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

Fort Washington Investment Advisors Inc. OH raised its holdings in Simon Property Group, Inc. (NYSE:SPG) by 4.0% in the first quarter, Holdings Channel reports. The fund owned 190,359 shares of the real estate investment trust’s stock after acquiring an additional 7,265 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Simon Property Group were worth $35,508,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SPG. Stance Capital LLC bought a new position in shares of Simon Property Group during the 3rd quarter valued at about $26,000. Wilkerson Advisory Group LLC bought a new stake in Simon Property Group during the 4th quarter worth approximately $29,000. SHP Wealth Management bought a new stake in Simon Property Group during the 4th quarter worth approximately $34,000. Tompkins Financial Corp acquired a new stake in Simon Property Group during the 4th quarter worth approximately $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 buying an additional 111 shares during the period. 93.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SPG has been the subject of several research analyst reports. 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. Barclays raised their price objective on shares of Simon Property Group from $212.00 to $213.00 and gave the stock an “equal weight” rating in a report on Thursday. Jefferies Financial Group raised shares of Simon Property Group to a “strong-buy” rating in a research report on Friday. 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. Finally, Truist Financial increased their price target on shares of Simon Property Group from $196.00 to $215.00 and gave the company a “hold” rating in a research note on Tuesday, June 23rd. Two 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $209.71.

Simon Property Group Price Performance

Shares of NYSE SPG opened at $227.13 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 4.68. 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 market cap of $73.66 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 4.10 and a beta of 1.31. Simon Property Group, Inc. has a twelve month low of $158.00 and a twelve month high of $228.58.

Simon Property Group (NYSE:SPG) last released its quarterly earnings data on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period last year, the firm posted $2.95 earnings per share. The business’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. On average, analysts predict 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. Shareholders of record on Tuesday, June 9th will be issued a dividend of $2.25 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $9.00 annualized dividend and a yield of 4.0%. 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%.

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.