Simon Property Group, Inc (NYSE: SPG) is 6.78% higher on its value in year-to-date trading and has touched a low of $139.22 and a high of $185.99 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 $184.38 in the last trading session, with the day’s loss setting it -0.5%.
Currently trading at $183.88, the stock is 4.27% and 4.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.39 million and changing -0.27% at the moment leaves the stock 12.14% off its SMA200. SPG registered 25.19% gain for a year compared to 6-month gain of 20.12%. The firm has a 50-day simple moving average (SMA 50) of $176.2506 and a 200-day simple moving average (SMA200) of $163.78094.
The stock witnessed a 6.41% loss in the last 1 month and extending the period to 3 months gives it a 2.72%, and is 2.66% 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 1.75% over the week and 1.81% over the month.
Simon Property Group, Inc (SPG) has around 3000 employees, a market worth around $69.04B and $5.96B in sales. Current P/E ratio is 24.37 and Fwd P/E is 27.16. Profit margin for the company is 41.26%. Distance from 52-week low is 32.08% and -1.13% from its 52-week high. The company has generated returns on investments over the last 12 months (8.88%).
The EPS is expected to shrink by -10.70% this year
The shares outstanding are 326.27M, and float is at 323.06M with Short Float at 1.58%.
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 STEWART MARTA R, the company’s Director. SEC filings show that STEWART MARTA R bought 177 shares of the company’s common stock on Dec 30 ’24 at a price of $168.59 per share for a total of $29840.0. Following the purchase, the insider now owns 14464.0 shares.
Simon Property Group, Inc disclosed in a document filed with the SEC on Dec 30 ’24 that Smith Daniel C. (Director) bought a total of 334 shares of the company’s common stock. The trade occurred on Dec 30 ’24 and was made at $168.59 per share for $56309.0. Following the transaction, the insider now directly holds 30113.0 shares of the SPG stock.
Still, SEC filings show that on Dec 30 ’24, SELIG STEFAN M (Director) acquired 187 shares at an average price of $168.59 for $31526.0. The insider now directly holds 30,260 shares of Simon Property Group, Inc (SPG).
