Arrowstreet Capital Limited Partnership Boosts Holdings in Simon Property Group, Inc. $SPG

Arrowstreet Capital Limited Partnership increased its stake in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 740.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 177,568 shares of the real estate investment trust's stock after purchasing an additional 156,448 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.05% of Simon Property Group worth $28,546,000 at the end of the most recent quarter.Get Simon Property Group alerts:Despite Downturns, Analysts Say These 4 Financial Stocks Are BuysOther hedge funds and other institutional investors have also recently modified their holdings of the company. Highland Capital Management LLC purchased a new stake in Simon Property Group during the 2nd quarter valued at approximately $1,196,000. Capital Advisors Inc. OK boosted its stake in Simon Property Group by 0.5% during the second quarter. Capital Advisors Inc. OK now owns 393,756 shares of the real estate investment trust's stock worth $63,300,000 after buying an additional 2,064 shares during the period. Nordea Investment Management AB lifted its stake in Simon Property Group by 5.7% in the second quarter. Nordea Investment Management AB now owns 29,781 shares of the real estate investment trust's stock worth $4,731,000 after purchasing an additional 1,607 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Simon Property Group by 1.3% during the 2nd quarter. Geode Capital Management LLC now owns 9,592,471 shares of the real estate investment trust's stock valued at $1,536,565,000 after acquiring an additional 127,636 shares during the period. Finally, MinichMacGregor Wealth Management LLC purchased a new position in Simon Property Group in the 2nd quarter worth about $283,000. 93.01% of the stock is owned by hedge funds and other institutional investors. Simon Property Group Stock PerformanceShares of Simon Property Group stock opened at $182.54 on Friday. The business's fifty day simple moving average is $181.03 and its 200-day simple moving average is $172.76. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 9.59. Simon Property Group, Inc. has a 52 week low of $136.34 and a 52 week high of $190.13. The firm has a market cap of $59.60 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 8.89 and a beta of 1.37. 5 S&P 500 Dividend Stocks Set to Reward InvestorsSimon Property Group (NYSE:SPG - Get Free Report) 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 analysts' consensus estimates of $3.09 by $0.13. The firm had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.41 billion. Simon Property Group had a net margin of 38.18% and a return on equity of 79.30%. The firm's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the company posted $3.05 EPS. Simon Property Group has set its FY 2025 guidance at 12.600-12.700 EPS. Equities analysts forecast that Simon Property Group, Inc. will post 12.54 earnings per share for the current year. Simon Property Group Increases DividendThe firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be paid a dividend of $2.20 per share. This represents a $8.80 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Wednesday, December 10th. This is an increase from Simon Property Group's previous quarterly dividend of $2.15. Simon Property Group's payout ratio is currently 125.18%. Wall Street Analysts Forecast GrowthEarn High Dividends With 2 Top REITs Set to Perform in 2025Several equities analysts have recently commented on SPG shares. Scotiabank raised their price target on Simon Property Group from $173.00 to $186.00 and gave the company a "sector perform" rating in a research note on Thursday, November 13th. Morgan Stanley increased their price objective on shares of Simon Property Group from $170.00 to $180.00 and gave the company an "equal weight" rating in a research report on Thursday, September 11th. Barclays lifted their target price on Simon Property Group from $180.00 to $186.00 and gave the stock an "equal weight" rating in a report on Tuesday, November 18th. Weiss Ratings reiterated a "buy (b)" rating on shares of Simon Property Group in a research note on Tuesday, October 14th. Finally, Stifel Nicolaus lifted their price objective on shares of Simon Property Group from $179.00 to $184.00 and gave the company a "hold" rating in a report on Tuesday, November 4th. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $189.93.Check Out Our Latest Analysis on SPGInsider Activity at Simon Property GroupIn other Simon Property Group news, Director Stefan M. Selig bought 195 shares of Simon Property Group stock in a transaction on Tuesday, September 30th. The shares were bought at an average cost of $185.95 per share, for a total transaction of $36,260.25. Following the acquisition, the director directly owned 32,076 shares in the company, valued at $5,964,532.20. This represents a 0.61% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Glyn Aeppel purchased 208 shares of the company's stock in a transaction on Tuesday, September 30th. The stock was acquired at an average price of $185.95 per share, with a total value of $38,677.60. Following the purchase, the director owned 19,265 shares of the company's stock, valued at approximately $3,582,326.75. This represents a 1.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 2,121 shares of company stock worth $394,400 over the last 90 days. 8.66% of the stock is currently owned by corporate insiders. Simon Property Group Company Profile (Free Report)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.Featured ArticlesFive stocks we like better than Simon Property Group3 Must-Buy Warren Buffett Stocks for Volatile TimesUlta’s Stock May Be Set for a Glow-Up—20% Upside Ahead?Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?Gates Foundation Sells MSFT Stock—Should Investors Be Worried?Low PE Growth Stocks: Unlocking Investment OpportunitiesMarketBeat Week in Review – 12/1 - 12/5This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Simon Property Group Right Now?Before you consider Simon Property Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Simon Property Group wasn't on the list.While Simon Property Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here