Simon Property Group, Inc. $SPG Stock Holdings Reduced by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH reduced its position in Simon Property Group, Inc. (NYSE:SPG) by 9.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 174,344 shares of the real estate investment trust’s stock after selling 17,951 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Simon Property Group were worth $32,719,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC acquired a new position in Simon Property Group in the fourth quarter worth approximately $295,000. State of Wyoming bought a new stake in Simon Property Group in the first quarter worth approximately $118,000. The Manufacturers Life Insurance Company increased its stake in shares of Simon Property Group by 10.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 247,728 shares of the real estate investment trust’s stock worth $41,143,000 after purchasing an additional 24,217 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in shares of Simon Property Group by 4.3% during the 1st quarter. Evergreen Capital Management LLC now owns 5,168 shares of the real estate investment trust’s stock valued at $858,000 after purchasing an additional 214 shares in the last quarter. Finally, Nomura Holdings Inc. raised its holdings in shares of Simon Property Group by 67.1% during the 1st quarter. Nomura Holdings Inc. now owns 76,407 shares of the real estate investment trust’s stock valued at $12,690,000 after purchasing an additional 30,692 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Simon Property Group Trading Down 0.1%

Simon Property Group stock opened at $187.57 on Tuesday. Simon Property Group, Inc. has a 52 week low of $136.34 and a 52 week high of $190.13. The company has a debt-to-equity ratio of 9.59, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market capitalization of $61.24 billion, a PE ratio of 27.30, a PEG ratio of 9.15 and a beta of 1.37. The business’s 50-day simple moving average is $182.40 and its 200-day simple moving average is $175.57.

Simon Property Group (NYSE:SPG) last released its earnings results on Monday, November 3rd. The real estate investment trust reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $0.13. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.41 billion. Simon Property Group had a return on equity of 79.30% and a net margin of 38.18%.The company’s revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $3.05 EPS. Simon Property Group has set its FY 2025 guidance at 12.600-12.700 EPS. Equities research analysts forecast that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be paid a $2.20 dividend. The ex-dividend date is Wednesday, December 10th. This is a positive change from Simon Property Group’s previous quarterly dividend of $2.15. This represents a $8.80 annualized dividend and a dividend yield of 4.7%. Simon Property Group’s dividend payout ratio is 128.09%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SPG shares. Citigroup lifted their price objective on shares of Simon Property Group from $170.00 to $185.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Morgan Stanley raised their target price on Simon Property Group from $170.00 to $180.00 and gave the company an “equal weight” rating in a report on Thursday, September 11th. Barclays upped their price target on Simon Property Group from $180.00 to $186.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 18th. Truist Financial increased their price objective on Simon Property Group from $169.00 to $181.00 and gave the company a “hold” rating in a report on Wednesday, December 17th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Simon Property Group in a research note on Tuesday, October 14th. Five equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $190.46.

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.