Achmea Investment Management B.V. Has $21.57 Million Holdings in Simon Property Group, Inc. (NYSE:SPG)

Achmea Investment Management B.V. increased its holdings in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 32.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,886 shares of the real estate investment trust's stock after buying an additional 32,145 shares during the period. Achmea Investment Management B.V.'s holdings in Simon Property Group were worth $21,572,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in SPG. Farther Finance Advisors LLC grew its holdings in shares of Simon Property Group by 31.1% during the 1st quarter. Farther Finance Advisors LLC now owns 3,325 shares of the real estate investment trust's stock worth $553,000 after purchasing an additional 789 shares in the last quarter. Brighton Jones LLC bought a new stake in Simon Property Group during the fourth quarter worth about $295,000. PNC Financial Services Group Inc. grew its stake in Simon Property Group by 7.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 361,893 shares of the real estate investment trust's stock worth $62,322,000 after buying an additional 25,987 shares in the last quarter. USA Financial Formulas bought a new position in Simon Property Group in the 1st quarter valued at about $717,000. Finally, Independent Advisor Alliance raised its position in shares of Simon Property Group by 4.0% in the 4th quarter. Independent Advisor Alliance now owns 69,454 shares of the real estate investment trust's stock valued at $11,961,000 after buying an additional 2,661 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors.

Simon Property Group Stock Performance

Shares of Simon Property Group stock opened at $160.70 on Friday. The stock has a market cap of $52.45 billion, a price-to-earnings ratio of 25.59, a P/E/G ratio of 8.78 and a beta of 1.47. Simon Property Group, Inc. has a twelve month low of $136.34 and a twelve month high of $190.14. The company's fifty day moving average is $159.47 and its 200 day moving average is $167.03. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 8.29.

Simon Property Group (NYSE:SPG - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The real estate investment trust reported $2.95 EPS for the quarter, topping analysts' consensus estimates of $2.91 by $0.04. Simon Property Group had a return on equity of 67.32% and a net margin of 35.98%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the firm earned $3.56 earnings per share. The firm's quarterly revenue was up 2.1% on a year-over-year basis. Sell-side analysts forecast that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 9th will be paid a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date is Monday, June 9th. Simon Property Group's dividend payout ratio is presently 133.76%.

Analyst Upgrades and Downgrades

SPG has been the topic of a number of research analyst reports. Stifel Nicolaus raised their target price on Simon Property Group from $168.50 to $180.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Piper Sandler decreased their target price on Simon Property Group from $205.00 to $200.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. Wall Street Zen downgraded Simon Property Group from a "buy" rating to a "hold" rating in a research note on Saturday, March 29th. Scotiabank increased their target price on shares of Simon Property Group from $159.00 to $163.00 and gave the stock a "sector perform" rating in a report on Tuesday, June 17th. Finally, Mizuho decreased their price target on shares of Simon Property Group from $182.00 to $169.00 and set a "neutral" rating on the stock in a report on Tuesday, June 10th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Simon Property Group presently has an average rating of "Hold" and an average price target of $179.44.

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.

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