B&I Capital AG Has $10.14 Million Stock Holdings in Simon Property Group, Inc. $SPG

B&I Capital AG cut its holdings in Simon Property Group, Inc. (NYSE:SPG) by 6.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,035 shares of the real estate investment trust’s stock after selling 3,710 shares during the quarter. Simon Property Group makes up 3.5% of B&I Capital AG’s holdings, making the stock its 9th biggest holding. B&I Capital AG’s holdings in Simon Property Group were worth $10,141,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC acquired a new stake in shares of Simon Property Group in the 4th quarter valued at approximately $295,000. Janney Montgomery Scott LLC increased its position in Simon Property Group by 87.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 131,791 shares of the real estate investment trust’s stock worth $21,187,000 after purchasing an additional 61,505 shares in the last quarter. Truist Financial Corp lifted its stake in Simon Property Group by 3.0% in the 2nd quarter. Truist Financial Corp now owns 39,433 shares of the real estate investment trust’s stock valued at $6,339,000 after purchasing an additional 1,157 shares during the last quarter. BSW Wealth Partners boosted its position in Simon Property Group by 10.3% in the second quarter. BSW Wealth Partners now owns 1,575 shares of the real estate investment trust’s stock valued at $253,000 after buying an additional 147 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in Simon Property Group by 41.1% in the second quarter. Robeco Institutional Asset Management B.V. now owns 485,083 shares of the real estate investment trust’s stock valued at $77,982,000 after buying an additional 141,381 shares in the last quarter. Institutional investors own 93.01% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Scotiabank boosted their price objective on Simon Property Group from $186.00 to $189.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Simon Property Group in a research note on Friday, January 9th. Barclays reaffirmed a “positive” rating and issued a $188.00 price objective on shares of Simon Property Group in a research note on Tuesday, January 13th. Stifel Nicolaus raised their price objective on shares of Simon Property Group from $179.00 to $184.00 and gave the company a “hold” rating in a report on Tuesday, November 4th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a research report on Tuesday, January 20th. Six equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Simon Property Group presently has a consensus rating of “Hold” and a consensus price target of $194.64.

Insider Buying and Selling

In other Simon Property Group news, Director Larry C. Glasscock bought 363 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The shares were bought at an average price of $186.00 per share, for a total transaction of $67,518.00. Following the transaction, the director directly owned 43,899 shares in the company, valued at approximately $8,165,214. This trade represents a 0.83% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel C. Smith bought 347 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The shares were acquired at an average cost of $186.00 per share, with a total value of $64,542.00. Following the purchase, the director directly owned 32,680 shares of the company’s stock, valued at $6,078,480. This trade represents a 1.07% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 2,192 shares of company stock worth $407,712 over the last three months. Insiders own 8.66% of the company’s stock.

Simon Property Group Stock Up 0.8%

Simon Property Group stock opened at $191.34 on Friday. The company has a debt-to-equity ratio of 9.59, a quick ratio of 1.44 and a current ratio of 1.44. Simon Property Group, Inc. has a 52-week low of $136.34 and a 52-week high of $192.25. The firm has a 50 day moving average price of $184.80 and a two-hundred day moving average price of $179.40. The firm has a market cap of $62.47 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 7.04 and a beta of 1.37.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $3.22 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.13. Simon Property Group had a net margin of 38.18% and a return on equity of 79.30%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the firm posted $3.05 EPS. The company’s quarterly revenue was up 8.2% on a year-over-year basis. Simon Property Group has set its FY 2025 guidance at 12.600-12.700 EPS. Equities analysts predict that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th were given a $2.20 dividend. This is a boost from Simon Property Group’s previous quarterly dividend of $2.15. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $8.80 annualized dividend and a dividend yield of 4.6%. Simon Property Group’s dividend payout ratio is 128.09%.

Simon Property Group Profile

Simon Property Group, Inc (NYSE: SPG) is a publicly traded real estate investment trust (REIT) that owns, develops and manages retail real estate properties. Its core business activities include acquisition, development, leasing and property management of regional malls, outlet centers and mixed?use retail destinations. The company operates retail brands that include high?profile regional shopping centers and the Premium Outlets platform, and it provides services such as tenant leasing, marketing, property operations and capital projects to optimize asset performance.

Simon’s portfolio spans a broad mix of enclosed malls, open?air centers, outlet properties and mixed?use developments, and the company pursues redevelopment and repositioning to adapt properties to changing consumer and retail trends.