Rockefeller Capital Management L.P. Acquires 9,185 Shares of Simon Property Group, Inc. $SPG

Rockefeller Capital Management L.P. lifted its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 7.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 131,110 shares of the real estate investment trust’s stock after purchasing an additional 9,185 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Simon Property Group were worth $24,270,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPG. Vanguard Group Inc. increased its stake in Simon Property Group by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 46,969,966 shares of the real estate investment trust’s stock worth $8,694,610,000 after acquiring an additional 286,464 shares during the last quarter. State Street Corp raised its stake in shares of Simon Property Group by 1.5% during the third quarter. State Street Corp now owns 21,765,492 shares of the real estate investment trust’s stock worth $4,084,730,000 after acquiring an additional 312,995 shares in the last quarter. Geode Capital Management LLC lifted its stake in Simon Property Group by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 10,572,677 shares of the real estate investment trust’s stock worth $1,950,967,000 after purchasing an additional 363,337 shares during the last quarter. Capital World Investors lifted its stake in shares of Simon Property Group by 2.7% in the 4th quarter. Capital World Investors now owns 8,610,404 shares of the real estate investment trust’s stock valued at $1,593,872,000 after acquiring an additional 226,271 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in Simon Property Group by 7.7% in the fourth quarter. Wellington Management Group LLP now owns 7,939,861 shares of the real estate investment trust’s stock valued at $1,469,748,000 after purchasing an additional 569,772 shares during the last quarter. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Stock Performance

SPG opened at $214.31 on Tuesday. The company’s 50 day moving average is $205.54 and its 200 day moving average is $195.00. The company has a market cap of $69.50 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 3.82 and a beta of 1.31. Simon Property Group, Inc. has a 12-month low of $155.92 and a 12-month high of $220.43. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the firm posted $2.95 EPS. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. On average, equities research analysts predict that Simon Property Group, Inc. will post 13.21 EPS for the current year.

Simon Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be given a $2.25 dividend. The ex-dividend date is Tuesday, June 9th. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.2%. Simon Property Group’s dividend payout ratio (DPR) is currently 62.54%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SPG. Citigroup upped their price objective on shares of Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Scotiabank raised their price objective on Simon Property Group from $206.00 to $220.00 and gave the company a “sector perform” rating in a research report on Thursday. Morgan Stanley lifted their target price on shares of Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a report on Tuesday, June 9th. Evercore set a $208.00 price target on shares of Simon Property Group in a research note on Monday, June 8th. Finally, Barclays upped their price objective on Simon Property Group from $201.00 to $212.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Simon Property Group presently has an average rating of “Hold” and an average price target of $208.29.

Simon Property Group Company 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.