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

Orion Portfolio Solutions LLC boosted its holdings in shares of Simon Property Group, Inc. (NYSE:SPG) by 3.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 10,526 shares of the real estate investment trust’s stock after purchasing an additional 387 shares during the period. Orion Portfolio Solutions LLC’s holdings in Simon Property Group were worth $1,813,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SPG. Norges Bank bought a new position in shares of Simon Property Group during the 4th quarter valued at about $2,059,505,000. JPMorgan Chase & Co. lifted its stake in Simon Property Group by 5.5% in the fourth quarter. JPMorgan Chase & Co. now owns 4,710,538 shares of the real estate investment trust’s stock valued at $811,202,000 after buying an additional 246,630 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Simon Property Group by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,637,529 shares of the real estate investment trust’s stock valued at $626,419,000 after buying an additional 64,418 shares during the period. Boston Partners increased its position in shares of Simon Property Group by 7.0% during the fourth quarter. Boston Partners now owns 2,504,500 shares of the real estate investment trust’s stock worth $431,304,000 after acquiring an additional 162,764 shares in the last quarter. Finally, Amundi raised its holdings in shares of Simon Property Group by 10.5% during the fourth quarter. Amundi now owns 1,728,738 shares of the real estate investment trust’s stock worth $301,088,000 after acquiring an additional 163,764 shares during the period. 93.01% of the stock is owned by institutional investors and hedge funds.

Simon Property Group Trading Up 2.5 %

Shares of Simon Property Group stock opened at $170.58 on Thursday. The company has a debt-to-equity ratio of 7.19, a current ratio of 1.28 and a quick ratio of 2.00. The business has a fifty day simple moving average of $175.03 and a two-hundred day simple moving average of $174.53. Simon Property Group, Inc. has a 1 year low of $139.25 and a 1 year high of $190.14. The company has a market capitalization of $55.66 billion, a price-to-earnings ratio of 23.50, a P/E/G ratio of 10.10 and a beta of 1.78.

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

Simon Property Group Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have issued reports on SPG shares. Deutsche Bank Aktiengesellschaft assumed coverage on Simon Property Group in a report on Tuesday, December 17th. They set a “hold” rating and a $195.00 target price for the company. Piper Sandler raised Simon Property Group from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $175.00 to $205.00 in a research report on Wednesday, February 5th. Scotiabank set a $186.00 price target on Simon Property Group in a research report on Friday, February 28th. Mizuho lifted their price objective on shares of Simon Property Group from $158.00 to $182.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Finally, StockNews.com cut shares of Simon Property Group from a “buy” rating to a “hold” rating in a report on Saturday, March 29th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Simon Property Group has an average rating of “Hold” and an average target price of $180.33.

Simon Property Group Profile

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.