Simon Property Group, Inc. $SPG Shares Sold by ASR Vermogensbeheer N.V.

ASR Vermogensbeheer N.V. reduced its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 0.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,112 shares of the real estate investment trust’s stock after selling 174 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Simon Property Group were worth $6,930,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of SPG. Park Square Financial Group LLC increased its stake in shares of Simon Property Group by 108.0% during the 1st quarter. Park Square Financial Group LLC now owns 156 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 81 shares in the last quarter. Richardson Financial Services Inc. grew its holdings in Simon Property Group by 185.0% during the 1st quarter. Richardson Financial Services Inc. now owns 171 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 111 shares during the last quarter. Continuum Advisory LLC increased its position in Simon Property Group by 421.6% during the first quarter. Continuum Advisory LLC now owns 193 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 156 shares in the last quarter. WPG Advisers LLC purchased a new position in Simon Property Group during the first quarter worth $47,000. Finally, Grove Bank & Trust raised its holdings in shares of Simon Property Group by 231.3% in the first quarter. Grove Bank & Trust now owns 381 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 266 shares during the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Insider Activity at Simon Property Group

In other news, Director Larry C. Glasscock acquired 351 shares of the business’s stock in a transaction dated Tuesday, September 30th. The shares were bought at an average cost of $185.95 per share, for a total transaction of $65,268.45. Following the acquisition, the director directly owned 43,536 shares in the company, valued at $8,095,519.20. This trade represents a 0.81% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary M. Rodkin acquired 219 shares of Simon Property Group stock in a transaction dated Tuesday, September 30th. The stock was purchased at an average cost of $185.95 per share, for a total transaction of $40,723.05. Following the completion of the purchase, the director directly owned 19,229 shares in the company, valued at approximately $3,575,632.55. This represents a 1.15% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 2,163 shares of company stock valued at $401,605 over the last three months. Insiders own 8.66% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on SPG shares. Piper Sandler lifted their price objective on Simon Property Group from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, September 18th. Evercore ISI reaffirmed an “in-line” rating and set a $187.00 price target (up from $183.00) on shares of Simon Property Group in a research note on Monday, September 15th. Stifel Nicolaus lowered shares of Simon Property Group from a “buy” rating to a “hold” rating and set a $179.00 price objective for the company. in a research report on Tuesday, September 2nd. Barclays assumed coverage on shares of Simon Property Group in a research report on Wednesday, July 2nd. They set an “equal weight” rating and a $170.00 target price on the stock. Finally, LADENBURG THALM/SH SH started coverage on shares of Simon Property Group in a research note on Friday, July 18th. They issued a “buy” rating and a $225.00 target price for the company. Four investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $186.46.

Simon Property Group Price Performance

SPG 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 company’s 50 day simple moving average is $176.41 and its 200 day simple moving average is $165.35. The stock has a market capitalization 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 company has a debt-to-equity ratio of 9.05, a quick ratio of 1.23 and a current ratio of 1.23.

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

Simon Property Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 9th were given a dividend of $2.15 per share. This represents a $8.60 dividend on an annualized basis and a yield of 4.6%. This is a boost from Simon Property Group’s previous quarterly dividend of $2.10. The ex-dividend date of this dividend was Tuesday, September 9th. Simon Property Group’s dividend payout ratio (DPR) is presently 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.