Achmea Investment Management B.V. Has $20.95 Million Stock Holdings in Simon Property Group, Inc. $SPG

Achmea Investment Management B.V. lifted its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 0.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,329 shares of the real estate investment trust’s stock after purchasing an additional 443 shares during the period. Achmea Investment Management B.V.’s holdings in Simon Property Group were worth $20,952,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Brighton Jones LLC acquired a new position in shares of Simon Property Group during the 4th quarter valued at $295,000. World Investment Advisors increased its stake in Simon Property Group by 26.5% in the first quarter. World Investment Advisors now owns 4,907 shares of the real estate investment trust’s stock valued at $815,000 after purchasing an additional 1,029 shares in the last quarter. Penserra Capital Management LLC increased its stake in Simon Property Group by 6.3% in the first quarter. Penserra Capital Management LLC now owns 9,290 shares of the real estate investment trust’s stock valued at $1,541,000 after purchasing an additional 551 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Simon Property Group by 7.1% during the first quarter. Envestnet Asset Management Inc. now owns 318,803 shares of the real estate investment trust’s stock valued at $52,947,000 after purchasing an additional 21,227 shares during the period. Finally, TD Private Client Wealth LLC boosted its position in shares of Simon Property Group by 18.8% during the 1st quarter. TD Private Client Wealth LLC now owns 1,895 shares of the real estate investment trust’s stock worth $315,000 after purchasing an additional 300 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SPG shares. Morgan Stanley upped their price objective on shares of Simon Property Group from $170.00 to $180.00 and gave the stock an “equal weight” rating in a report on Thursday, September 11th. Stifel Nicolaus lifted their price objective on Simon Property Group from $179.00 to $184.00 and gave the company a “hold” rating in a research note on Tuesday. Evercore ISI boosted their target price on Simon Property Group from $187.00 to $188.00 and gave the stock an “in-line” rating in a research report on Friday, October 17th. Truist Financial increased their target price on Simon Property Group from $168.00 to $169.00 and gave the company a “hold” rating in a report on Monday, August 25th. Finally, Barclays boosted their price target on Simon Property Group from $170.00 to $180.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. Five analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Simon Property Group currently has a consensus rating of “Hold” and an average price target of $187.69.

Insider Activity at Simon Property Group

In other news, Director Glyn Aeppel purchased 208 shares of the stock in a transaction on Tuesday, September 30th. The shares were acquired at an average price of $185.95 per share, with a total value of $38,677.60. Following the completion of the acquisition, the director directly owned 19,265 shares of the company’s stock, valued at $3,582,326.75. This trade represents a 1.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Stefan M. Selig acquired 195 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, with a total value of $36,260.25. Following the completion of the purchase, the director owned 32,076 shares of the company’s stock, valued at approximately $5,964,532.20. This represents a 0.61% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 2,163 shares of company stock worth $401,605 in the last 90 days. Insiders own 8.66% of the company’s stock.

Simon Property Group Trading Down 0.7%

Simon Property Group stock opened at $181.36 on Thursday. 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 cap of $59.21 billion, a P/E ratio of 28.03, a P/E/G ratio of 12.73 and a beta of 1.50. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 9.05. The business has a 50-day simple moving average of $180.36 and a two-hundred day simple moving average of $169.16.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $0.13. Simon Property Group had a net margin of 36.78% and a return on equity of 72.38%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the firm posted $3.05 EPS. The company’s revenue for the quarter 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. Analysts predict that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be paid a dividend of $2.20 per share. This represents a $8.80 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Wednesday, December 10th. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.15. Simon Property Group’s dividend payout ratio (DPR) is 128.09%.

Simon Property Group Company 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.