Should You Invest in Simon Property Group, Inc. (SPG) Now?

Simon Property Group, Inc. (NYSE: SPG) has a higher price-to-earnings ratio of 21.59x compared to its average ratio, The 36-month beta value for SPG is at 1.70. Analysts have varying views on the stock, with 10 analysts rating it as a “buy,” 7 rating it as “overweight,” 5 as “hold,” and 0 as “sell.”

The public float for SPG is 323.15M, and currently, shorts hold a 1.25% of that float. The average trading volume for SPG on April 03, 2024 was 1.57M shares.

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SPG) stock’s latest price update

Simon Property Group, Inc. (NYSE: SPG) has seen a decline in its stock price by -2.24 in relation to its previous close of 153.48. However, the company has experienced a -0.68% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-02 that REITs Prioritize Maintenance Spending: Public REITs prioritize maintenance capex, ensuring property upkeep and tenant satisfaction while minimizing investor risk. Divergent Capital Allocation Strategies: Public REITs emphasize long-term returns through property maintenance, while private equity models often defer maintenance for short-term profit, risking occupancy and tenant satisfaction. REITs’ Competitive Edge: With ample capital and a focus on property upkeep, public REITs can seize market share by acquiring discounted properties burdened with deferred maintenance and high leverage.

SPG’s Market Performance

SPG’s stock has fallen by -0.68% in the past week, with a monthly drop of -0.27% and a quarterly rise of 5.19%. The volatility ratio for the week is 1.69% while the volatility levels for the last 30 days are 1.85% for Simon Property Group, Inc. The simple moving average for the past 20 days is -1.37% for SPG’s stock, with a 17.99% simple moving average for the past 200 days.

Analysts’ Opinion of SPG

Many brokerage firms have already submitted their reports for SPG stocks, with Morgan Stanley repeating the rating for SPG by listing it as a “Equal-Weight.” The predicted price for SPG in the upcoming period, according to Morgan Stanley is $143 based on the research report published on December 21, 2023 of the previous year 2023.

Evercore ISI, on the other hand, stated in their research note that they expect to see SPG reach a price target of $129, previously predicting the price at $131. The rating they have provided for SPG stocks is “In-line” according to the report published on August 03rd, 2023.

Wolfe Research gave a rating of “Outperform” to SPG, setting the target price at $127 in the report published on July 06th of the previous year.

SPG Trading at 1.58% from the 50-Day Moving Average

After a stumble in the market that brought SPG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.93% of loss for the given period.

Volatility was left at 1.85%, however, over the last 30 days, the volatility rate increased by 1.69%, as shares sank -1.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.95% upper at present.

During the last 5 trading sessions, SPG fell by -0.68%, which changed the moving average for the period of 200-days by +35.29% in comparison to the 20-day moving average, which settled at $152.00. In addition, Simon Property Group, Inc. saw 5.19% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at SPG starting from LEIBOWITZ REUBEN S, who purchase 438 shares at the price of $154.19 back on Apr 01 ’24. After this action, LEIBOWITZ REUBEN S now owns 53,116 shares of Simon Property Group, Inc., valued at $67,535 using the latest closing price.

HUBBARD ALLAN B, the Director of Simon Property Group, Inc., purchase 357 shares at $154.19 during a trade that took place back on Apr 01 ’24, which means that HUBBARD ALLAN B is holding 32,222 shares at $55,046 based on the most recent closing price.

Stock Fundamentals for SPG

Current profitability levels for the company are sitting at:

  • 0.5 for the present operating margin
  • 0.83 for the gross margin

The net margin for Simon Property Group, Inc. stands at 0.27. The total capital return value is set at 0.09. Equity return is now at value 75.03, with 6.87 for asset returns.

Based on Simon Property Group, Inc. (SPG), the company’s capital structure generated 0.91 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 9.59. The interest coverage ratio of the stock is 3.28.

Currently, EBITDA for the company is 4.07 billion with net debt to EBITDA at 5.93. When we switch over and look at the enterprise to sales, we see a ratio of 13.12. The receivables turnover for the company is 3.99for trailing twelve months and the total asset turnover is 0.17.

Conclusion

In conclusion, Simon Property Group, Inc. (SPG) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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