IFM Investors Pty Ltd Boosts Holdings in Simon Property Group, Inc. $SPG

IFM Investors Pty Ltd boosted its position in Simon Property Group, Inc. (NYSE:SPG) by 2.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 117,514 shares of the real estate investment trust’s stock after purchasing 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 institutional investors have also recently made changes to their positions in the company. Stance Capital LLC bought a new position in shares of Simon Property Group in the 3rd quarter worth $26,000. Tompkins Financial Corp bought a new position in shares of Simon Property Group in the 4th quarter worth $42,000. Cullen Frost Bankers Inc. increased its holdings in shares of 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 buying an additional 111 shares during the last quarter. Camelot Portfolios LLC bought a new position in shares of Simon Property Group in the 4th quarter worth $53,000. Finally, Aventura Private Wealth LLC bought a new position in shares of Simon Property Group in the 4th quarter worth $58,000. Institutional investors own 93.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Barclays increased their price target on shares of Simon Property Group from $201.00 to $212.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 19th. Morgan Stanley increased their price target on shares of Simon Property Group from $205.00 to $207.00 and gave the stock an “equal weight” rating in a report on Tuesday. JPMorgan Chase & Co. increased their price target on shares of Simon Property Group from $210.00 to $217.00 and gave the stock a “neutral” rating in a report on Monday, June 1st. UBS Group increased their price target on shares of Simon Property Group from $189.00 to $199.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. Finally, Weiss Ratings lowered shares of Simon Property Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, June 1st. Five analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $205.79.

Simon Property Group Price Performance

SPG stock opened at $214.79 on Friday. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.84 and a current ratio of 0.84. Simon Property Group, Inc. has a 52 week low of $155.44 and a 52 week high of $216.28. The firm’s fifty day moving average is $202.40 and its 200 day moving average is $193.57. The firm 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.

Simon Property Group (NYSE:SPG) last released its earnings results on Monday, May 11th. The real estate investment trust reported $1.48 EPS for the quarter, beating 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 company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the firm earned $2.95 EPS. The firm’s quarterly revenue 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. Research analysts predict that Simon Property Group, Inc. will post 13.2 earnings per share for the current year.

Simon Property Group Increases Dividend

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

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.