Robeco Institutional Asset Management B.V. Has $245,000 Position in Simon Property Group, Inc. (NYSE:SPG)

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 19.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 188,079 shares of the real estate investment trust's stock after selling 44,178 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.06% of Simon Property Group worth $245,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Private Advisor Group LLC lifted its holdings in Simon Property Group by 2.7% during the 3rd quarter. Private Advisor Group LLC now owns 22,108 shares of the real estate investment trust's stock worth $2,388,000 after purchasing an additional 589 shares in the last quarter. Signaturefd LLC lifted its holdings in Simon Property Group by 7.1% in the 3rd quarter. Signaturefd LLC now owns 4,772 shares of the real estate investment trust's stock worth $516,000 after buying an additional 318 shares during the period. NBC Securities Inc. purchased a new stake in Simon Property Group in the 3rd quarter worth approximately $310,000. Achmea Investment Management B.V. lifted its stake in shares of Simon Property Group by 45.9% in the 3rd quarter. Achmea Investment Management B.V. now owns 56,376 shares of the real estate investment trust's stock valued at $6,090,000 after purchasing an additional 17,728 shares during the period. Finally, Lincoln National Corp lifted its stake in shares of Simon Property Group by 7.3% in the 3rd quarter. Lincoln National Corp now owns 2,499 shares of the real estate investment trust's stock valued at $270,000 after purchasing an additional 170 shares during the period. 93.01% of the stock is currently owned by institutional investors.

Simon Property Group Stock Up 2.2 %

Shares of Simon Property Group stock traded up $3.22 during trading on Friday, hitting $147.88. 1,410,906 shares of the stock were exchanged, compared to its average volume of 1,358,638. The stock has a market cap of $48.20 billion, a price-to-earnings ratio of 18.84, a price-to-earnings-growth ratio of 8.58 and a beta of 1.68. The firm's 50-day moving average price is $147.40 and its 200 day moving average price is $142.21. Simon Property Group, Inc. has a 12-month low of $100.17 and a 12-month high of $157.82. The company has a debt-to-equity ratio of 7.20, a current ratio of 2.19 and a quick ratio of 2.19.

Simon Property Group (NYSE:SPG - Get Free Report) last issued its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $2.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.80 by ($0.55). The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.31 billion. Simon Property Group had a return on equity of 78.50% and a net margin of 46.49%. The company's revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.74 earnings per share. As a group, analysts forecast that Simon Property Group, Inc. will post 12.87 earnings per share for the current fiscal year.

Simon Property Group announced that its board has authorized a stock buyback program on Thursday, February 8th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the real estate investment trust to reacquire up to 4.2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

Simon Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a dividend of $2.00 per share. This is an increase from Simon Property Group's previous quarterly dividend of $1.95. The ex-dividend date is Friday, June 7th. This represents a $8.00 annualized dividend and a yield of 5.41%. Simon Property Group's payout ratio is 99.36%.

Wall Street Analysts Forecast Growth

SPG has been the subject of a number of research analyst reports. Truist Financial lifted their target price on Simon Property Group from $139.00 to $147.00 and gave the stock a "hold" rating in a report on Friday, March 22nd. Scotiabank boosted their target price on Simon Property Group from $142.00 to $152.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 16th. StockNews.com raised Simon Property Group from a "hold" rating to a "buy" rating in a research note on Thursday, April 18th. Evercore ISI boosted their price objective on Simon Property Group from $142.00 to $150.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 28th. Finally, Morgan Stanley upped their target price on Simon Property Group from $143.00 to $145.00 and gave the company an "equal weight" rating in a research note on Monday, February 26th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Simon Property Group presently has an average rating of "Moderate Buy" and a consensus price target of $141.40.

Simon Property Group Company Profile

Simon is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.