ASR Vermogensbeheer N.V. Cuts Stake in Simon Property Group, Inc. $SPG

ASR Vermogensbeheer N.V. decreased its stake in Simon Property Group, Inc. (NYSE:SPG) by 0.4% in the 2nd quarter, Holdings Channel.com reports. 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 SEC filing.

A number of other large investors have also modified their holdings of SPG. Park Square Financial Group LLC lifted its position in 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 acquiring an additional 81 shares in the last quarter. Richardson Financial Services Inc. raised its stake in shares of Simon Property Group by 185.0% during the first quarter. Richardson Financial Services Inc. now owns 171 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 111 shares during the period. Continuum Advisory LLC raised its stake in shares of 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 valued at $32,000 after purchasing an additional 156 shares during the period. WPG Advisers LLC acquired a new position in shares of Simon Property Group during the first quarter worth $47,000. Finally, Grove Bank & Trust boosted its stake 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 valued at $63,000 after purchasing an additional 266 shares during the period. Institutional investors and hedge funds own 93.01% of the company’s stock.

Simon Property Group Stock Down 0.4%

NYSE:SPG opened at $185.05 on Friday. The company has a market capitalization of $60.42 billion, a price-to-earnings ratio of 28.60, a price-to-earnings-growth ratio of 11.25 and a beta of 1.50. Simon Property Group, Inc. has a one year low of $136.34 and a one year high of $190.13. The stock has a 50-day simple moving average of $176.41 and a 200 day simple moving average of $165.35. 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 announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the firm posted $2.90 earnings per share. Simon Property Group’s revenue for the quarter 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. Sell-side analysts predict that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 9th were paid a dividend of $2.15 per share. This represents a $8.60 annualized dividend 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 was Tuesday, September 9th. Simon Property Group’s dividend payout ratio (DPR) is 132.92%.

Insider Transactions at Simon Property Group

In other Simon Property Group news, Director Daniel C. Smith purchased 335 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The stock was acquired at an average cost of $185.95 per share, with a total value of $62,293.25. Following the acquisition, the director owned 32,333 shares of the company’s stock, valued at approximately $6,012,321.35. This represents a 1.05% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gary M. Rodkin acquired 219 shares of the stock in a transaction that occurred on Tuesday, September 30th. The shares were acquired at an average cost of $185.95 per share, with a total value of $40,723.05. Following the transaction, the director owned 19,229 shares in the company, valued at approximately $3,575,632.55. The trade was a 1.15% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 2,163 shares of company stock valued at $401,605 over the last quarter. Insiders own 8.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SPG shares. Argus reaffirmed a “buy” rating and set a $185.00 price target on shares of Simon Property Group in a research note on Friday, September 5th. LADENBURG THALM/SH SH started coverage on Simon Property Group in a research note on Friday, July 18th. They set a “buy” rating and a $225.00 target price for the company. Barclays assumed coverage on Simon Property Group in a research note on Wednesday, July 2nd. They issued an “equal weight” rating and a $170.00 price target on the stock. Scotiabank increased their price target on Simon Property Group from $163.00 to $173.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Finally, Morgan Stanley raised their price objective on Simon Property Group from $170.00 to $180.00 and gave the company an “equal weight” rating in a research note on Thursday, September 11th. Four research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $186.46.

About Simon Property Group

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.