Sarasin & Partners LLP Has $2.01 Million Holdings in Simon Property Group, Inc. $SPG

Sarasin & Partners LLP cut its position in Simon Property Group, Inc. (NYSE:SPG) by 68.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,813 shares of the real estate investment trust’s stock after selling 23,519 shares during the quarter. Sarasin & Partners LLP’s holdings in Simon Property Group were worth $2,010,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Trust Co. of Toledo NA OH bought a new position in shares of Simon Property Group in the 2nd quarter valued at about $25,000. VSM Wealth Advisory LLC bought a new stake in shares of Simon Property Group in the 2nd quarter valued at about $30,000. Silicon Valley Capital Partners acquired a new stake in Simon Property Group in the 2nd quarter valued at about $30,000. Bell Investment Advisors Inc lifted its stake in Simon Property Group by 205.6% in the 2nd quarter. Bell Investment Advisors Inc now owns 217 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 146 shares during the last quarter. Finally, Clearstead Trust LLC grew its holdings in Simon Property Group by 68.4% during the second quarter. Clearstead Trust LLC now owns 266 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 108 shares during the period. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Simon Property Group Stock Performance

SPG opened at $184.60 on Friday. The company has a debt-to-equity ratio of 9.59, a current ratio of 1.44 and a quick ratio of 1.44. The business has a fifty day simple moving average of $181.16 and a 200 day simple moving average of $174.33. Simon Property Group, Inc. has a 1 year low of $136.34 and a 1 year high of $190.13. The company has a market capitalization of $60.27 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 9.01 and a beta of 1.37.

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

Simon Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be issued a $2.20 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $8.80 dividend on an annualized basis and a yield of 4.8%. This is an increase from Simon Property Group’s previous quarterly dividend of $2.15. Simon Property Group’s payout ratio is presently 128.09%.

Insider Activity

In related news, Director Glyn Aeppel purchased 208 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The stock was acquired at an average cost of $185.95 per share, for a total transaction of $38,677.60. Following the completion of the purchase, the director owned 19,265 shares in the company, valued at approximately $3,582,326.75. This represents a 1.09% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel C. Smith acquired 335 shares of the stock in a transaction on Tuesday, September 30th. The shares were bought at an average price of $185.95 per share, for a total transaction of $62,293.25. Following the purchase, the director owned 32,333 shares in the company, valued at approximately $6,012,321.35. This trade represents a 1.05% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have acquired 2,121 shares of company stock worth $394,400. Insiders own 8.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Stifel Nicolaus upped their price objective on Simon Property Group from $179.00 to $184.00 and gave the company a “hold” rating in a research note on Tuesday, November 4th. Citigroup raised their price target on Simon Property Group from $170.00 to $185.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Argus reiterated a “buy” rating and issued a $185.00 price objective on shares of Simon Property Group in a report on Friday, September 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Simon Property Group in a research report on Tuesday, October 14th. Finally, Truist Financial raised their target price on shares of Simon Property Group from $169.00 to $181.00 and gave the stock a “hold” rating in a research note on Wednesday. Five investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $190.46.

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.