Simon Property Group, Inc. (NYSE: SPG) has a price-to-earnings ratio that is above its average at 21.25x. The stock has a 36-month beta value of 1.77. Opinions on the stock are mixed, with 10 analysts rating it as a “buy,” 7 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for SPG is 323.17M, and at present, short sellers hold a 1.83% of that float. On October 11, 2024, the average trading volume of SPG was 1.45M shares.
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SPG) stock’s latest price update
Simon Property Group, Inc. (NYSE: SPG)’s stock price has gone decline by -0.83 in comparison to its previous close of 169.23, however, the company has experienced a -0.31% decrease in its stock price over the last five trading days. seekingalpha.com reported 2024-10-10 that When enjoying sustainable portfolio income is the key objective, one of the most difficult things is to balance high yield with the risk of facing a dividend cut. If a company has made a cut in the past, the investment case might become quite unattractive for such investors. Yet, there could be justified exceptions as well.
SPG’s Market Performance
SPG’s stock has fallen by -0.31% in the past week, with a monthly rise of 2.72% and a quarterly rise of 12.28%. The volatility ratio for the week is 1.52% while the volatility levels for the last 30 days are 1.64% for Simon Property Group, Inc. The simple moving average for the past 20 days is 0.21% for SPG’s stock, with a 10.85% simple moving average for the past 200 days.
Analysts’ Opinion of SPG
Many brokerage firms have already submitted their reports for SPG stocks, with Evercore ISI repeating the rating for SPG by listing it as a “Outperform.” The predicted price for SPG in the upcoming period, according to Evercore ISI is $172 based on the research report published on September 16, 2024 of the current year 2024.
Stifel, on the other hand, stated in their research note that they expect to see SPG reach a price target of $159, previously predicting the price at $157.50. The rating they have provided for SPG stocks is “Hold” according to the report published on September 12th, 2024.
Piper Sandler gave a rating of “Neutral” to SPG, setting the target price at $175 in the report published on September 03rd of the current year.
SPG Trading at 2.83% 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 -1.78% of loss for the given period.
Volatility was left at 1.64%, however, over the last 30 days, the volatility rate increased by 1.52%, as shares surge +2.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.38% upper at present.
During the last 5 trading sessions, SPG fell by -0.31%, which changed the moving average for the period of 200-days by +17.94% in comparison to the 20-day moving average, which settled at $167.48. In addition, Simon Property Group, Inc. saw 17.66% 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 HUBBARD ALLAN B, who purchase 370 shares at the price of $167.30 back on Sep 30 ’24. After this action, HUBBARD ALLAN B now owns 34,301 shares of Simon Property Group, Inc., valued at $61,901 using the latest closing price.
STEWART MARTA R, the Director of Simon Property Group, Inc., purchase 172 shares at $167.30 during a trade that took place back on Sep 30 ’24, which means that STEWART MARTA R is holding 14,287 shares at $28,776 based on the most recent closing price.
Stock Fundamentals for SPG
Current profitability levels for the company are sitting at:
- 0.51 for the present operating margin
- 0.72 for the gross margin
The net margin for Simon Property Group, Inc. stands at 0.44. The total capital return value is set at 0.1. Equity return is now at value 89.35, with 7.85 for asset returns.
Based on Simon Property Group, Inc. (SPG), the company’s capital structure generated 0.9 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 8.59. The interest coverage ratio of the stock is 3.34.
Currently, EBITDA for the company is 4.07 billion with net debt to EBITDA at 5.68. When we switch over and look at the enterprise to sales, we see a ratio of 13.58. The receivables turnover for the company is 7.36for trailing twelve months and the total asset turnover is 0.17.
Conclusion
To sum up, Simon Property Group, Inc. (SPG) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
