Simon Property Group, Inc. (NYSE:SPG) Shares Sold by Pensionfund DSM Netherlands

Pensionfund DSM Netherlands decreased its stake in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 25.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,708 shares of the real estate investment trust's stock after selling 15,000 shares during the quarter. Simon Property Group comprises about 4.8% of Pensionfund DSM Netherlands' portfolio, making the stock its 4th largest holding. Pensionfund DSM Netherlands' holdings in Simon Property Group were worth $7,699,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in Simon Property Group by 13.4% in the fourth quarter. GAMMA Investing LLC now owns 5,331 shares of the real estate investment trust's stock worth $918,000 after purchasing an additional 630 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Simon Property Group by 72.8% in the fourth quarter. Versant Capital Management Inc now owns 999 shares of the real estate investment trust's stock worth $172,000 after buying an additional 421 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in Simon Property Group during the 3rd quarter worth about $1,144,000. Inspire Trust Co. N.A. increased its holdings in Simon Property Group by 8.7% in the 3rd quarter. Inspire Trust Co. N.A. now owns 12,500 shares of the real estate investment trust's stock worth $2,113,000 after buying an additional 1,000 shares during the period. Finally, Synovus Financial Corp increased its stake in shares of Simon Property Group by 50.7% in the third quarter. Synovus Financial Corp now owns 2,607 shares of the real estate investment trust's stock worth $440,000 after acquiring an additional 877 shares during the period. 93.01% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Reuben S. Leibowitz bought 465 shares of the firm's stock in a transaction dated Monday, December 30th. The stock was bought at an average cost of $168.59 per share, for a total transaction of $78,394.35. Following the transaction, the director now owns 55,919 shares of the company's stock, valued at $9,427,384.21. This represents a 0.84 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 8.50% of the stock is currently owned by corporate insiders.

Simon Property Group Stock Down 1.1 %

NYSE:SPG traded down $1.94 during trading hours on Monday, hitting $174.13. 2,050,677 shares of the stock traded hands, compared to its average volume of 1,367,492. Simon Property Group, Inc. has a fifty-two week low of $135.15 and a fifty-two week high of $186.00. The firm has a market cap of $56.81 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 10.50 and a beta of 1.75. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 8.20. The firm has a 50 day moving average price of $177.07 and a 200 day moving average price of $166.20.

Simon Property Group (NYSE:SPG - Get Free Report) last posted its earnings results on Friday, November 1st. The real estate investment trust reported $1.46 EPS for the quarter, missing the consensus estimate of $3.00 by ($1.54). Simon Property Group had a return on equity of 76.21% and a net margin of 43.36%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the firm earned $3.20 earnings per share. The business's revenue was up 4.9% on a year-over-year basis. Equities research analysts anticipate that Simon Property Group, Inc. will post 12.76 earnings per share for the current year.

Simon Property Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were paid a $2.10 dividend. This is a positive change from Simon Property Group's previous quarterly dividend of $2.05. The ex-dividend date was Monday, December 9th. This represents a $8.40 annualized dividend and a yield of 4.82%. Simon Property Group's payout ratio is currently 111.85%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Mizuho raised their price target on shares of Simon Property Group from $158.00 to $182.00 and gave the company a "neutral" rating in a research report on Wednesday, December 4th. Evercore ISI upgraded shares of Simon Property Group from an "in-line" rating to an "outperform" rating and increased their target price for the company from $160.00 to $172.00 in a research report on Monday, September 16th. Jefferies Financial Group upgraded Simon Property Group from a "hold" rating to a "buy" rating and upped their target price for the company from $179.00 to $198.00 in a report on Thursday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Simon Property Group in a research report on Tuesday, December 17th. They set a "hold" rating and a $195.00 price target on the stock. Finally, StockNews.com lowered shares of Simon Property Group from a "buy" rating to a "hold" rating in a research note on Thursday, October 10th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Simon Property Group presently has an average rating of "Hold" and a consensus target price of $172.10.

Simon Property Group Profile

Simon Property Group, Inc NYSE: SPG is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc, the Operating Partnership, and its subsidiaries.