Van Lanschot Kempen Investment Management N.V. Purchases 21,282 Shares of Simon Property Group, Inc. $SPG

Key Points

• Van Lanschot Kempen Investment Management N.V. increased its position in Simon Property Group, acquiring an additional 21,282 shares for a total of 101,704 shares, representing a 26.5% increase.
• Simon Property Group recently reported $3.05 earnings per share for the quarter, exceeding estimates, with a year-over-year revenue increase of 13.9%.
• The company announced a quarterly dividend of $2.15 per share, up from $2.10, reflecting a 4.9% yield and a dividend payout ratio of 129.83%.

Van Lanschot Kempen Investment Management N.V. increased its position in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 26.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,704 shares of the real estate investment trust's stock after purchasing an additional 21,282 shares during the quarter. Van Lanschot Kempen Investment Management N.V.'s holdings in Simon Property Group were worth $16,891,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SPG. Colonial Trust Co SC increased its holdings in shares of Simon Property Group by 37.5% during the fourth quarter. Colonial Trust Co SC now owns 209 shares of the real estate investment trust's stock worth $36,000 after buying an additional 57 shares in the last quarter. Sumitomo Life Insurance Co. grew its position in Simon Property Group by 1.6% during the 1st quarter. Sumitomo Life Insurance Co. now owns 4,471 shares of the real estate investment trust's stock worth $743,000 after acquiring an additional 70 shares during the last quarter. Aspiriant LLC increased its holdings in Simon Property Group by 1.3% during the 1st quarter. Aspiriant LLC now owns 5,851 shares of the real estate investment trust's stock valued at $972,000 after purchasing an additional 74 shares in the last quarter. DoubleLine ETF Adviser LP raised its position in Simon Property Group by 0.3% in the 4th quarter. DoubleLine ETF Adviser LP now owns 21,970 shares of the real estate investment trust's stock valued at $3,783,000 after purchasing an additional 75 shares during the last quarter. Finally, HighPoint Advisor Group LLC raised its position in Simon Property Group by 2.2% in the 1st quarter. HighPoint Advisor Group LLC now owns 3,471 shares of the real estate investment trust's stock valued at $544,000 after purchasing an additional 75 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Simon Property Group Price Performance

Shares of SPG stock opened at $174.7640 on Wednesday. The firm has a market cap of $57.06 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 11.57 and a beta of 1.48. Simon Property Group, Inc. has a 12 month low of $136.34 and a 12 month high of $190.13. 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 stock has a 50-day moving average price of $163.82 and a 200 day moving average price of $164.69.

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

Simon Property Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 9th will be issued a dividend of $2.15 per share. This represents a $8.60 dividend on an annualized basis and a yield of 4.9%. This is an increase from Simon Property Group's previous quarterly dividend of $2.10. The ex-dividend date is Tuesday, September 9th. Simon Property Group's dividend payout ratio (DPR) is 129.83%.

Insider Buying and Selling

In other news, Director Larry C. Glasscock bought 396 shares of the stock in a transaction on Monday, June 30th. The stock was purchased at an average price of $159.29 per share, with a total value of $63,078.84. Following the completion of the purchase, the director owned 43,185 shares of the company's stock, valued at approximately $6,878,938.65. This trade represents a 0.93% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Stefan M. Selig bought 219 shares of the business's stock in a transaction on Monday, June 30th. The stock was purchased at an average price of $159.29 per share, for a total transaction of $34,884.51. Following the completion of the acquisition, the director owned 31,881 shares of the company's stock, valued at approximately $5,078,324.49. This trade represents a 0.69% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 2,428 shares of company stock worth $387,271 over the last quarter. Insiders own 8.60% of the company's stock.

Analysts Set New Price Targets

SPG has been the topic of several research analyst reports. Mizuho decreased their target price on Simon Property Group from $182.00 to $169.00 and set a "neutral" rating on the stock in a report on Tuesday, June 10th. Scotiabank increased their price objective 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. Stifel Nicolaus set a $179.00 price objective on shares of Simon Property Group and gave the company a "buy" rating in a research report on Tuesday, August 5th. LADENBURG THALM/SH SH began coverage on shares of Simon Property Group in a research report on Friday, July 18th. They set a "buy" rating and a $225.00 target price on the stock. Finally, JPMorgan Chase & Co. decreased their price target on shares of Simon Property Group from $192.00 to $180.00 and set a "neutral" rating on the stock in a research note on Thursday, May 22nd. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $182.64.

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.

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