Simon Property Group, Inc. (SPG) sees varied movements of its assets across multiple investing firms.
Exchange Traded Concepts LLC, Janney Capital Management LLC and Clarius Group LLC have trimmed down their stakes, while
Diversify Advisory Services LLC and
Merit Financial Group LLC just bought shares. Notably,
Fort Washington Investment Advisors Inc. OH and
Nisa Investment Advisors LLC bought massive new shares.
Strong trading in SPG has led to it outperforming competitors. The company plans to distribute $8.10 per share as
dividend in 2024, showing the company's steady
financial performance. Notably, SPG's stock value rose by 15.4% in just six months. While there are opinions on the company being an optimal retail REIT for investment and an opportunistic buy for long-term investors, there are concerns about the company's future performance barriers.
Fixed leases are helping SPG to thrive amid economic fluctuations. However, it reported a miss on its quarterly funds from operation estimates. SPG also recently announced reporting information for its 2024 distributions.
Simon Property Group SPG News Analytics from Tue, 07 May 2024 07:00:00 GMT to Sat, 25 Jan 2025 11:25:51 GMT -
Rating 6
- Innovation -2
- Information 8
- Rumor -3
