Ballentine Partners LLC Increases Holdings in Simon Property Group, Inc. (NYSE:SPG)

Ballentine Partners LLC has increased its holdings in Simon Property Group, Inc. by 8.1% in the 1st quarter, according to its recent filing with the SEC. The fund now owns 4,238 shares of the real estate investment trust’s stock, worth $663,000. Other hedge funds have also made significant modifications to their holdings of SPG, including Norges Bank, Charles Schwab Investment Management Inc., Boston Partners, Royal Bank of Canada, and Russell Investments Group Ltd.

Wall Street analysts have weighed in on the stock, with StockNews.com upgrading Simon Property Group from a “hold” to a “buy” rating. The company’s price performance has been positive, with shares trading at $147.35 on Monday. Simon Property Group recently announced an increase in its quarterly dividend, which will be paid on June 28th.

Simon Property Group is a real estate investment trust that owns premier shopping, dining, entertainment, and mixed-use destinations across North America, Europe, and Asia. The company’s properties serve as community gathering places and generate billions in annual sales.

For more information on Simon Property Group and its recent developments, visit HoldingsChannel.com for the latest 13F filings and insider trades.