Orion Portfolio Solutions LLC Has $1.81 Million Stake in Simon Property Group, Inc. (NYSE:SPG)

Orion Portfolio Solutions LLC grew its holdings in Simon Property Group, Inc. (NYSE:SPG) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,526 shares of the real estate investment trust’s stock after purchasing an additional 387 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Simon Property Group were worth $1,813,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Hopwood Financial Services Inc. bought a new position in Simon Property Group in the 4th quarter worth approximately $28,000. WR Wealth Planners LLC grew its stake in shares of Simon Property Group by 328.2% in the fourth quarter. WR Wealth Planners LLC now owns 167 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 128 shares during the last quarter. New England Capital Financial Advisors LLC bought a new position in Simon Property Group during the fourth quarter worth $30,000. Caisse Des Depots ET Consignations acquired a new position in Simon Property Group during the 4th quarter valued at $31,000. Finally, TCTC Holdings LLC bought a new stake in Simon Property Group in the 4th quarter valued at $34,000. 93.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SPG shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Simon Property Group in a research report on Tuesday, December 17th. They set a “hold” rating and a $195.00 price objective for the company. Jefferies Financial Group upgraded Simon Property Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from $179.00 to $198.00 in a research report on Thursday, January 2nd. Piper Sandler upgraded Simon Property Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $175.00 to $205.00 in a research report on Wednesday, February 5th. StockNews.com downgraded shares of Simon Property Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 29th. Finally, Mizuho increased their price objective on shares of Simon Property Group from $158.00 to $182.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Simon Property Group has an average rating of “Hold” and a consensus price target of $180.33.

Simon Property Group Trading Up 2.5 %

SPG stock opened at $170.58 on Thursday. The company has a quick ratio of 2.00, a current ratio of 1.28 and a debt-to-equity ratio of 7.19. Simon Property Group, Inc. has a twelve month low of $139.25 and a twelve month high of $190.14. The company has a market cap of $55.66 billion, a P/E ratio of 23.50, a PEG ratio of 10.10 and a beta of 1.78. The business has a fifty day moving average of $175.03 and a 200-day moving average of $174.53.

Simon Property Group (NYSE:SPG) last released its earnings results on Tuesday, February 4th. The real estate investment trust reported $3.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $1.70. Simon Property Group had a net margin of 41.49% and a return on equity of 74.02%. As a group, equities research analysts expect that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were paid a $2.10 dividend. This represents a $8.40 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date was Monday, March 10th. Simon Property Group’s dividend payout ratio (DPR) is currently 115.70%.

About Simon Property Group

Simon Property Group, Inc (NYSE:SPG) is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc, the Operating Partnership, and its subsidiaries.