Simon Property Group, Inc. (NYSE:SPG) Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lifted its stake in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,711 shares of the real estate investment trust's stock after purchasing an additional 2,504 shares during the period. Rockefeller Capital Management L.P.'s holdings in Simon Property Group were worth $16,306,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC grew its holdings in Simon Property Group by 10.0% in the fourth quarter. Sterling Capital Management LLC now owns 35,708 shares of the real estate investment trust's stock valued at $6,149,000 after purchasing an additional 3,247 shares during the last quarter. Heritage Trust Co acquired a new stake in Simon Property Group in the 4th quarter valued at about $780,000. Jaffetilchin Investment Partners LLC increased its holdings in Simon Property Group by 1.1% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 12,907 shares of the real estate investment trust's stock valued at $2,223,000 after acquiring an additional 145 shares in the last quarter. Treasurer of the State of North Carolina raised its position in Simon Property Group by 1.9% during the fourth quarter. Treasurer of the State of North Carolina now owns 213,350 shares of the real estate investment trust's stock worth $36,741,000 after acquiring an additional 4,023 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of Simon Property Group by 16.9% in the fourth quarter. Bessemer Group Inc. now owns 1,055,872 shares of the real estate investment trust's stock valued at $181,832,000 after purchasing an additional 152,965 shares in the last quarter. Hedge funds and other institutional investors own 93.01% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on SPG. StockNews.com downgraded Simon Property Group from a "buy" rating to a "hold" rating in a research report on Saturday, March 29th. Piper Sandler raised shares of Simon Property Group from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $175.00 to $205.00 in a research note on Wednesday, February 5th. Jefferies Financial Group upgraded Simon Property Group from a "hold" rating to a "buy" rating and boosted their price target for the company from $179.00 to $198.00 in a report on Thursday, January 2nd. Scotiabank set a $186.00 price objective on Simon Property Group in a report on Friday, February 28th. Finally, Stifel Nicolaus upgraded Simon Property Group from a "hold" rating to a "buy" rating and set a $168.50 target price for the company in a research note on Wednesday, April 9th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $181.39.

Simon Property Group Trading Up 1.5 %

SPG stock traded up $2.26 during trading on Friday, reaching $150.31. 1,267,314 shares of the stock traded hands, compared to its average volume of 1,502,107. The business's 50 day moving average price is $167.64 and its 200-day moving average price is $172.71. The firm has a market capitalization of $49.04 billion, a PE ratio of 20.70, a P/E/G ratio of 10.10 and a beta of 1.45. The company has a debt-to-equity ratio of 7.19, a current ratio of 1.28 and a quick ratio of 2.00. Simon Property Group, Inc. has a 52-week low of $136.34 and a 52-week high of $190.14.

Simon Property Group (NYSE:SPG - Get Free Report) last posted its earnings results on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.98 by $1.70. Simon Property Group had a net margin of 41.49% and a return on equity of 74.02%. As a group, sell-side analysts forecast that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were issued a dividend of $2.10 per share. The ex-dividend date was Monday, March 10th. This represents a $8.40 annualized dividend and a dividend yield of 5.59%. Simon Property Group's payout ratio is 115.70%.

About Simon Property Group

Simon Property Group, Inc NYSE: SPG is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc, the Operating Partnership, and its subsidiaries.