Fort Washington Investment Advisors Inc. OH raised its position in shares of Simon Property Group, Inc. (NYSE:SPG) by 1.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 561,734 shares of the real estate investment trust’s stock after purchasing an additional 6,054 shares during the period. Simon Property Group makes up approximately 1.4% of Fort Washington Investment Advisors Inc. OH’s investment portfolio, making the stock its 21st biggest position. Fort Washington Investment Advisors Inc. OH owned 0.18% of Simon Property Group worth $90,866,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SPG. LS Investment Advisors LLC raised its position in Simon Property Group by 1.3% during the first quarter. LS Investment Advisors LLC now owns 15,946 shares of the real estate investment trust’s stock valued at $2,743,000 after purchasing an additional 208 shares in the last quarter. Swiss National Bank raised its position in Simon Property Group by 24.1% during the first quarter. Swiss National Bank now owns 1,275,798 shares of the real estate investment trust’s stock valued at $219,476,000 after purchasing an additional 247,900 shares in the last quarter. Icon Advisers Inc. Co. raised its position in Simon Property Group by 58.3% during the first quarter. Icon Advisers Inc. Co. now owns 7,600 shares of the real estate investment trust’s stock valued at $1,307,000 after purchasing an additional 2,800 shares in the last quarter. World Asset Management Inc raised its position in Simon Property Group by 17.6% during the first quarter. World Asset Management Inc now owns 39,369 shares of the real estate investment trust’s stock valued at $6,773,000 after purchasing an additional 5,897 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in Simon Property Group by 12.8% during the first quarter. UBS Asset Management Americas Inc. now owns 1,884,231 shares of the real estate investment trust’s stock valued at $324,144,000 after purchasing an additional 213,373 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

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Shares of Simon Property Group, Inc. (SPG) traded up 1.0996% during mid-day trading on Wednesday, hitting $159.2825. 278,439 shares of the company traded hands. Simon Property Group, Inc. has a 1-year low of $150.15 and a 1-year high of $215.56. The stock has a market capitalization of $49.51 billion, a PE ratio of 28.3875 and a beta of 0.58. The firm’s 50 day moving average price is $159.58 and its 200-day moving average price is $163.47.

Simon Property Group (NYSE:SPG) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.03. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Simon Property Group had a net margin of 32.07% and a return on equity of 39.29%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.63 EPS. On average, equities research analysts forecast that Simon Property Group, Inc. will post $6.34 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Thursday, August 17th were given a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date of this dividend was Tuesday, August 15th. This is a boost from Simon Property Group’s previous quarterly dividend of $1.75. Simon Property Group’s dividend payout ratio (DPR) is presently 127.89%.

Several research analysts have commented on SPG shares. Jefferies Group LLC restated a “buy” rating and set a $190.00 price objective on shares of Simon Property Group in a research report on Monday, July 17th. Goldman Sachs Group, Inc. (The) upgraded shares of Simon Property Group from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $175.00 to $185.00 in a research report on Tuesday, June 20th. Argus lowered their price objective on shares of Simon Property Group from $225.00 to $210.00 and set a “buy” rating for the company in a research report on Thursday, June 29th. Mizuho upgraded shares of Simon Property Group from a “neutral” rating to a “buy” rating and set a $178.00 price objective for the company in a research report on Tuesday, May 30th. Finally, Boenning Scattergood set a $240.00 price objective on shares of Simon Property Group and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $193.76.

About Simon Property Group

Simon Property Group, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. Simon Property Group, L.P. (Operating Partnership), is the Company’s partnership subsidiary that owns all of its real estate properties and other assets.

Institutional Ownership by Quarter for Simon Property Group (NYSE:SPG)

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