Universal Beteiligungs und Servicegesellschaft mbH Sells 14,061 Shares of Simon Property Group, Inc. $SPG

Universal Beteiligungs und Servicegesellschaft mbH lowered its stake in Simon Property Group, Inc. (NYSE:SPG) by 3.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 431,977 shares of the real estate investment trust’s stock after selling 14,061 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.13% of Simon Property Group worth $69,445,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Nuveen LLC purchased a new position in shares of Simon Property Group in the 1st quarter valued at approximately $724,937,000. Goldman Sachs Group Inc. lifted its position in Simon Property Group by 25.5% during the first quarter. Goldman Sachs Group Inc. now owns 2,976,076 shares of the real estate investment trust’s stock valued at $494,267,000 after buying an additional 604,016 shares during the period. Resolution Capital Ltd lifted its position in Simon Property Group by 45.8% during the first quarter. Resolution Capital Ltd now owns 1,799,574 shares of the real estate investment trust’s stock valued at $298,873,000 after buying an additional 565,084 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Simon Property Group during the 2nd quarter valued at $68,013,000. Finally, Acadian Asset Management LLC grew its position in shares of Simon Property Group by 354.5% in the 1st quarter. Acadian Asset Management LLC now owns 530,630 shares of the real estate investment trust’s stock worth $88,115,000 after buying an additional 413,871 shares during the period. Institutional investors own 93.01% of the company’s stock.

Insiders Place Their Bets

In other Simon Property Group news, Director Stefan M. Selig acquired 195 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The shares were bought at an average price of $185.95 per share, with a total value of $36,260.25. Following the completion of the acquisition, the director owned 32,076 shares in the company, valued at $5,964,532.20. This represents a 0.61% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel C. Smith purchased 335 shares of the company’s stock in a transaction dated Tuesday, September 30th. The shares were acquired at an average price of $185.95 per share, for a total transaction of $62,293.25. Following the purchase, the director directly owned 32,333 shares in the company, valued at approximately $6,012,321.35. The trade was a 1.05% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 2,121 shares of company stock worth $394,400 in the last 90 days. Insiders own 8.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SPG shares. JPMorgan Chase & Co. lifted their price target on shares of Simon Property Group from $180.00 to $184.00 and gave the company a “neutral” rating in a research report on Friday, August 22nd. Argus restated a “buy” rating and issued a $185.00 price objective on shares of Simon Property Group in a report on Friday, September 5th. Scotiabank lifted their target price on shares of Simon Property Group from $173.00 to $186.00 and gave the company a “sector perform” rating in a report on Thursday. Evercore ISI boosted their price target 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. Finally, Truist Financial raised their price objective on Simon Property Group from $168.00 to $169.00 and gave the company a “hold” rating in a research report on Monday, August 25th. Five equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Simon Property Group presently has a consensus rating of “Hold” and a consensus price target of $189.85.

Simon Property Group Stock Performance

NYSE SPG traded up $0.12 during trading hours on Monday, hitting $182.85. The company’s stock had a trading volume of 310,837 shares, compared to its average volume of 1,613,004. Simon Property Group, Inc. has a 12 month low of $136.34 and a 12 month high of $190.13. The company’s 50 day simple moving average is $180.74 and its two-hundred day simple moving average is $170.67. The company has a debt-to-equity ratio of 9.05, a current ratio of 1.23 and a quick ratio of 1.23. The company has a market cap of $59.69 billion, a P/E ratio of 28.22, a price-to-earnings-growth ratio of 12.73 and a beta of 1.50.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the firm posted $3.05 EPS. The business’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. As a group, sell-side analysts expect that Simon Property Group, Inc. will post 12.54 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be issued a $2.20 dividend. This is an increase from Simon Property Group’s previous quarterly dividend of $2.15. This represents a $8.80 annualized dividend and a yield of 4.8%. The ex-dividend date is Wednesday, December 10th. Simon Property Group’s dividend payout ratio is 128.09%.

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.