Brown Advisory Inc. has acquired 353 shares of the Simon Property Group, Inc., while Corient Private Wealth LLC boasts a $10.71 million stake in the company. Simon Property's Q2 FFO exceeded expectations, resulting in an elevated outlook for '21 and a dividend increase. A revamp of Fashion Valley has also been announced. Meanwhile, holdings by Robeco Institutional Asset Management B.V. and Great Lakes Advisors LLC have seen a decrease. Simon Property Group also cashed in on its stake in Authentic Brands for $1.2 billion. Simon Property's Q1 FFO performed well, which, in combination with boosted outlooks and dividends, led to an upward trend. With several new stakes taken by companies such as Avantax Advisory Services and Meridian Wealth Management, Simon Property Group has reported a record annual FFO and raised dividends. Despite some bearish sentiment, analysis shows a bullish high yield as the company's stock hit record highs. Major investments continue as Principal Securities Inc. buys into the company while a revamp of Houston's Galleria is underway. Simon's stock may be cheap but the company's strong fundamentals make it a coveted investment, as evidenced by its increase of 33% over 3 months.
Simon Property Group SPG News Analytics from Wed, 02 Aug 2023 07:00:00 GMT to Sun, 26 May 2024 11:50:18 GMT -
Rating 8
- Innovation 4
- Rumor -6
