Robeco Institutional Asset Management B.V. Purchases 141,381 Shares of Simon Property Group, Inc. $SPG

Robeco Institutional Asset Management B.V. increased its position in Simon Property Group, Inc. (NYSE:SPG) by 41.1% during the second quarter, Holdings Channel.com reports. The firm owned 485,083 shares of the real estate investment trust’s stock after buying an additional 141,381 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Simon Property Group were worth $77,982,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SPG. Nuveen LLC bought a new position in shares of Simon Property Group in the 1st quarter worth $724,937,000. Principal Financial Group Inc. lifted its holdings in shares of Simon Property Group by 133.0% in the 1st quarter. Principal Financial Group Inc. now owns 3,206,458 shares of the real estate investment trust’s stock worth $532,529,000 after purchasing an additional 1,830,264 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of Simon Property Group in the 1st quarter worth $197,377,000. Goldman Sachs Group Inc. lifted its holdings in shares of Simon Property Group by 25.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,976,076 shares of the real estate investment trust’s stock worth $494,267,000 after purchasing an additional 604,016 shares in the last quarter. Finally, Resolution Capital Ltd lifted its holdings in shares of Simon Property Group by 45.8% in the 1st quarter. Resolution Capital Ltd now owns 1,799,574 shares of the real estate investment trust’s stock worth $298,873,000 after purchasing an additional 565,084 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Glyn Aeppel acquired 208 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The stock was bought at an average price of $185.95 per share, with a total value of $38,677.60. Following the acquisition, the director owned 19,265 shares in the company, valued at $3,582,326.75. The trade was a 1.09% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Stefan M. Selig acquired 195 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The stock was purchased at an average cost of $185.95 per share, with a total value of $36,260.25. Following the acquisition, the director owned 32,076 shares in the company, valued at $5,964,532.20. The trade was a 0.61% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 2,163 shares of company stock worth $401,605. 8.66% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SPG shares. Mizuho cut their target price on Simon Property Group from $182.00 to $169.00 and set a “neutral” rating on the stock in a report on Tuesday, June 10th. Stifel Nicolaus cut Simon Property Group from a “buy” rating to a “hold” rating and set a $179.00 price objective on the stock. in a research note on Tuesday, September 2nd. Barclays initiated coverage on Simon Property Group in a research note on Wednesday, July 2nd. They set an “equal weight” rating and a $170.00 price objective on the stock. Piper Sandler raised their price objective on Simon Property Group from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, September 18th. Finally, LADENBURG THALM/SH SH initiated coverage on Simon Property Group in a research note on Friday, July 18th. They set a “buy” rating and a $225.00 price objective on the stock. Four equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Simon Property Group has an average rating of “Hold” and a consensus target price of $186.46.

Simon Property Group Trading Down 0.4%

Shares of Simon Property Group stock opened at $185.05 on Friday. Simon Property Group, Inc. has a 1 year low of $136.34 and a 1 year high of $190.13. The firm has a market cap of $60.42 billion, a PE ratio of 28.60, a P/E/G ratio of 11.25 and a beta of 1.50. The stock has a fifty day moving average price of $176.41 and a 200-day moving average price of $165.35. The company has a debt-to-equity ratio of 9.05, a current ratio of 1.23 and a quick ratio of 1.23.

Simon Property Group (NYSE:SPG) last announced its earnings results on Monday, August 4th. The real estate investment trust reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.01. Simon Property Group had a return on equity of 72.38% and a net margin of 36.78%.The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the firm posted $2.90 EPS. The business’s revenue was up 13.9% compared to the same quarter last year. Simon Property Group has set its FY 2025 guidance at 12.450-12.650 EPS. Equities research analysts anticipate that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 9th were given a dividend of $2.15 per share. The ex-dividend date of this dividend was Tuesday, September 9th. This represents a $8.60 annualized dividend and a dividend yield of 4.6%. This is a boost from Simon Property Group’s previous quarterly dividend of $2.10. Simon Property Group’s payout ratio is 132.92%.

Simon Property Group Profile

Simon Property Group, Inc (NYSE:SPG) is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc, the Operating Partnership, and its subsidiaries.