Simon Property Group, Inc. $SPG Shares Sold by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. trimmed its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 17.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 124,917 shares of the real estate investment trust’s stock after selling 25,804 shares during the quarter. Van Lanschot Kempen Investment Management N.V.’s holdings in Simon Property Group were worth $23,123,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Stance Capital LLC acquired a new stake in Simon Property Group during the 3rd quarter worth approximately $26,000. Tompkins Financial Corp acquired a new stake in Simon Property Group during the 4th quarter worth approximately $42,000. Cullen Frost Bankers Inc. lifted its position in Simon Property Group by 79.3% during the 4th quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 111 shares during the period. Camelot Portfolios LLC acquired a new stake in Simon Property Group during the 4th quarter worth approximately $53,000. Finally, Sfam LLC acquired a new stake in Simon Property Group during the 4th quarter worth approximately $57,000. 93.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on SPG shares. Stifel Nicolaus raised their price target on Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a report on Tuesday, May 12th. Truist Financial raised their price target on Simon Property Group from $181.00 to $196.00 and gave the company a “hold” rating in a report on Monday, March 2nd. Weiss Ratings cut Simon Property Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, June 1st. JPMorgan Chase & Co. raised their price target on Simon Property Group from $210.00 to $217.00 and gave the company a “neutral” rating in a report on Monday, June 1st. Finally, UBS Group raised their price target on Simon Property Group from $189.00 to $199.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Five research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Simon Property Group has a consensus rating of “Hold” and a consensus target price of $205.79.

Simon Property Group Stock Up 1.8%

SPG opened at $218.79 on Friday. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84. The business has a 50 day simple moving average of $203.01 and a 200-day simple moving average of $193.75. The stock has a market capitalization of $70.95 billion, a P/E ratio of 15.20, a P/E/G ratio of 3.88 and a beta of 1.31. Simon Property Group, Inc. has a 12 month low of $155.44 and a 12 month high of $220.44.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Monday, May 11th. The real estate investment trust reported $1.48 EPS for the quarter, beating the consensus estimate of $1.46 by $0.02. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period last year, the firm earned $2.95 EPS. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. On average, equities analysts anticipate that Simon Property Group, Inc. will post 13.2 earnings per share for the current fiscal year.

Simon Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be paid a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, June 9th. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. Simon Property Group’s dividend payout ratio (DPR) is 62.54%.

About Simon Property Group

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.