Universal Beteiligungs und Servicegesellschaft mbH Sells 20,001 Shares of Simon Property Group, Inc. $SPG

Universal Beteiligungs und Servicegesellschaft mbH reduced its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 4.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 411,976 shares of the real estate investment trust’s stock after selling 20,001 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.13% of Simon Property Group worth $77,316,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its position in Simon Property Group by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 45,839,312 shares of the real estate investment trust’s stock valued at $7,369,128,000 after buying an additional 149,314 shares in the last quarter. State Street Corp raised its position in shares of Simon Property Group by 1.1% in the 2nd quarter. State Street Corp now owns 21,452,497 shares of the real estate investment trust’s stock worth $3,448,703,000 after purchasing an additional 228,819 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Simon Property Group by 1.3% during the second quarter. Geode Capital Management LLC now owns 9,592,471 shares of the real estate investment trust’s stock valued at $1,536,565,000 after buying an additional 127,636 shares during the last quarter. Norges Bank bought a new stake in Simon Property Group in the 2nd quarter worth about $1,051,262,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Simon Property Group by 34.2% during the second quarter. JPMorgan Chase & Co. now owns 6,512,383 shares of the real estate investment trust’s stock valued at $1,046,943,000 after purchasing an additional 1,660,188 shares during the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SPG shares. Scotiabank boosted their target price on shares of Simon Property Group from $186.00 to $189.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 14th. UBS Group raised their target price on Simon Property Group from $180.00 to $189.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Truist Financial boosted their price target on Simon Property Group from $169.00 to $181.00 and gave the company a “hold” rating in a report on Wednesday, December 17th. Evercore ISI raised their price target on Simon Property Group from $187.00 to $188.00 and gave the company an “in-line” rating in a report on Friday, October 17th. Finally, Barclays restated a “positive” rating and set a $188.00 target price on shares of Simon Property Group in a research report on Tuesday, January 13th. Six research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $194.64.

Insider Activity at Simon Property Group

In other Simon Property Group news, Director Daniel C. Smith purchased 347 shares of the stock in a transaction on Wednesday, December 31st. The stock was acquired at an average price of $186.00 per share, with a total value of $64,542.00. Following the completion of the acquisition, the director owned 32,680 shares in the company, valued at $6,078,480. The trade was a 1.07% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Reuben S. Leibowitz purchased 480 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was bought at an average cost of $186.00 per share, with a total value of $89,280.00. Following the acquisition, the director owned 53,639 shares of the company’s stock, valued at approximately $9,976,854. The trade was a 0.90% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 2,192 shares of company stock worth $407,712 over the last ninety days. Corporate insiders own 8.60% of the company’s stock.

Simon Property Group Stock Performance

Shares of Simon Property Group stock opened at $184.31 on Wednesday. Simon Property Group, Inc. has a 52 week low of $136.34 and a 52 week high of $190.13. The company has a market capitalization of $60.17 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 8.81 and a beta of 1.37. The stock’s fifty day moving average is $184.14 and its two-hundred day moving average is $178.33. 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 posted its quarterly 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 the consensus estimate of $1.41 billion. Simon Property Group had a net margin of 38.18% and a return on equity of 79.30%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm posted $3.05 EPS. Simon Property Group has set its FY 2025 guidance at 12.600-12.700 EPS. As a group, analysts expect 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. Shareholders of record on Wednesday, December 10th were paid a $2.20 dividend. This represents a $8.80 annualized dividend and a yield of 4.8%. This is a boost from Simon Property Group’s previous quarterly dividend of $2.15. The ex-dividend date was Wednesday, December 10th. Simon Property Group’s payout ratio is presently 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.