Simon Property Group, Inc. $SPG Holdings Trimmed by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 72.5% during the third quarter, Holdings Channel reports. The firm owned 34,618 shares of the real estate investment trust’s stock after selling 91,450 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Simon Property Group were worth $6,950,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Simon Property Group by 1.2% in the 2nd quarter. BlackRock Inc. now owns 37,269,192 shares of the real estate investment trust’s stock worth $8,335,255,000 after purchasing an additional 455,543 shares during the period. Wellington Management Group LLP boosted its stake in shares of Simon Property Group by 2.7% during the 2nd quarter. Wellington Management Group LLP now owns 9,390,325 shares of the real estate investment trust’s stock valued at $2,100,146,000 after purchasing an additional 242,709 shares in the last quarter. Bank of America Corp DE increased its position in shares of Simon Property Group by 6.1% during the first quarter. Bank of America Corp DE now owns 8,503,133 shares of the real estate investment trust’s stock valued at $1,586,089,000 after buying an additional 491,519 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Simon Property Group by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 4,606,481 shares of the real estate investment trust’s stock valued at $859,209,000 after buying an additional 105,524 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Simon Property Group by 13,579.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,604,590 shares of the real estate investment trust’s stock valued at $806,167,000 after buying an additional 3,578,240 shares during the period. 93.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Reuben Leibowitz purchased 480 shares of the company’s stock in a transaction dated Wednesday, September 30th. The shares were purchased at an average price of $202.78 per share, with a total value of $97,334.40. Following the acquisition, the director directly owned 56,277 shares in the company, valued at $11,411,850.06. The trade was a 0.86% 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 Marta Stewart bought 199 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The stock was bought at an average price of $202.78 per share, for a total transaction of $40,353.22. Following the acquisition, the director directly owned 18,199 shares of the company’s stock, valued at $3,690,393.22. The trade was a 1.11% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 1,668 shares of company stock worth $338,237 in the last three months. 8.73% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SPG has been the subject of a number of research reports. Bank of America increased their price target on shares of Simon Property Group from $225.00 to $236.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Evercore set a $216.00 price objective on Simon Property Group in a research report on Monday, September 21st. BNP Paribas Exane started coverage on Simon Property Group in a report on Friday, October 9th. They set a “neutral” rating and a $222.00 target price on the stock. Barclays reduced their target price on Simon Property Group from $215.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday, September 28th. Finally, Deutsche Bank Aktiengesellschaft lowered Simon Property Group from a “buy” rating to a “hold” rating and set a $220.00 target price for the company. in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $224.07.

Simon Property Group Stock Performance

Simon Property Group stock opened at $211.85 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.19. The company has a market capitalization of $68.54 billion, a P/E ratio of 14.94, a PEG ratio of 3.26 and a beta of 1.30. The stock’s 50 day moving average is $207.72 and its 200 day moving average is $211.24. Simon Property Group, Inc. has a twelve month low of $172.19 and a twelve month high of $238.50.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.15). The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.70 EPS. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. On average, equities research analysts predict that Simon Property Group, Inc. will post 13.24 earnings per share for the current fiscal year.

Simon Property Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a $9.00 annualized dividend and a dividend yield of 4.2%. Simon Property Group’s dividend payout ratio (DPR) is 63.47%.

Simon Property Group Company Profile

Simon Property Group, Inc is a self-administered and self-managed real estate investment trust that owns, develops, and operates premier shopping, dining, entertainment, and mixed-use destinations. Its portfolio includes regional malls, premium outlet centers, and other retail properties designed to serve both local shoppers and visitors.

The company’s properties feature a broad mix of retailers, restaurants, entertainment venues, and experiential offerings. Simon also provides property management, leasing, development, redevelopment, and marketing services associated with its real estate portfolio.

Simon Property Group was formed in 1993 through the combination of the retail real estate interests of the Simon and DeBartolo families.