Simon Property Group Inc. (NYSE: SPG) is -13.04% lower on its value in year-to-date trading and has touched a low of $86.02 and a high of $133.08 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SPG stock was last observed hovering at around $104.13 in the last trading session, with the day’s loss setting it -1.97% off its average median price target of $129.75 for the next 12 months. It is also 36.15% off the consensus price target high of $160.00 offered by 20 analysts, but current levels are 7.13% higher than the price target low of $110.00 for the same period.
Currently trading at $102.16, the stock is -5.16% and -5.66% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.11 million and changing -1.89% at the moment leaves the stock -8.51% off its SMA200. SPG registered -5.21% loss for a year compared to 6-month loss of -12.82%. The firm has a 50-day simple moving average (SMA 50) of $11.50 and a 200-day simple moving average (SMA200) of $13.50.
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The stock witnessed a -6.46% gain in the last 1 month and extending the period to 3 months gives it a -16.47%, and is -3.89% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.05% over the week and 2.32% over the month.
Simon Property Group Inc. (SPG) has around 2500 employees, a market worth around $33.46B and $5.35B in sales. Current P/E ratio is 15.47 and Fwd P/E is 15.29. Profit margin for the company is 40.40%. Distance from 52-week low is 18.76% and -23.23% from its 52-week high. The company has generated returns on investments over the last 12 months (9.20%).
Simon Property Group Inc. (SPG) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Simon Property Group Inc. (SPG) is a “Overweight”. 20 analysts offering their recommendations for the stock have an average rating of 2.30, where 10 rate it as a Hold and 1 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Simon Property Group Inc. is expected to release its quarterly report on 07/31/2023.The EPS is expected to shrink by -4.70% this year
Simon Property Group Inc. (SPG) Top Institutional Holders
The shares outstanding are 326.95M, and float is at 325.77M with Short Float at 1.87%.
Simon Property Group Inc. (SPG) Insider Activity
A total of 60 insider transactions have happened at Simon Property Group Inc. (SPG) in the last six months, with sales accounting for 15 and purchases happening 45 times. The most recent transaction is an insider purchase by SMITH J ALBERT JR, the company’s Director. SEC filings show that SMITH J ALBERT JR bought 690 shares of the company’s common stock on Mar 31 at a price of $109.33 per share for a total of $75438.0. Following the purchase, the insider now owns 60167.0 shares.
Simon Property Group Inc. disclosed in a document filed with the SEC on Mar 31 that HORN KAREN N (Director) bought a total of 551 shares of the company’s common stock. The trade occurred on Mar 31 and was made at $109.33 per share for $60241.0. Following the transaction, the insider now directly holds 34079.0 shares of the SPG stock.
Still, SEC filings show that on Mar 31, LEIBOWITZ REUBEN S (Director) acquired 506 shares at an average price of $109.33 for $55321.0. The insider now directly holds 46,808 shares of Simon Property Group Inc. (SPG).
Simon Property Group Inc. (SPG): Who are the competitors?
The company’s main competitors (and peers) include Realty Income Corporation (O) that is trading -12.09% down over the past 12 months and Kimco Realty Corporation (KIM) that is -17.93% lower over the same period. Regency Centers Corporation (REG) is -11.41% down on the 1-year trading charts.