B&I Capital AG Has $10.14 Million Stock Position in Simon Property Group, Inc. $SPG

B&I Capital AG reduced its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 6.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,035 shares of the real estate investment trust’s stock after selling 3,710 shares during the quarter. Simon Property Group accounts for approximately 3.5% of B&I Capital AG’s investment portfolio, making the stock its 9th biggest holding. B&I Capital AG’s holdings in Simon Property Group were worth $10,141,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC bought a new stake in Simon Property Group in the fourth quarter valued at approximately $295,000. Janney Montgomery Scott LLC increased its holdings in shares of Simon Property Group by 87.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 131,791 shares of the real estate investment trust’s stock worth $21,187,000 after acquiring an additional 61,505 shares during the last quarter. Truist Financial Corp raised its stake in Simon Property Group by 3.0% in the 2nd quarter. Truist Financial Corp now owns 39,433 shares of the real estate investment trust’s stock valued at $6,339,000 after acquiring an additional 1,157 shares during the period. BSW Wealth Partners lifted its holdings in Simon Property Group by 10.3% during the 2nd quarter. BSW Wealth Partners now owns 1,575 shares of the real estate investment trust’s stock valued at $253,000 after purchasing an additional 147 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in Simon Property Group by 41.1% during the second quarter. Robeco Institutional Asset Management B.V. now owns 485,083 shares of the real estate investment trust’s stock worth $77,982,000 after purchasing an additional 141,381 shares during the period. 93.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a research report on Tuesday, January 20th. Citigroup upped their price target on shares of Simon Property Group from $170.00 to $185.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Truist Financial raised their price objective on shares of Simon Property Group from $169.00 to $181.00 and gave the stock a “hold” rating in a research report on Wednesday, December 17th. Morgan Stanley set a $205.00 target price on Simon Property Group in a research report on Friday, January 16th. Finally, Barclays reiterated a “positive” rating and set a $188.00 target price on shares of Simon Property Group in a research note on Tuesday, January 13th. Six investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $194.64.

Insider Buying and Selling

In other news, Director Glyn Aeppel bought 216 shares of the firm’s stock in a transaction on Wednesday, December 31st. The shares were purchased at an average cost of $186.00 per share, with a total value of $40,176.00. Following the acquisition, the director directly owned 19,481 shares in the company, valued at $3,623,466. This represents a 1.12% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary M. Rodkin bought 226 shares of the company’s stock in a transaction dated Wednesday, December 31st. The stock was purchased at an average price of $186.00 per share, with a total value of $42,036.00. Following the completion of the transaction, the director directly owned 19,455 shares in the company, valued at approximately $3,618,630. This represents a 1.18% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 2,192 shares of company stock valued at $407,712 in the last ninety days. Insiders own 8.66% of the company’s stock.

Simon Property Group Stock Performance

NYSE SPG opened at $191.34 on Friday. The firm has a 50-day moving average price of $184.80 and a two-hundred day moving average price of $179.40. Simon Property Group, Inc. has a 12-month low of $136.34 and a 12-month high of $192.25. The company has a market capitalization of $62.47 billion, a P/E ratio of 27.85, a P/E/G ratio of 7.04 and a beta of 1.37. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 9.59.

Simon Property Group (NYSE:SPG) last announced its earnings results on Monday, November 3rd. The real estate investment trust reported $3.22 EPS for the quarter, topping the consensus estimate of $3.09 by $0.13. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Simon Property Group had a net margin of 38.18% and a return on equity of 79.30%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $3.05 earnings per share. Simon Property Group has set its FY 2025 guidance at 12.600-12.700 EPS. Analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th were issued a dividend of $2.20 per share. This is an increase from Simon Property Group’s previous quarterly dividend of $2.15. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $8.80 annualized dividend and a dividend yield of 4.6%. Simon Property Group’s payout ratio is currently 128.09%.

Simon Property Group Profile

Simon Property Group, Inc (NYSE: SPG) is a publicly traded real estate investment trust (REIT) that owns, develops and manages retail real estate properties. Its core business activities include acquisition, development, leasing and property management of regional malls, outlet centers and mixed‑use retail destinations. The company operates retail brands that include high‑profile regional shopping centers and the Premium Outlets platform, and it provides services such as tenant leasing, marketing, property operations and capital projects to optimize asset performance.

Simon’s portfolio spans a broad mix of enclosed malls, open‑air centers, outlet properties and mixed‑use developments, and the company pursues redevelopment and repositioning to adapt properties to changing consumer and retail trends.