Simon Property Group, Inc. $SPG Shares Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. grew its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 795.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,947 shares of the real estate investment trust’s stock after acquiring an additional 38,151 shares during the period. Rakuten Investment Management Inc.’s holdings in Simon Property Group were worth $8,058,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SPG. Stance Capital LLC acquired a new stake in shares of Simon Property Group during the 3rd quarter valued at approximately $26,000. Wilkerson Advisory Group LLC acquired a new stake in shares of Simon Property Group during the 4th quarter valued at approximately $29,000. Tompkins Financial Corp acquired a new stake in shares of Simon Property Group during the 4th quarter valued at approximately $42,000. Cullen Frost Bankers Inc. raised its position in shares of Simon Property Group by 79.3% during the 4th quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 111 shares in the last quarter. Finally, Camelot Portfolios LLC acquired a new stake in shares of Simon Property Group during the 4th quarter valued at approximately $53,000. 93.01% of the stock is owned by institutional investors and hedge funds.

Simon Property Group Trading Down 0.2%

Shares of SPG stock opened at $215.30 on Wednesday. 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 1 year low of $155.92 and a 1 year high of $220.43. The stock has a fifty day moving average of $204.07 and a two-hundred day moving average of $194.25. The firm has a market capitalization of $69.82 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 3.90 and a beta of 1.31.

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

Simon Property Group Increases Dividend

The firm 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 dividend of $2.25 per share. This is a boost from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date is Tuesday, June 9th. This represents a $9.00 dividend on an annualized basis and a yield of 4.2%. Simon Property Group’s payout ratio is presently 62.54%.

Wall Street Analysts Forecast Growth

SPG has been the topic of several research reports. Evercore set a $208.00 price target on Simon Property Group in a research report on Monday, June 8th. Morgan Stanley upped their price target on Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 9th. Weiss Ratings downgraded Simon Property Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, June 1st. JPMorgan Chase & Co. lifted their target price on 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, Stifel Nicolaus lifted their target price on Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a research note on Tuesday, May 12th. Five investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $205.79.

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.