IFM Investors Pty Ltd Has $21.75 Million Stock Position in Simon Property Group, Inc. $SPG

IFM Investors Pty Ltd grew its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,514 shares of the real estate investment trust’s stock after buying an additional 2,380 shares during the quarter. IFM Investors Pty Ltd’s holdings in Simon Property Group were worth $21,753,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Stance Capital LLC purchased a new position in Simon Property Group during the third quarter worth about $26,000. Tompkins Financial Corp bought a new stake in Simon Property Group in the 4th quarter worth about $42,000. Cullen Frost Bankers Inc. grew its position in Simon Property Group by 79.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 111 shares in the last quarter. Camelot Portfolios LLC bought a new stake in Simon Property Group in the 4th quarter worth about $53,000. Finally, Aventura Private Wealth LLC bought a new stake in Simon Property Group in the 4th quarter worth about $58,000. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Simon Property Group Trading Up 0.9%

NYSE:SPG opened at $214.79 on Friday. Simon Property Group, Inc. has a 1 year low of $155.44 and a 1 year high of $216.28. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $69.65 billion, a P/E ratio of 14.93, a P/E/G ratio of 3.85 and a beta of 1.31. The stock’s fifty day moving average price is $202.40 and its two-hundred day moving average price is $193.57.

Simon Property Group (NYSE:SPG) last posted its earnings results 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 net margin of 70.60% and a return on equity of 104.54%. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the prior year, the company posted $2.95 EPS. The business’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. As a group, analysts expect that Simon Property Group, Inc. will post 13.2 EPS for the current year.

Simon Property Group Increases Dividend

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

Analyst Ratings Changes

A number of brokerages have issued reports on SPG. Barclays upped their price objective on shares of Simon Property Group from $201.00 to $212.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 19th. Weiss Ratings downgraded shares of Simon Property Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, June 1st. Stifel Nicolaus upped their price objective on shares of Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. JPMorgan Chase & Co. boosted their target price on shares of Simon Property Group from $210.00 to $217.00 and gave the company a “neutral” rating in a research note on Monday, June 1st. Finally, Evercore set a $208.00 target price on shares of Simon Property Group in a research note on Monday. Five research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $205.79.

About Simon Property Group

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.