Fort Washington Investment Advisors Inc. OH Buys 7,265 Shares of Simon Property Group, Inc. $SPG

Fort Washington Investment Advisors Inc. OH boosted its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 4.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 190,359 shares of the real estate investment trust’s stock after buying an additional 7,265 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.06% of Simon Property Group worth $35,508,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Stance Capital LLC bought a new stake in shares of Simon Property Group during the third quarter worth $26,000. Wilkerson Advisory Group LLC bought a new position in Simon Property Group in the fourth quarter valued at about $29,000. SHP Wealth Management acquired a new stake in Simon Property Group in the fourth quarter worth about $34,000. Tompkins Financial Corp acquired a new stake in Simon Property Group in the fourth quarter worth about $42,000. Finally, Cullen Frost Bankers Inc. raised its holdings in 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 worth $46,000 after purchasing an additional 111 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors.

Simon Property Group Trading Up 0.7%

NYSE:SPG opened at $227.13 on Friday. Simon Property Group, Inc. has a 1-year low of $158.00 and a 1-year high of $228.58. The business’s 50-day moving average price is $207.23 and its two-hundred day moving average price is $196.03. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68. The firm has a market capitalization of $73.66 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 4.10 and a beta of 1.31.

Simon Property Group (NYSE:SPG) last issued its 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. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The company’s revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.95 earnings per share. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. On average, equities analysts expect that Simon Property Group, Inc. will post 13.21 earnings per share for the current year.

Simon Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 4.0%. 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. Simon Property Group’s payout ratio is 62.54%.

Analysts Set New Price Targets

A number of research analysts have issued reports on SPG shares. Morgan Stanley upped their target price on shares of 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. Scotiabank lifted their price target on shares of Simon Property Group from $206.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 18th. Weiss Ratings raised shares of Simon Property Group from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, June 15th. Truist Financial increased their price objective on shares of Simon Property Group from $196.00 to $215.00 and gave the company a “hold” rating in a report on Tuesday, June 23rd. Finally, Citigroup raised their price objective on shares of Simon Property Group from $189.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $209.71.

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.