Simon Property Group, Inc (NYSE: SPG) is -3.69% lower on its value in year-to-date trading and has touched a low of $139.22 and a high of $190.13 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 $168.45 in the last trading session, with the day’s loss setting it -2.6%.
Currently trading at $165.85, the stock is -2.18% and -5.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.67 million and changing -1.54% at the moment leaves the stock -1.31% off its SMA200. SPG registered 9.82% gain for a year compared to 6-month gain of -2.50%. The firm has a 50-day simple moving average (SMA 50) of $175.3388 and a 200-day simple moving average (SMA200) of $168.068.
The stock witnessed a -9.98% loss in the last 1 month and extending the period to 3 months gives it a -3.23%, and is 0.85% 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 2.41% over the week and 2.72% over the month.
Simon Property Group, Inc (SPG) has around 3000 employees, a market worth around $62.53B and $5.96B in sales. Current P/E ratio is 21.98 and Fwd P/E is 24.48. Profit margin for the company is 41.90%. Distance from 52-week low is 19.13% and -12.77% from its 52-week high. The company has generated returns on investments over the last 12 months (9.97%).
The EPS is expected to shrink by -11.81% this year
1651.0 institutions hold shares in Simon Property Group, Inc (SPG), with institutional investors hold 92.99% of the company’s shares. The shares outstanding are 326.27M, and float is at 323.45M with Short Float at 1.61%. Institutions hold 92.12% 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 10.3719 of the shares outstanding. The other top investors are STATE STREET CORP which holds 21.41 million shares representing 6.5673 and valued at over $3.25 billion, while COHEN & STEERS, INC. holds 5.6804 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).
