Robeco Institutional Asset Management B.V. Has $77.98 Million Stake in Simon Property Group, Inc. $SPG

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in Simon Property Group by 41.1%, owning 485,083 shares worth approximately $77.98 million as of the end of the most recent quarter.
• Simon Property Group reported a net margin of 36.78% and a return on equity of 72.38% for the last quarter, with earnings surpassing analysts' consensus estimates.
• The company recently announced a dividend increase from $2.10 to $2.15 per share, reflecting a positive change in its shareholder returns.

Robeco Institutional Asset Management B.V. grew its holdings in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 41.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 485,083 shares of the real estate investment trust's stock after acquiring an additional 141,381 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.15% of Simon Property Group worth $77,982,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SPG. Park Square Financial Group LLC raised its stake in Simon Property Group by 108.0% during the first 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 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 worth $28,000 after acquiring an additional 111 shares in the last quarter. Continuum Advisory LLC raised its stake in 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 worth $32,000 after acquiring an additional 156 shares in the last quarter. WPG Advisers LLC acquired a new position in shares of Simon Property Group in the first quarter valued at approximately $47,000. Finally, Grove Bank & Trust increased 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 buying an additional 266 shares during the period. Institutional investors and hedge funds own 93.01% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SPG. Barclays began coverage on Simon Property Group in a research note on Wednesday, July 2nd. They issued an "equal weight" rating and a $170.00 price objective for the company. Argus reaffirmed a "buy" rating and issued a $185.00 price objective on shares of Simon Property Group in a research note on Friday, September 5th. Truist Financial upped their price objective on Simon Property Group from $168.00 to $169.00 and gave the company a "hold" rating in a research note on Monday, August 25th. LADENBURG THALM/SH SH began coverage on Simon Property Group in a research note on Friday, July 18th. They issued a "buy" rating and a $225.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their price objective on Simon Property Group from $180.00 to $184.00 and gave the company a "neutral" rating in a research note on Friday, August 22nd. Four analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Simon Property Group currently has a consensus rating of "Hold" and a consensus price target of $186.46.

Insider Activity at Simon Property Group

In related news, Director Glyn Aeppel acquired 208 shares of Simon Property Group stock in a transaction dated Tuesday, September 30th. The stock was bought at an average price of $185.95 per share, with a total value of $38,677.60. Following the transaction, the director directly owned 19,265 shares in the company, valued at $3,582,326.75. This represents a 1.09% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Stefan M. Selig acquired 195 shares of Simon Property Group stock in a transaction dated Tuesday, September 30th. The shares were bought at an average cost of $185.95 per share, with a total value of $36,260.25. Following the transaction, the director owned 32,076 shares in the company, valued at approximately $5,964,532.20. This trade represents a 0.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 2,163 shares of company stock worth $401,605. Corporate insiders own 8.66% of the company's stock.

Simon Property Group Stock Performance

NYSE:SPG opened at $185.05 on Friday. The company has a market capitalization of $60.42 billion, a PE ratio of 28.60, a P/E/G ratio of 11.25 and a beta of 1.50. The company has a 50 day simple moving average of $176.41 and a two-hundred 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, Inc. has a fifty-two week low of $136.34 and a fifty-two week high of $190.13.

Simon Property Group (NYSE:SPG - Get Free Report) last released its earnings results on Monday, August 4th. The real estate investment trust reported $3.05 earnings per share for the quarter, beating analysts' consensus estimates of $3.04 by $0.01. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.40 billion. Simon Property Group had a net margin of 36.78% and a return on equity of 72.38%. The company's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.90 EPS. Simon Property Group has set its FY 2025 guidance at 12.450-12.650 EPS. Research analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 9th were given a dividend of $2.15 per share. This is a positive change from Simon Property Group's previous quarterly dividend of $2.10. The ex-dividend date of this dividend was Tuesday, September 9th. This represents a $8.60 annualized dividend and a dividend yield of 4.6%. Simon Property Group's payout ratio is 132.92%.

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.

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