) earned “Outperform” rating by RBC Capital Markets on Tuesday, July 28. The firm has “Hold” rating given on Monday, November 16 by Evercore.

More notable recent Simon Property Group Inc (NYSE:SPG) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Summit Hotel Properties, Simon Property Group and AFLAC” on November 10, 2016, also Wsj.com with their article: “Simon Property Group Raises Profit Outlook on Improved Occupancy, Rents” published on October 26, 2016, Forbes.com published: “Simon Property Group is Oversold” on October 26, 2016. More interesting news about Simon Property Group Inc (NYSE:SPG) were released by: Prnewswire.com and their article: “Simon Property Group Reports Third Quarter 2016 Results And Raises Full Year …” published on October 26, 2016 as well as Ibj.com‘s news article titled: “Simon Property Group names new top lawyer” with publication date: October 29, 2016.

SPG Company Profile

Simon Property Group, Inc., incorporated on March 10, 1998, is a self-administered and self-managed real estate investment trust (REIT). The Firm 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. The Firm owns an interest in approximately 210 income-producing properties in the United States, which consists of approximately 110 malls, 70 Premium Outlets, 15 Mills and 12 other retail properties in over 40 states and Puerto Rico. The Firm also owns The Mills at Jersey Gardens in Elizabeth, New Jersey, and University Park Village in Fort Worth, Texas.

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