News stories about Simon Property Group (NYSE:SPG) have been trending somewhat positive on Wednesday, according to Accern. Accern scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Simon Property Group earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 46.3061270730751 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
A number of research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Simon Property Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Boenning Scattergood reiterated a “buy” rating and issued a $240.00 price objective on shares of Simon Property Group in a research note on Thursday, February 1st. Raymond James Financial set a $185.00 price objective on shares of Simon Property Group and gave the company a “buy” rating in a research note on Sunday, December 3rd. Barclays reiterated a “buy” rating and issued a $190.00 price objective on shares of Simon Property Group in a research note on Wednesday, January 31st. Finally, ValuEngine lowered shares of Simon Property Group from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $191.11.
Shares of Simon Property Group (NYSE SPG) traded down $1.40 during trading hours on Wednesday, reaching $154.09. 2,090,000 shares of the company’s stock traded hands, compared to its average volume of 2,090,000. The company has a debt-to-equity ratio of 5.87, a quick ratio of 0.93 and a current ratio of 1.75. Simon Property Group has a 1 year low of $150.15 and a 1 year high of $187.35. The company has a market cap of $49,300.00, a P/E ratio of 24.69, a price-to-earnings-growth ratio of 2.00 and a beta of 0.55.
Simon Property Group (NYSE:SPG) last announced its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $3.12 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $3.12. Simon Property Group had a net margin of 35.14% and a return on equity of 44.93%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the firm earned $1.26 EPS. The business’s quarterly revenue was up .1% compared to the same quarter last year. sell-side analysts forecast that Simon Property Group will post 11.99 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be issued a dividend of $1.95 per share. This is an increase from Simon Property Group’s previous quarterly dividend of $1.85. This represents a $7.80 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date is Tuesday, February 13th. Simon Property Group’s payout ratio is currently 118.59%.
In other news, CAO Steven K. Broadwater sold 621 shares of Simon Property Group stock in a transaction on Friday, December 29th. The shares were sold at an average price of $171.95, for a total transaction of $106,780.95. Following the completion of the sale, the chief accounting officer now directly owns 2,290 shares of the company’s stock, valued at approximately $393,765.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.42% of the company’s stock.
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About Simon Property Group
Simon Property Group, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. Simon Property Group, L.P. (Operating Partnership), is the Company’s partnership subsidiary that owns all of its real estate properties and other assets.
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