Lbp Am Sa Sells 9,046 Shares of Simon Property Group, Inc. $SPG

Lbp Am Sa decreased its holdings in Simon Property Group, Inc. (NYSE:SPG) by 8.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 98,951 shares of the real estate investment trust’s stock after selling 9,046 shares during the period. Lbp Am Sa’s holdings in Simon Property Group were worth $18,570,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Trust Co. of Toledo NA OH purchased a new position in shares of Simon Property Group during the second quarter valued at approximately $25,000. VSM Wealth Advisory LLC purchased a new stake in Simon Property Group in the second quarter worth approximately $30,000. Silicon Valley Capital Partners bought a new stake in Simon Property Group in the 2nd quarter worth approximately $30,000. Bell Investment Advisors Inc raised its stake in Simon Property Group by 205.6% during the 2nd quarter. Bell Investment Advisors Inc now owns 217 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 146 shares during the last quarter. Finally, Salomon & Ludwin LLC purchased a new stake in Simon Property Group during the 3rd quarter valued at $39,000. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Analyst Upgrades and Downgrades

SPG has been the subject of several research analyst reports. Piper Sandler lifted their price objective on Simon Property Group from $210.00 to $225.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. Citigroup raised their target price on Simon Property Group from $170.00 to $185.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Morgan Stanley set a $205.00 price target on shares of Simon Property Group in a research report on Friday, January 16th. Mizuho set a $192.00 price objective on shares of Simon Property Group in a report on Friday, January 9th. Finally, UBS Group boosted their target price on shares of Simon Property Group from $180.00 to $189.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Simon Property Group has an average rating of “Hold” and an average target price of $194.64.

Insider Activity

In other news, Director Glyn Aeppel bought 216 shares of the stock in a transaction that occurred on Wednesday, December 31st. The shares were bought at an average price of $186.00 per share, for a total transaction of $40,176.00. Following the purchase, the director 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 acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Reuben S. Leibowitz bought 480 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The stock was purchased at an average cost of $186.00 per share, with a total value of $89,280.00. Following the acquisition, the director directly owned 53,639 shares in the company, valued at $9,976,854. This trade represents a 0.90% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders purchased 2,192 shares of company stock worth $407,712. 8.60% of the stock is currently owned by insiders.

Simon Property Group Stock Down 0.1%

SPG stock opened at $184.83 on Monday. Simon Property Group, Inc. has a twelve month low of $136.34 and a twelve month high of $190.13. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 9.59. The stock has a market cap of $60.34 billion, a P/E ratio of 26.90, a PEG ratio of 6.85 and a beta of 1.37. The business’s 50-day moving average price is $184.23 and its 200-day moving average price is $178.77.

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

Simon Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th were given a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Wednesday, December 10th. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.15. Simon Property Group’s payout ratio is 128.09%.

Simon Property Group Company 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.