Van Lanschot Kempen Investment Management N.V. Has $13.85 Million Stock Holdings in Simon Property Group, Inc. (NYSE:SPG)

Van Lanschot Kempen Investment Management N.V. trimmed its holdings in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 41.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 80,422 shares of the real estate investment trust's stock after selling 57,812 shares during the quarter. Van Lanschot Kempen Investment Management N.V.'s holdings in Simon Property Group were worth $13,849,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SPG. Hopwood Financial Services Inc. acquired a new position in Simon Property Group during the 4th quarter worth approximately $28,000. WR Wealth Planners LLC grew its position in shares of Simon Property Group by 328.2% during the 4th quarter. WR Wealth Planners LLC now owns 167 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 128 shares in the last quarter. New England Capital Financial Advisors LLC bought a new stake in shares of Simon Property Group during the 4th quarter worth approximately $30,000. Caisse Des Depots ET Consignations bought a new stake in shares of Simon Property Group during the 4th quarter worth approximately $31,000. Finally, TCTC Holdings LLC bought a new position in Simon Property Group in the 4th quarter valued at approximately $34,000. 93.01% of the stock is owned by institutional investors.

Simon Property Group Trading Up 0.3 %

NYSE:SPG traded up $0.49 during trading hours on Friday, hitting $156.69. The company had a trading volume of 1,421,754 shares, compared to its average volume of 1,515,281. The company has a market cap of $51.12 billion, a P/E ratio of 21.58, a P/E/G ratio of 10.10 and a beta of 1.45. The company has a current ratio of 1.28, a quick ratio of 2.00 and a debt-to-equity ratio of 7.19. Simon Property Group, Inc. has a 1 year low of $136.34 and a 1 year high of $190.14. The company has a 50-day moving average of $163.73 and a 200 day moving average of $172.09.

Simon Property Group (NYSE:SPG - Get Free Report) last issued its earnings results on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share for the quarter, topping the consensus estimate of $1.98 by $1.70. Simon Property Group had a return on equity of 74.02% and a net margin of 41.49%. Sell-side analysts expect that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were paid a dividend of $2.10 per share. The ex-dividend date was Monday, March 10th. This represents a $8.40 annualized dividend and a yield of 5.36%. Simon Property Group's dividend payout ratio is currently 115.70%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SPG shares. Piper Sandler raised Simon Property Group from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $175.00 to $205.00 in a research report on Wednesday, February 5th. Stifel Nicolaus raised Simon Property Group from a "hold" rating to a "buy" rating and set a $168.50 price objective for the company in a report on Wednesday, April 9th. StockNews.com downgraded Simon Property Group from a "buy" rating to a "hold" rating in a research report on Saturday, March 29th. Jefferies Financial Group raised Simon Property Group from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $179.00 to $198.00 in a report on Thursday, January 2nd. Finally, Scotiabank cut their target price on Simon Property Group from $186.00 to $159.00 and set a "sector perform" rating for the company in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $178.39.

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.