A new trading day began on Friday, with Simon Property Group, Inc. (NYSE: SPG) stock price up 1.47% from the previous day of trading, before settling in for the closing price of $174.35. SPG’s price has ranged from $104.05 to $176.70 over the past 52 weeks.
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Real Estate Sector giant saw their annual sales surged by 0.64% over the last five years. Meanwhile, its annual earnings per share averaged -0.80%. With a float of $323.17 million, this company’s outstanding shares have now reached $325.91 million.
The firm has a total of 3000 workers. Let’s measure their productivity. 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
As we move forward, let’s examine how large-scale investors are investing in this stock of the REIT – Retail Industry. The insider ownership of Simon Property Group, Inc. is 0.88%, while institutional ownership is 88.78%. 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
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 1.82 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.85 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -0.80% 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
Here are Simon Property Group, Inc.’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 9.88. Likewise, its price to free cash flow for the trailing twelve months is 16.22.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.90, a number that is poised to hit 1.47 in the next quarter and is forecasted to reach 6.25 in one year’s time.
Technical Analysis of Simon Property Group, Inc. (SPG)
Analysing the last 5-days average volume posted by the [Simon Property Group, Inc., SPG], we can find that recorded value of 1.13 million was lower than the volume posted last year of 1.46 million. As of the previous 9 days, the stock’s Stochastic %D was 86.81%. Additionally, its Average True Range was 2.99.
During the past 100 days, Simon Property Group, Inc.’s (SPG) raw stochastic average was set at 99.50%, which indicates a significant increase from 98.54% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 14.38% in the past 14 days, which was lower than the 22.10% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $165.76, while its 200-day Moving Average is $152.33. Now, the first resistance to watch is $178.22. This is followed by the second major resistance level at $179.52. The third major resistance level sits at $181.96. If the price goes on to break the first support level at $174.48, it is likely to go to the next support level at $172.04. Should the price break the second support level, the third support level stands at $170.74.
Simon Property Group, Inc. (NYSE: SPG) Key Stats
With a market capitalization of 57.68 billion, the company has a total of 325,944K Shares Outstanding. Currently, annual sales are 5,659 M while annual income is 2,283 M. The company’s previous quarter sales were 1,458 M while its latest quarter income was 494,300 K.
