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

Rakuten Investment Management Inc. lifted its stake in shares of Simon Property Group, Inc. (NYSE:SPG) by 795.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 42,947 shares of the real estate investment trust’s stock after purchasing 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 reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Great Valley Advisor Group Inc. increased its stake in shares of Simon Property Group by 2.3% during the fourth quarter. Great Valley Advisor Group Inc. now owns 2,360 shares of the real estate investment trust’s stock valued at $437,000 after acquiring an additional 52 shares during the period. Veridan Wealth LLC increased its stake in shares of Simon Property Group by 1.2% during the fourth quarter. Veridan Wealth LLC now owns 4,563 shares of the real estate investment trust’s stock valued at $845,000 after acquiring an additional 53 shares during the period. CYBER HORNET ETFs LLC lifted its holdings in Simon Property Group by 6.2% in the 4th quarter. CYBER HORNET ETFs LLC now owns 936 shares of the real estate investment trust’s stock valued at $173,000 after acquiring an additional 55 shares during the last quarter. Embree Financial Group lifted its holdings in Simon Property Group by 2.4% in the 4th quarter. Embree Financial Group now owns 2,414 shares of the real estate investment trust’s stock valued at $447,000 after acquiring an additional 56 shares during the last quarter. Finally, O ROURKE & COMPANY Inc lifted its holdings in Simon Property Group by 2.8% in the 4th quarter. O ROURKE & COMPANY Inc now owns 2,124 shares of the real estate investment trust’s stock valued at $393,000 after acquiring an additional 57 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Analyst Upgrades and Downgrades

SPG has been the subject of a number of research analyst reports. Barclays upped their price target on shares of Simon Property Group from $201.00 to $212.00 and gave the company an “equal weight” rating in a report on Tuesday, May 19th. Morgan Stanley upped their price target on shares of Simon Property Group from $205.00 to $207.00 and gave the company an “equal weight” rating in a report on Tuesday, June 9th. Stifel Nicolaus upped their price target on shares of Simon Property Group from $185.00 to $194.00 and gave the company a “hold” rating in a report on Tuesday, May 12th. Scotiabank upped their price target on shares of Simon Property Group from $192.00 to $206.00 and gave the company a “sector perform” rating in a report on Tuesday, May 19th. Finally, Evercore set a $208.00 price target on shares of Simon Property Group in a report on Monday, June 8th. Five equities 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 company has a consensus rating of “Hold” and an average target price of $205.79.

Simon Property Group Trading Down 0.2%

Simon Property Group stock opened at $215.30 on Wednesday. The company has a 50 day moving average price of $204.07 and a 200 day moving average price of $194.25. Simon Property Group, Inc. has a 52 week low of $155.92 and a 52 week high of $220.43. 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 capitalization of $69.82 billion, a price-to-earnings ratio of 14.96, a P/E/G ratio of 3.90 and a beta of 1.31.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings data 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. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the business posted $2.95 EPS. The company’s 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. Research analysts forecast 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. Investors of record on Tuesday, June 9th will be given a dividend of $2.25 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 annualized dividend and a yield of 4.2%. Simon Property Group’s payout ratio is presently 62.54%.

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.