Lbp Am Sa Sells 9,046 Shares of Simon Property Group, Inc. $SPG

Lbp Am Sa reduced its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 8.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,951 shares of the real estate investment trust’s stock after selling 9,046 shares during the period. Lbp Am Sa’s holdings in Simon Property Group were worth $18,570,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Trust Co. of Toledo NA OH purchased a new stake in Simon Property Group in the 2nd quarter worth approximately $25,000. Silicon Valley Capital Partners bought a new position in shares of Simon Property Group during the second quarter valued at approximately $30,000. VSM Wealth Advisory LLC bought a new position in shares of Simon Property Group during the second quarter valued at approximately $30,000. Salomon & Ludwin LLC purchased a new stake in Simon Property Group in the third quarter worth $39,000. Finally, City Holding Co. bought a new stake in Simon Property Group in the third quarter valued at $40,000. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Insider Buying and Selling at Simon Property Group

In other news, Director Larry C. Glasscock purchased 363 shares of Simon Property Group stock in a transaction that occurred on Wednesday, December 31st. The stock was bought at an average price of $186.00 per share, with a total value of $67,518.00. Following the completion of the transaction, the director directly owned 43,899 shares of the company’s stock, valued at approximately $8,165,214. The trade was a 0.83% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gary M. Rodkin acquired 226 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The stock was purchased at an average price of $186.00 per share, with a total value of $42,036.00. Following the completion of the acquisition, the director owned 19,455 shares in the company, valued at $3,618,630. The trade was a 1.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 2,192 shares of company stock worth $407,712 in the last 90 days. Insiders own 8.60% of the company’s stock.

Simon Property Group Stock Performance

Shares of SPG opened at $184.83 on Monday. Simon Property Group, Inc. has a 52 week low of $136.34 and a 52 week high of $190.13. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 9.59. The stock has a market cap of $60.34 billion, a P/E ratio of 26.90, a P/E/G ratio of 6.85 and a beta of 1.37. The business’s 50 day moving average price is $184.23 and its 200-day moving average price is $178.77.

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

Simon Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th were given a dividend of $2.20 per share. This is a positive change 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 yield of 4.8%. Simon Property Group’s payout ratio is currently 128.09%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SPG shares. Deutsche Bank Aktiengesellschaft raised shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a research report on Tuesday, January 20th. Stifel Nicolaus increased their price target on shares of Simon Property Group from $179.00 to $184.00 and gave the stock a “hold” rating in a research note on Tuesday, November 4th. UBS Group lifted their price objective on Simon Property Group from $180.00 to $189.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Scotiabank upped their target price on Simon Property Group from $186.00 to $189.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 14th. Finally, Truist Financial raised their target price on Simon Property Group from $169.00 to $181.00 and gave the company a “hold” rating in a research note on Wednesday, December 17th. Six equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $194.64.

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.