Simon Property Group, Inc. [SPG] stock is trading at $149.36, down -1.41%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SPG shares have lost -0.23% over the last week, with a monthly amount glided 4.07%, and seem to be holding up well over a long-time horizon.
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On 29, February 2024, Simon® to Present at Citi’s 2024 Global Property CEO Conference. In a post published today on Yahoo Finance, Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today that the Company will present at Citi’s 2024 Global Property CEO Conference on Tuesday, March 5, 2024 at 9:35 a.m. Eastern Time.
From an analyst’s perspective:
Simon Property Group, Inc. [NYSE: SPG] stock has seen the most recent analyst activity on December 21, 2023, when Morgan Stanley downgraded its rating to a Equal-Weight and also boosted its price target to $143 from $132. Previously, Evercore ISI downgraded its rating to In-line on August 03, 2023, and dropped its price target to $129. On July 06, 2023, upgrade upgraded it’s rating to Outperform but maintained its price target of $127 on the stock. Wolfe Research initiated its recommendation with a Peer Perform. Jefferies downgraded its rating to Hold for this stock on June 30, 2022, but kept the price target unchanged to $100. In a note dated September 22, 2021, Argus upgraded an Buy rating on this stock but restated the target price of $142.
Simon Property Group, Inc. [SPG] stock has fluctuated between $100.17 and $153.50 over the past year. Currently, Wall Street analysts expect the stock to reach $162.45 within the next 12 months. Simon Property Group, Inc. [NYSE: SPG] shares were valued at $149.36 at the most recent close of the market. An investor can expect a potential return of 8.76% based on the average SPG price forecast.
Analyzing the SPG fundamentals
Simon Property Group, Inc. [NYSE:SPG] reported sales of 5.66B for the trailing twelve months, which represents a growth of 9.05%. Gross Profit Margin for this corporation currently stands at 0.83% with Operating Profit Margin at 0.5%, Pretax Profit Margin comes in at 0.32%, and Net Profit Margin reading is 0.27%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.52 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 9.59.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 147.84 points at the first support level, and at 146.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 150.89, and for the 2nd resistance point, it is at 152.42.
Simon Property Group, Inc. [SPG] reported earnings per share of $2.29 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.86/share, meaning a difference of $0.43 and a surprise factor of 23.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.82 per share as compared to estimates of $1.55 per share, a difference of $0.27 representing a surprise of 17.40%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 8.60, the price to book ratio is 16.33 and price to earnings (TTM) ratio is 21.49.
Transactions by insiders
Recent insider trading involved LEIBOWITZ REUBEN S, Director, that happened on Dec 29 ’23 when 451.0 shares were purchased. Director, HUBBARD ALLAN B completed a deal on Dec 29 ’23 to buy 367.0 shares. Meanwhile, Director GLASSCOCK LARRY C bought 332.0 shares on Dec 29 ’23.
