Van Lanschot Kempen Investment Management N.V. Cuts Stock Position in Simon Property Group, Inc. (NYSE:SPG)

Van Lanschot Kempen Investment Management N.V. lessened its holdings in shares of Simon Property Group, Inc. (NYSE:SPG - Free Report) by 41.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,422 shares of the real estate investment trust's stock after selling 57,812 shares during the quarter. Van Lanschot Kempen Investment Management N.V.'s holdings in Simon Property Group were worth $13,849,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Hopwood Financial Services Inc. purchased a new position in shares of Simon Property Group during the 4th quarter worth approximately $28,000. WR Wealth Planners LLC boosted its position in shares of Simon Property Group by 328.2% during the fourth quarter. WR Wealth Planners LLC now owns 167 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 128 shares in the last quarter. New England Capital Financial Advisors LLC purchased a new stake in Simon Property Group in the fourth quarter worth $30,000. Caisse Des Depots ET Consignations bought a new position in Simon Property Group in the fourth quarter worth $31,000. Finally, TCTC Holdings LLC purchased a new position in Simon Property Group during the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 93.01% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SPG. Scotiabank dropped their price target on Simon Property Group from $186.00 to $159.00 and set a "sector perform" rating on the stock in a research report on Wednesday. Stifel Nicolaus upgraded shares of Simon Property Group from a "hold" rating to a "buy" rating and set a $168.50 price objective for the company in a report on Wednesday, April 9th. Piper Sandler upgraded Simon Property Group from a "neutral" rating to an "overweight" rating and increased their target price for the company from $175.00 to $205.00 in a research note on Wednesday, February 5th. Jefferies Financial Group upgraded Simon Property Group from a "hold" rating to a "buy" rating and boosted their price target for the stock from $179.00 to $198.00 in a research note on Thursday, January 2nd. Finally, StockNews.com cut Simon Property Group from a "buy" rating to a "hold" rating in a research report on Saturday, March 29th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $178.39.

Simon Property Group Stock Performance

SPG stock traded up $3.17 during trading on Thursday, reaching $156.45. The stock had a trading volume of 1,696,030 shares, compared to its average volume of 1,514,603. The firm has a market cap of $51.05 billion, a PE ratio of 21.55, a PEG ratio of 10.10 and a beta of 1.45. The company has a current ratio of 1.28, a quick ratio of 2.00 and a debt-to-equity ratio of 7.19. The stock's 50 day moving average is $164.32 and its two-hundred day moving average is $172.12. Simon Property Group, Inc. has a 52 week low of $136.34 and a 52 week high of $190.14.

Simon Property Group (NYSE:SPG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share for the quarter, topping the consensus estimate of $1.98 by $1.70. Simon Property Group had a net margin of 41.49% and a return on equity of 74.02%. As a group, equities analysts anticipate that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued a dividend of $2.10 per share. This represents a $8.40 annualized dividend and a yield of 5.37%. The ex-dividend date was Monday, March 10th. Simon Property Group's dividend payout ratio is presently 115.70%.

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.