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

IFM Investors Pty Ltd lifted its holdings in Simon Property Group, Inc. (NYSE:SPG) by 3.2% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 121,239 shares of the real estate investment trust’s stock after acquiring an additional 3,725 shares during the quarter. IFM Investors Pty Ltd’s holdings in Simon Property Group were worth $22,615,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Rexford Capital Inc. raised its position in Simon Property Group by 8.6% in the 1st quarter. Rexford Capital Inc. now owns 3,196 shares of the real estate investment trust’s stock worth $596,000 after purchasing an additional 253 shares during the period. First Pacific Financial lifted its stake in Simon Property Group by 23.7% in the first quarter. First Pacific Financial now owns 6,358 shares of the real estate investment trust’s stock worth $1,186,000 after purchasing an additional 1,219 shares during the last quarter. MQS Management LLC purchased a new stake in Simon Property Group during the first quarter valued at about $655,000. SMART Wealth LLC purchased a new stake in Simon Property Group during the first quarter valued at about $442,000. Finally, Premier Path Wealth Partners LLC grew its stake in shares of Simon Property Group by 15.0% during the first quarter. Premier Path Wealth Partners LLC now owns 3,960 shares of the real estate investment trust’s stock valued at $739,000 after buying an additional 517 shares during the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.

Simon Property Group Price Performance

SPG stock opened at $223.85 on Wednesday. The stock has a market capitalization of $72.59 billion, a price-to-earnings ratio of 15.56, a PEG ratio of 4.11 and a beta of 1.31. The firm’s 50-day moving average price is $208.10 and its two-hundred day moving average price is $196.77. 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, Inc. has a 12-month low of $159.33 and a 12-month high of $228.57.

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 for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.54 billion. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. Simon Property Group’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.95 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. As a group, equities analysts predict that Simon Property Group, Inc. will post 13.21 earnings per share for the current year.

Simon Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were issued a $2.25 dividend. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. The ex-dividend date was Tuesday, June 9th. This represents a $9.00 annualized dividend and a yield of 4.0%. Simon Property Group’s dividend payout ratio (DPR) is 62.54%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wolfe Research downgraded Simon Property Group from an “outperform” rating to a “peer perform” rating in a report on Tuesday. Evercore set a $208.00 price target on Simon Property Group in a research report on Monday, June 8th. Weiss Ratings lowered Simon Property Group from a “buy (a-)” rating to a “buy (b)” rating in a research report on Monday. Truist Financial lifted their price target on Simon Property Group from $196.00 to $215.00 and gave the stock a “hold” rating in a research note on Tuesday, June 23rd. Finally, Citigroup boosted their price objective on Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Simon Property Group has an average rating of “Hold” and an average target price of $211.47.

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.