News headlines about Simon Property Group (NYSE:SPG) have been trending somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Simon Property Group earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 46.7331711859671 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s rankings:
Shares of SPG stock traded up $0.71 during trading hours on Friday, hitting $159.49. 961,469 shares of the company were exchanged, compared to its average volume of 1,806,067. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 5.93. Simon Property Group has a 52 week low of $145.78 and a 52 week high of $173.02. The company has a market capitalization of $51.02 billion, a price-to-earnings ratio of 14.23, a P/E/G ratio of 2.15 and a beta of 0.55.
Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Friday, April 27th. The real estate investment trust reported $2.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.83 by $0.04. Simon Property Group had a net margin of 37.36% and a return on equity of 50.24%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the firm earned $1.53 earnings per share. The firm’s revenue was up 4.0% compared to the same quarter last year. equities analysts expect that Simon Property Group will post 12.02 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 31st. Investors of record on Thursday, May 17th will be given a $1.94 dividend. This represents a $7.76 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date is Wednesday, May 16th. Simon Property Group’s dividend payout ratio (DPR) is currently 69.58%.
SPG has been the subject of several recent analyst reports. Boenning Scattergood reaffirmed a “buy” rating and issued a $240.00 target price on shares of Simon Property Group in a research note on Monday, April 30th. Zacks Investment Research raised shares of Simon Property Group from a “sell” rating to a “hold” rating in a research note on Tuesday, March 20th. ValuEngine downgraded shares of Simon Property Group from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. JPMorgan Chase & Co. downgraded shares of Simon Property Group from an “overweight” rating to a “neutral” rating in a research note on Tuesday, March 27th. Finally, Barclays reissued a “buy” rating and set a $190.00 price objective on shares of Simon Property Group in a research report on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $184.43.
About Simon Property Group
Simon is a global leader in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.
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