Covestor Ltd, Orion Portfolio Solutions, Valeo Financial Advisors, and Acadian Asset Management have significant stakes in Simon Property Group, Inc. (SPG). SPG stock performed strongly on some trading days and had underperformance on others. SPG's Q1 2024 earnings call indicated increased dividends and full-year guidance, indicating strong forecasted financial performance in 2024. Victoria Spartz and other investors increased holdings, driven by an impressive dividend yield. However, certain publications have expressed concerns, citing premium valuation and an uncertain recovery in the stock price. Developments involve leveraging digital loyalty technology to increase visits to physical locations and a partnership with bp to expand their EV charging network. SPG's CEO, David Simon, is being treated for cancer, and his son was elected to the board. Also, the company announced the appointment of Nina P. Jones to its board of directors. Still, analysts suggest that Simon Property Group is a 'buy and hold' due to its strong fundamentals despite fluctuations in performance.
Simon Property Group SPG News Analytics from Thu, 21 Sep 2023 07:00:00 GMT to Sat, 27 Jul 2024 13:39:12 GMT -
Rating 7
- Innovation 3
- Information 6
- Rumor -2
