Fort Washington Investment Advisors Inc. OH decreased its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 2.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 53,864 shares of the real estate investment trust’s stock after selling 1,208 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Simon Property Group were worth $3,484,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Ellevest Inc. boosted its holdings in shares of Simon Property Group by 370.2% during the third quarter. Ellevest Inc. now owns 395 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 311 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Simon Property Group by 211.0% during the second quarter. Parkside Financial Bank & Trust now owns 423 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 287 shares during the last quarter. Demars Financial Group LLC acquired a new position in Simon Property Group in the second quarter valued at $30,000. Lindbrook Capital LLC boosted its holdings in Simon Property Group by 38.8% in the third quarter. Lindbrook Capital LLC now owns 580 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 162 shares during the last quarter. Finally, Silvant Capital Management LLC boosted its holdings in Simon Property Group by 103.1% in the third quarter. Silvant Capital Management LLC now owns 591 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 84.72% of the company’s stock.

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their target price on Simon Property Group from $100.00 to $98.00 and set a “buy” rating on the stock in a report on Monday, July 27th. TheStreet upgraded Simon Property Group from a “d+” rating to a “c-” rating in a report on Thursday, October 1st. Truist reduced their target price on Simon Property Group from $89.00 to $72.00 in a report on Monday, October 5th. Mizuho lifted their target price on Simon Property Group from $66.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, November 16th. Finally, ValuEngine cut Simon Property Group from a “sell” rating to a “strong sell” rating in a report on Monday, August 3rd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $83.33.

Shares of NYSE SPG opened at $81.12 on Friday. The firm has a market cap of $24.82 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 1.32 and a beta of 1.35. Simon Property Group, Inc. has a 1 year low of $42.25 and a 1 year high of $151.59. The stock’s 50-day simple moving average is $67.86 and its 200-day simple moving average is $65.88. The company has a debt-to-equity ratio of 11.89, a quick ratio of 3.91 and a current ratio of 3.91.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Monday, November 9th. The real estate investment trust reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $2.25 by ($1.77). The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.16 billion. Simon Property Group had a return on equity of 65.60% and a net margin of 32.88%. The firm’s revenue for the quarter was down 25.1% on a year-over-year basis. During the same quarter last year, the business posted $3.05 earnings per share. As a group, research analysts predict that Simon Property Group, Inc. will post 9.59 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Investors of record on Friday, October 9th were paid a $1.30 dividend. The ex-dividend date of this dividend was Thursday, October 8th. This represents a $5.20 dividend on an annualized basis and a yield of 6.41%. Simon Property Group’s dividend payout ratio (DPR) is 43.19%.

About Simon Property Group

Simon is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.

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

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