91,450 Simon Property Group, Inc. $SPG Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its stake in Simon Property Group, Inc. (NYSE:SPG) by 72.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,618 shares of the real estate investment trust’s stock after selling 91,450 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Simon Property Group were worth $6,950,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ancora Advisors LLC purchased a new stake in Simon Property Group during the second quarter valued at about $27,000. Osbon Capital Management LLC purchased a new position in shares of Simon Property Group in the 2nd quarter worth about $32,000. Fiduciary Financial Advisors purchased a new position in shares of Simon Property Group in the 2nd quarter worth about $34,000. N.E.W. Advisory Services LLC boosted its holdings in shares of Simon Property Group by 335.0% in the 2nd quarter. N.E.W. Advisory Services LLC now owns 174 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 134 shares in the last quarter. Finally, WPG Advisers LLC increased its position in shares of Simon Property Group by 40.3% during the 2nd quarter. WPG Advisers LLC now owns 181 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 52 shares during the last quarter. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SPG has been the topic of a number of research reports. Stifel Nicolaus raised their price objective on Simon Property Group from $194.00 to $209.00 and gave the company a “hold” rating in a report on Tuesday, August 11th. Evercore set a $216.00 target price on Simon Property Group in a research note on Monday, September 21st. Truist Financial initiated coverage on shares of Simon Property Group in a research report on Friday, October 2nd. They set a “hold” rating and a $215.00 price target on the stock. UBS Group reduced their price target on shares of Simon Property Group from $222.00 to $205.00 and set a “neutral” rating on the stock in a research report on Friday, October 9th. Finally, Citigroup lifted their price target on shares of Simon Property Group from $205.00 to $230.00 and gave the stock a “neutral” rating in a research note on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $224.07.

Simon Property Group Stock Down 0.1%

SPG opened at $211.85 on Friday. Simon Property Group, Inc. has a 12 month low of $172.19 and a 12 month high of $238.50. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 5.19. The business’s 50-day moving average price is $207.72 and its 200-day moving average price is $211.24. The company has a market cap of $68.54 billion, a P/E ratio of 14.94, a P/E/G ratio of 3.26 and a beta of 1.30.

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

Simon Property Group Dividend Announcement

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

Insider Buying and Selling

In other news, Director Stefan M. Selig purchased 208 shares of the business’s stock in a transaction on Wednesday, September 30th. The shares were acquired at an average price of $202.78 per share, with a total value of $42,178.24. Following the acquisition, the director directly owned 34,020 shares in the company, valued at approximately $6,898,575.60. The trade was a 0.62% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Daniel C. Smith acquired 350 shares of the firm’s stock in a transaction on Wednesday, September 30th. The stock was purchased at an average price of $202.78 per share, for a total transaction of $70,973.00. Following the transaction, the director directly owned 34,830 shares of the company’s stock, valued at approximately $7,062,827.40. This trade represents a 1.02% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 1,668 shares of company stock valued at $338,237 over the last quarter. Company insiders own 8.73% of the company’s stock.

Simon Property Group 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.