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In the latest session, Simon Property Group, Inc. (NYSE: SPG) closed at $151.51 up 0.97% from its previous closing price of $150.06. In other words, the price has increased by $0.97 from its previous closing price. On the day, 1.58 million shares were traded. SPG stock price reached its highest trading level at $151.55 during the session, while it also had its lowest trading level at $149.73.
Ratios:
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 19.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.65. In the meantime, Its Debt-to-Equity ratio is 8.39 whereas as Long-Term Debt/Eq ratio is at 7.65.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on December 21, 2023, Downgraded its rating to Equal-Weight and sets its target price to $143 from $132 previously.
On August 03, 2023, Evercore ISI Downgraded its rating to In-line which previously was Outperform and also lowered its target price recommendation from $131 to $129.
Wolfe Research Upgraded its Peer Perform to Outperform on July 06, 2023, while the target price for the stock was maintained at $127.
Insider Transactions:
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 Jun 28 ’24 when LEIBOWITZ REUBEN S bought 486 shares for $150.17 per share. The transaction valued at 72,983 led to the insider holds 55,001 shares of the business.
HUBBARD ALLAN B bought 397 shares of SPG for $59,617 on Jun 28 ’24. The Director now owns 33,931 shares after completing the transaction at $150.17 per share. On Jun 28 ’24, another insider, GLASSCOCK LARRY C, who serves as the Director of the company, bought 363 shares for $150.17 each. As a result, the insider paid 54,512 and bolstered with 40,390 shares of the company.
Valuation Measures:
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 56784125952 and an Enterprise Value of 74874707968. As of this moment, Simon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.26, and their Forward P/E ratio for the next fiscal year is 23.19. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.24. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.59 while its Price-to-Book (P/B) ratio in mrq is 16.95. Its current Enterprise Value per Revenue stands at 13.02 whereas that against EBITDA is 17.907.
Stock Price History:
The Beta on a monthly basis for SPG is 1.77, which has changed by 0.2276963 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, SPG has reached a high of $157.82, while it has fallen to a 52-week low of $102.11. The 50-Day Moving Average of the stock is 2.00%, while the 200-Day Moving Average is calculated to be 9.61%.
Shares Statistics:
For the past three months, SPG has traded an average of 1.42M shares per day and 1085960 over the past ten days. A total of 325.91M shares are outstanding, with a floating share count of 323.16M. Insiders hold about 0.85% of the company’s shares, while institutions hold 90.86% stake in the company. Shares short for SPG as of 1719532800 were 4590494 with a Short Ratio of 3.22, compared to 1717113600 on 4359983. Therefore, it implies a Short% of Shares Outstanding of 4590494 and a Short% of Float of 2.4500001.
Dividends & Splits
According to the company, the forward annual dividend rate for SPG is 7.75, from 7.6 in the trailing year. Against a Trailing Annual Dividend Yield of 0.05064641The stock’s 5-year Average Dividend Yield is 6.29. The current Payout Ratio is 107.21% for SPG, which recently paid a dividend on 2024-06-07 with an ex-dividend date of 1717718400. Stock splits for the company last occurred on 2014-05-29 when the company split stock in a 1063:1000 ratio.
