In the latest session, Simon Property Group Inc. (NYSE: SPG) closed at $102.16 down -1.89% from its previous closing price of $104.13. In other words, the price has decreased by -$1.97 from its previous closing price. On the day, 1106081 shares were traded. SPG stock price reached its highest trading level at $103.82 during the session, while it also had its lowest trading level at $101.94.
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For a deeper understanding of Simon Property Group Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 28.96 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 40.29. In the meantime, Its Debt-to-Equity ratio is 8.63 whereas as Long-Term Debt/Eq ratio is at 8.63.
Upgrades & Downgrades
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 31 when SMITH J ALBERT JR bought 690 shares for $109.33 per share. The transaction valued at 75,438 led to the insider holds 60,167 shares of the business.
HORN KAREN N bought 551 shares of SPG for $60,241 on Mar 31. The Director now owns 34,079 shares after completing the transaction at $109.33 per share. On Mar 31, another insider, LEIBOWITZ REUBEN S, who serves as the Director of the company, bought 506 shares for $109.33 each. As a result, the insider paid 55,321 and bolstered with 46,808 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SPG now has a Market Capitalization of 36.61B and an Enterprise Value of 61.49B. As of this moment, Simon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.47, and their Forward P/E ratio for the next fiscal year is 15.29. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.80. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.26 while its Price-to-Book (P/B) ratio in mrq is 11.28. Its current Enterprise Value per Revenue stands at 11.50 whereas that against EBITDA is 13.50.
Stock Price History:
Over the past 52 weeks, SPG has reached a high of $133.08, while it has fallen to a 52-week low of $86.02. The 50-Day Moving Average of the stock is 108.09, while the 200-Day Moving Average is calculated to be 111.63.
For the past three months, SPG has traded an average of 1.54M shares per day and 1.26M over the past ten days. A total of 326.95M shares are outstanding, with a floating share count of 325.77M. Insiders hold about 0.10% of the company’s shares, while institutions hold 83.00% stake in the company. Shares short for SPG as of May 14, 2023 were 6.18M with a Short Ratio of 6.08M, compared to 6.53M on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.89% and a Short% of Float of 2.57%.
Dividends & Splits
According to the company, the forward annual dividend rate for SPG is 7.40, from 7.05 in the trailing year. Against a Trailing Annual Dividend Yield of 6.77%, it implies a Forward Annual Dividend Yield of 7.24%. The stock’s 5-year Average Dividend Yield is 6.00. The current Payout Ratio is 106.80% for SPG, which recently paid a dividend on Jun 29, 2023 with an ex-dividend date of Jun 07, 2023. Stock splits for the company last occurred on May 28, 2014 when the company split stock in a 1063:1000 ratio.
There are 2 different market analysts currently analyzing its stock. On average, analysts expect EPS of $1.62 for the current quarter, with a high estimate of $1.63 and a low estimate of $1.61, while EPS last year was $1.51. The consensus estimate for the next quarter is $1.64, with high estimates of $1.69 and low estimates of $1.6.
Analysts are recommending an EPS of between $6.6 and $5.51 for the fiscal current year, implying an average EPS of $6.05. EPS for the following year is $6.68, with 3 analysts recommending between $7.51 and $5.56.
A total of 6 analysts believe the company’s revenue will be $1.25B this quarter.It ranges from a high estimate of $1.27B to a low estimate of $1.23B. As of the current estimate, Simon Property Group Inc.’s year-ago sales were $1.19B, an estimated increase of 4.60% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $1.27B, an increase of 3.20% less than the figure of $4.60% in the same quarter last year. There is a high estimate of $1.29B for the next quarter, whereas the lowest estimate is $1.25B.
A total of 9 analysts have provided revenue estimates for SPG’s current fiscal year. The highest revenue estimate was $5.16B, while the lowest revenue estimate was $4.87B, resulting in an average revenue estimate of $5.07B. In the same quarter a year ago, actual revenue was $4.91B, up 3.40% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $5.18B in the next fiscal year. The high estimate is $5.29B and the low estimate is $4.97B. The average revenue growth estimate for next year is up 2.10% from the average revenue estimate for this year.