The stock of Simon Property Group, Inc. (NYSE: SPG) has decreased by -1.71 when compared to last closing price of 150.45.Despite this, the company has seen a gain of 0.14% in its stock price over the last five trading days. zacks.com reported 2024-06-24 that Simon Property (SPG) is poised to benefit from its portfolio of premium assets, a focus on omnichannel retailing and strategic buyouts, though higher e-commerce adoption and high rates are worrisome.
Is It Worth Investing in Simon Property Group, Inc. (NYSE: SPG) Right Now?
The price-to-earnings ratio for Simon Property Group, Inc. (NYSE: SPG) is above average at 18.80x, Company’s 36-month beta value is 1.77.Analysts have differing opinions on the stock, with 10 analysts rating it as a “buy,” 7 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for SPG is 323.16M, and currently, short sellers hold a 1.35% ratio of that floaft. The average trading volume of SPG on June 26, 2024 was 1.39M shares.
SPG’s Market Performance
The stock of Simon Property Group, Inc. (SPG) has seen a 0.14% increase in the past week, with a 2.22% rise in the past month, and a -2.11% fall in the past quarter. The volatility ratio for the week is 1.88%, and the volatility levels for the past 30 days are at 1.53% for SPG. The simple moving average for the last 20 days is -1.39% for SPG’s stock, with a simple moving average of 8.87% for the last 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 0.74% 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 -6.30% of loss for the given period.
Volatility was left at 1.53%, however, over the last 30 days, the volatility rate increased by 1.88%, as shares sank -0.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.11% upper at present.
During the last 5 trading sessions, SPG rose by +0.14%, which changed the moving average for the period of 200-days by +29.20% in comparison to the 20-day moving average, which settled at $149.96. In addition, Simon Property Group, Inc. saw 3.67% 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
- 0.77 for the gross margin
The net margin for Simon Property Group, Inc. stands at 0.32. The total capital return value is set at 0.09. Equity return is now at value 84.82, with 7.74 for asset returns.
Based on Simon Property Group, Inc. (SPG), the company’s capital structure generated 0.89 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 8.22. The interest coverage ratio of the stock is 3.25.
Currently, EBITDA for the company is 4.07 billion with net debt to EBITDA at 5.73. When we switch over and look at the enterprise to sales, we see a ratio of 12.69. The receivables turnover for the company is 7.25for trailing twelve months and the total asset turnover is 0.17.
Conclusion
In a nutshell, Simon Property Group, Inc. (SPG) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
