Simon Property Group, Inc. (NYSE:SPG) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its stake in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 54.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 239,959 shares of the real estate investment trust's stock after selling 283,339 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.07% of Simon Property Group worth $41,323,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of SPG. Aptus Capital Advisors LLC lifted its position in shares of Simon Property Group by 3.9% during the third quarter. Aptus Capital Advisors LLC now owns 1,615 shares of the real estate investment trust's stock worth $273,000 after purchasing an additional 61 shares during the last quarter. Inspire Advisors LLC lifted its position in shares of Simon Property Group by 1.6% during the third quarter. Inspire Advisors LLC now owns 4,118 shares of the real estate investment trust's stock worth $696,000 after purchasing an additional 65 shares during the last quarter. Carnegie Investment Counsel lifted its position in shares of Simon Property Group by 4.3% during the fourth quarter. Carnegie Investment Counsel now owns 1,569 shares of the real estate investment trust's stock worth $270,000 after purchasing an additional 65 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Simon Property Group by 2.8% during the fourth quarter. UMB Bank n.a. now owns 2,391 shares of the real estate investment trust's stock worth $412,000 after purchasing an additional 66 shares during the last quarter. Finally, Groupama Asset Managment lifted its position in shares of Simon Property Group by 0.9% during the third quarter. Groupama Asset Managment now owns 7,721 shares of the real estate investment trust's stock worth $1,305,000 after purchasing an additional 67 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. StockNews.com downgraded Simon Property Group from a "buy" rating to a "hold" rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft assumed coverage on Simon Property Group in a report on Tuesday, December 17th. They issued a "hold" rating and a $195.00 price objective for the company. Jefferies Financial Group upgraded Simon Property Group from a "hold" rating to a "buy" rating and lifted their price objective for the company from $179.00 to $198.00 in a report on Thursday, January 2nd. Finally, Mizuho lifted their price objective on Simon Property Group from $158.00 to $182.00 and gave the company a "neutral" rating in a report on Wednesday, December 4th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $172.10.

Insider Transactions at Simon Property Group

In other news, Director Reuben S. Leibowitz bought 465 shares of the company's stock in a transaction that occurred on Monday, December 30th. The shares were purchased at an average price of $168.59 per share, for a total transaction of $78,394.35. Following the completion of the transaction, the director now directly owns 55,919 shares in the company, valued at approximately $9,427,384.21. This represents a 0.84 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 8.50% of the company's stock.

Simon Property Group Stock Up 1.4 %

SPG traded up $2.46 on Thursday, hitting $176.09. The company had a trading volume of 214,223 shares, compared to its average volume of 1,219,311. Simon Property Group, Inc. has a 12-month low of $135.15 and a 12-month high of $186.00. The stock has a market capitalization of $57.45 billion, a price-to-earnings ratio of 23.45, a P/E/G ratio of 9.26 and a beta of 1.75. The company has a debt-to-equity ratio of 8.20, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a fifty day moving average price of $176.35 and a 200-day moving average price of $169.34.

Simon Property Group (NYSE:SPG - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The real estate investment trust reported $1.46 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter in the previous year, the firm posted $3.20 EPS. Simon Property Group's revenue was up 4.9% on a year-over-year basis. Analysts predict that Simon Property Group, Inc. will post 12.72 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were paid a dividend of $2.10 per share. This is a positive change from Simon Property Group's previous quarterly dividend of $2.05. The ex-dividend date of this dividend was Monday, December 9th. This represents a $8.40 dividend on an annualized basis and a dividend yield of 4.77%. Simon Property Group's payout ratio is presently 111.85%.

About Simon Property Group

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.