Simon Property Group, Inc. (NYSE: SPG) kicked off on Monday, down -1.23% from the previous trading day, before settling in for the closing price of $169.58. Over the past 52 weeks, SPG has traded in a range of $102.82-$170.87.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Real Estate sector was 0.64%. While this was happening, its average annual earnings per share was recorded 1.64%. With a float of $323.17 million, this company’s outstanding shares have now reached $325.91 million.
Considering the fact that the conglomerate employs 3000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 72.44%, operating margin of 50.95%, and the pretax margin is 50.33%.
Simon Property Group, Inc. (SPG) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the REIT – Retail Industry. The insider ownership of Simon Property Group, Inc. is 0.88%, while institutional ownership is 90.22%. The most recent insider transaction that took place on Sep 30 ’24, was worth 61,901. In this transaction Director of this company bought 370 shares at a rate of $167.30, taking the stock ownership to the 34,301 shares. Before that another transaction happened on Sep 30 ’24, when Company’s Director bought 172 for $167.30, making the entire transaction worth $28,776. This insider now owns 14,287 shares in total.
Simon Property Group, Inc. (SPG) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 1.64% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 1.61% during the next five years compared to 0.03% growth over the previous five years of trading.
Simon Property Group, Inc. (NYSE: SPG) Trading Performance Indicators
Take a look at Simon Property Group, Inc.’s (SPG) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 9.35. Likewise, its price to free cash flow for the trailing twelve months is 15.36.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.90, a number that is poised to hit 1.53 in the next quarter and is forecasted to reach 6.42 in one year’s time.
Technical Analysis of Simon Property Group, Inc. (SPG)
Compared to the last year’s volume of 1.48 million, its volume of 1.21 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 52.47%. Additionally, its Average True Range was 2.94.
During the past 100 days, Simon Property Group, Inc.’s (SPG) raw stochastic average was set at 87.19%, which indicates a significant increase from 54.27% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 14.32% in the past 14 days, which was lower than the 22.35% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $162.35, while its 200-day Moving Average is $151.02. Nevertheless, the first resistance level for the watch stands at $168.56 in the near term. At $169.62, the stock is likely to face the second major resistance level. The third major resistance level sits at $170.55. If the price goes on to break the first support level at $166.57, it is likely to go to the next support level at $165.64. Should the price break the second support level, the third support level stands at $164.58.
Simon Property Group, Inc. (NYSE: SPG) Key Stats
The company with the Market Capitalisation of 54.61 billion has total of 325,944K Shares Outstanding. Its annual sales at the moment are 5,659 M in contrast with the sum of 2,283 M annual income. Company’s last quarter sales were recorded 1,458 M and last quarter income was 494,300 K.
