Van Lanschot Kempen Investment Management N.V. Reduces Stake in Simon Property Group, Inc. $SPG

Van Lanschot Kempen Investment Management N.V. reduced its position in Simon Property Group, Inc. (NYSE:SPG) by 17.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,917 shares of the real estate investment trust’s stock after selling 25,804 shares during the period. Van Lanschot Kempen Investment Management N.V.’s holdings in Simon Property Group were worth $23,123,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Stance Capital LLC purchased a new position in Simon Property Group during the third quarter worth $26,000. Tompkins Financial Corp purchased a new position in Simon Property Group during the fourth quarter worth $42,000. Cullen Frost Bankers Inc. increased its position in Simon Property Group by 79.3% during the fourth quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 111 shares in the last quarter. Camelot Portfolios LLC purchased a new position in Simon Property Group during the fourth quarter worth $53,000. Finally, Sfam LLC purchased a new position in Simon Property Group during the fourth quarter worth $57,000. 93.01% of the stock is owned by hedge funds and other institutional investors.

Simon Property Group Price Performance

SPG stock opened at $218.79 on Friday. Simon Property Group, Inc. has a 52-week low of $155.44 and a 52-week high of $220.44. The stock’s fifty day simple moving average is $203.01 and its 200-day simple moving average is $193.75. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 4.68. The stock has a market capitalization of $70.95 billion, a price-to-earnings ratio of 15.20, a price-to-earnings-growth ratio of 3.88 and a beta of 1.31.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.02. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter last year, the firm earned $2.95 earnings per share. The business’s revenue was up 19.3% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. Equities research analysts expect that Simon Property Group, Inc. will post 13.2 EPS for the current year.

Simon Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 4.1%. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date is Tuesday, June 9th. Simon Property Group’s payout ratio is 62.54%.

Wall Street Analysts Forecast Growth

SPG has been the subject of several recent research reports. Stifel Nicolaus raised their price target on Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. Evercore set a $208.00 price target on Simon Property Group in a research report on Monday. Citigroup raised their price target on Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Morgan Stanley raised their price target on Simon Property Group from $205.00 to $207.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Weiss Ratings downgraded Simon Property Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, June 1st. Five analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $205.79.

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.