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

Rockefeller Capital Management L.P. lifted its position in Simon Property Group, Inc. (NYSE:SPG) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,110 shares of the real estate investment trust’s stock after buying 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 SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPG. Stance Capital LLC acquired a new position in shares of Simon Property Group during the 3rd quarter worth approximately $26,000. Wilkerson Advisory Group LLC acquired a new position in shares of Simon Property Group in the fourth quarter valued at about $29,000. SHP Wealth Management bought a new position in shares of Simon Property Group during the fourth quarter worth approximately $34,000. Tompkins Financial Corp bought a new position in Simon Property Group during the 4th quarter worth $42,000. Finally, MV Capital Management Inc. bought a new position in shares of Simon Property Group in the fourth quarter worth $46,000. Institutional investors own 93.01% of the company’s stock.

Simon Property Group Trading Up 1.4%

NYSE:SPG opened at $214.31 on Tuesday. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $69.50 billion, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 3.82 and a beta of 1.31. The firm has a 50-day moving average price of $205.54 and a two-hundred day moving average price of $195.00. Simon Property Group, Inc. has a 52 week low of $155.92 and a 52 week high of $220.43.

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

Simon Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be issued a $2.25 dividend. This is a boost from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 4.2%. Simon Property Group’s payout ratio is presently 62.54%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SPG shares. Barclays lifted their price objective on shares of Simon Property Group from $201.00 to $212.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 19th. Scotiabank upped their price objective on Simon Property Group from $206.00 to $220.00 and gave the company a “sector perform” rating in a research note on Thursday. Stifel Nicolaus increased their price objective on Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a report on Tuesday, May 12th. UBS Group set a $220.00 target price on shares of Simon Property Group in a research report on Thursday. Finally, Citigroup lifted their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $208.29.

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.