Simon Property Group, Inc (NYSE: SPG) is 27.13% higher on its value in year-to-date trading and has touched a low of $113.40 and a high of $179.46 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SPG stock was last observed hovering at around $179.02 in the last trading session, with the day’s gains setting it 2.32%.
Currently trading at $181.34, the stock is 4.30% and 6.92% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.46 million and changing 1.30% at the moment leaves the stock 17.14% off its SMA200. SPG registered 59.36% gain for a year compared to 6-month gain of 23.39%. The firm has a 50-day simple moving average (SMA 50) of $169.322 and a 200-day simple moving average (SMA200) of $154.6036.
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The stock witnessed a 6.18% loss in the last 1 month and extending the period to 3 months gives it a 16.30%, and is 5.33% up 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 2.36% over the week and 1.91% over the month.
Simon Property Group, Inc (SPG) has around 3000 employees, a market worth around $67.18B and $5.91B in sales. Current P/E ratio is 23.68 and Fwd P/E is 28.76. Profit margin for the company is 42.73%. Distance from 52-week low is 59.91% and 1.05% from its 52-week high. The company has generated returns on investments over the last 12 months (9.14%).
The EPS is expected to shrink by -0.09% this year.
Simon Property Group, Inc (SPG) Top Institutional Holders
1542.0 institutions hold shares in Simon Property Group, Inc (SPG), with institutional investors hold 90.75% of the company’s shares. The shares outstanding are 325.91M, and float is at 323.28M with Short Float at 1.76%. Institutions hold 89.89% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 46.18 million shares valued at $7.01 billion. The investor’s holdings represent 14.1686% of the SPG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 33.82 million shares valued at $5.13 billion to account for 10.376 of the shares outstanding. The other top investors are STATE STREET CORP which holds 21.41 million shares representing 6.5698% and valued at over $3.25 billion, while COHEN & STEERS, INC. holds 5.6826 of the shares totaling 18.52 million with a market value of $2.81 billion.
Simon Property Group, Inc (SPG) Insider Activity
The most recent transaction is an insider purchase by HUBBARD ALLAN B, the company’s Director. SEC filings show that HUBBARD ALLAN B bought 370 shares of the company’s common stock on Sep 30 ’24 at a price of $167.30 per share for a total of $61901.0. Following the purchase, the insider now owns 34301.0 shares.
Simon Property Group, Inc disclosed in a document filed with the SEC on Sep 30 ’24 that STEWART MARTA R (Director) bought a total of 172 shares of the company’s common stock. The trade occurred on Sep 30 ’24 and was made at $167.30 per share for $28776.0. Following the transaction, the insider now directly holds 14287.0 shares of the SPG stock.
Still, SEC filings show that on Sep 30 ’24, LEIBOWITZ REUBEN S (Director) acquired 453 shares at an average price of $167.30 for $75787.0. The insider now directly holds 55,454 shares of Simon Property Group, Inc (SPG).
