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Simon Property Group reports strong Q1 earnings, sees mixed investor activity, and maintains high dividend.
Simon Property Group, a real estate investment trust, saw its shares traded by several investors this year.
Hutchens & Kramer Investment Management Group reduced holdings by 17.9%, while CFM Wealth Partners and Naviter Wealth increased their stakes.
The company reported strong Q1 earnings, beating estimates with $2.95 EPS and $1.47 billion in revenue.
Simon Property Group has a high dividend yield of 5.24% and will pay a $2.10 quarterly dividend on June 30.
Analysts rate the stock as "Hold" with a price target of $179.44.
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Simon Property Group reporta fuertes ganancias del primer trimestre, ve actividad mixta de los inversores, y mantiene un alto dividendo.