At the last check on Thursday, Simon Property Group Inc.’s (NYSE:SPG) stock was down -$0.3, moving down -0.27 percent to $113.46. The average number of shares traded per day over the past five days has been 1,521,007 shares. 1 time new highs have been achieved over the past 5 days, with a -$4.32 fall in that time frame. In the last twenty days, the average volume was 1,426,682, while in the previous 50 days, it was 1,332,419.
Since last month, SPG stock rose 2.28%. Shares of the company fell to $109.91 on 08/25/23, the lowest level in the past month. A 52-week high of $133.08 was reached on 02/02/23 after having rallying from a 52-week low of $86.02. Since the beginning of this year, SPG’s stock price has dropped by -3.43% or -$4.42, and marked a new high 6 times. However, the stock has declined by -14.75% since its 52-week high.
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SPG stock investors should be aware that Simon Property Group Inc. (SPG) stock had its last reported insider trading activity 83 days ago on Jun 30. LEIBOWITZ REUBEN S, the Director of the company, purchased of 526 shares for $116.16 on Jun 30. It resulted in a $61,100 investment by the insider. HUBBARD ALLAN B added 429 shares at an average price of $116.16 on Jun 30. The insider now owns 31,026 shares following the transaction. On Jun 30, Director GLASSCOCK LARRY C bought 387 shares at $116.16 apiece. The transaction was valued at $44,954.
Valuation Metrics
Right now, Simon Property Group Inc. (SPG) has a P/E ratio of about 17.25. The stock’s beta is 1.55. Besides these, the trailing price-to-sales (P/S) ratio of 6.89, the price-to-book (PB) ratio of 13.12, and the price-to-cash flow ratio of 12.06 may also be considered.
The latest dividend of $1.90 per share was paid out, which is 2.7% more than last year’s $1.85. On Wednesday August 2 2023, a $0.05 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 8.83, and the total debt-to-equity ratio was 8.83. On the profitability front, the trailing twelve-month gross margin is 81.30% percent. In the year ended June 29, operating margins totaled 48.90%. Based on annual data, SPG earned $2.58 billion in gross profit and brought in $5.29 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.20%. Return on equity (ROE) for the past 12 months was 72.50%.
In Simon Property Group Inc.’s quarter-end financial report for June 29, it reported total debt of $24.99 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SPG’s revenue rose 6.55% to $1.35 billion during the quarter, while net income inched up to $1.37 billion. While analysts expected Simon Property Group Inc. to report $1.54 quarterly earnings, the actual figure was $1.49 per share, beating the consensus estimate by -3.20%. During the quarter, the company generated $996.98 million in EBITDA. The value of shareholders’ equity is $327.2 million.
Technical Picture
This quick technical analysis looks at Simon Property Group Inc.’s (SPG) price momentum. With a historical volatility rate of 17.04%, the RSI 9-day stood at 38.76% on 20 September.
With respect to its five-day moving average, the current Simon Property Group Inc. price is down by -3.68% percent or -$4.32. At present, SPG shares trade +1.27% above its 20-day simple moving average and -0.23% percent below its 100-day simple moving average. However, the stock is currently trading approximately -7.66% below its SMA50 and -5.26% below its SMA200.
Stochastic coefficient K was 20.53% and Stochastic coefficient D was 36.15%, while ATR was 1.76. Given the Stochastic reading of 9.29% for the 14-day period, the RSI (14) reading has been calculated as 41.62%. As of today, the MACD Oscillator reading stands at -1.21, while the 14-day reading stands at -1.22.
Analyst Ratings
Simon Property Group Inc. downgraded its rating on Simon Property Group Inc. (NYSE: SPG) to an In-line in a note to investors on August 03, 2023. The analysts firm previously had an Outperform rating on the stock.Simon Property Group Inc. (SPG) has been rated Overweight by analysts. According to 0 brokerage firms, SPG is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Simon Property Group Inc. stock as buy, with 7 recommending it as overweight.
With a median target price of $126.50, the current consensus forecast for the stock is $110.00 – $160.00. Based on these forecasts, analysts predict Simon Property Group Inc. (SPG) will achieve an average price target of $131.38.
