News stories about Simon Property Group (NYSE:SPG) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Simon Property Group earned a news impact score of 0.20 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 47.2871540477952 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern’s rankings:
- Stock’s Volatility Analysis – Simon Property Group Inc. (NYSE:SPG) (guruobserver.com)
- Stocks To Buy And Ignore For A Decade: Grupo Televisa, SAB (TV), Simon Property Group, Inc. (SPG) (gvtimes.com)
- New Senior Investment Group Inc. (SNR) Ex-Dividend Date Scheduled for September 06, 2018 (nasdaq.com)
- Trading Update on Shares of Simon Property Group, Inc. (NYSE:SPG): Week Performance is Currently 0.9773977 (hawthorncaller.com)
- Blustering Stocks: InspireMD, Inc. (NYSE:NSPR), Archrock, Inc. (NYSE:AROC), Simon Property Group, Inc. (NYSE:SPG) (journalfinance.net)
NYSE:SPG opened at $182.41 on Thursday. The stock has a market capitalization of $58.63 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 2.51 and a beta of 0.52. The company has a debt-to-equity ratio of 6.13, a quick ratio of 1.13 and a current ratio of 1.13. Simon Property Group has a 12-month low of $145.78 and a 12-month high of $183.89.
Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Monday, July 30th. The real estate investment trust reported $1.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.13. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. Simon Property Group had a net margin of 40.11% and a return on equity of 55.59%. The company’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.23 EPS. analysts forecast that Simon Property Group will post 12.12 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Friday, August 17th were issued a dividend of $2.00 per share. This is a positive change from Simon Property Group’s previous quarterly dividend of $1.94. This represents a $8.00 annualized dividend and a dividend yield of 4.39%. The ex-dividend date was Thursday, August 16th. Simon Property Group’s dividend payout ratio is presently 71.36%.
A number of research analysts have issued reports on SPG shares. Jefferies Financial Group restated a “$170.72” rating and issued a $194.00 target price on shares of Simon Property Group in a report on Wednesday, July 18th. Citigroup upped their target price on shares of Simon Property Group from $187.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. BMO Capital Markets restated a “buy” rating and issued a $175.00 target price on shares of Simon Property Group in a report on Monday, July 30th. Mizuho restated a “buy” rating and issued a $188.00 target price on shares of Simon Property Group in a report on Wednesday, August 1st. Finally, ValuEngine upgraded shares of Simon Property Group from a “sell” rating to a “hold” rating in a report on Tuesday, June 5th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $188.23.
In other news, CAO Steven K. Broadwater sold 859 shares of the stock in a transaction dated Friday, June 29th. The shares were sold at an average price of $170.28, for a total transaction of $146,270.52. Following the transaction, the chief accounting officer now directly owns 1,734 shares in the company, valued at approximately $295,265.52. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John Rulli sold 1,330 shares of the stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $177.05, for a total transaction of $235,476.50. The disclosure for this sale can be found here. Corporate insiders own 8.64% of the company’s stock.
About Simon Property Group
Simon is a global leader in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.
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