Media headlines about Simon Property Group (NYSE:SPG) have been trending somewhat positive recently, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Simon Property Group earned a news impact score of 0.15 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 46.1127886340594 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- The operator of three Charlotte-area malls is suing Starbucks over Teavana closures (bizjournals.com)
- Simon Property Group Stock Sees Short Interest Expand By 14.7% (nasdaq.com)
- Simon Property Group, Inc. breached its 50 day moving average in a Bearish Manner : SPG-US : September 13, 2017 (finance.yahoo.com)
- Simon Opens The Shops At Clearfork In Fort Worth, Texas (finance.yahoo.com)
- Sotherly Hotels Inc. (SOHO) Ex-Dividend Date Scheduled for September 14, 2017 – Nasdaq (nasdaq.com)
SPG has been the subject of a number of research reports. Jefferies Group LLC restated a “buy” rating and set a $190.00 price objective on shares of Simon Property Group in a research report on Monday, July 17th. Goldman Sachs Group, Inc. (The) upgraded Simon Property Group from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $175.00 to $185.00 in a research report on Tuesday, June 20th. Argus decreased their price objective on Simon Property Group from $225.00 to $210.00 and set a “buy” rating for the company in a research report on Thursday, June 29th. Mizuho upgraded Simon Property Group from a “neutral” rating to a “buy” rating and set a $178.00 price objective for the company in a research report on Tuesday, May 30th. Finally, Boenning Scattergood set a $240.00 price objective on Simon Property Group and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $193.76.
Shares of Simon Property Group (SPG) traded up 2.07% on Thursday, hitting $163.75. The company had a trading volume of 1,770,268 shares. The firm has a market capitalization of $50.90 billion, a P/E ratio of 29.18 and a beta of 0.58. Simon Property Group has a 12-month low of $150.15 and a 12-month high of $215.56. The firm has a 50 day moving average of $159.47 and a 200-day moving average of $163.26.
Simon Property Group (NYSE:SPG) last issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $2.47 EPS for the quarter, beating the consensus estimate of $2.44 by $0.03. Simon Property Group had a return on equity of 39.29% and a net margin of 32.07%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the prior year, the firm posted $2.63 earnings per share. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, equities analysts predict that Simon Property Group will post $6.35 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Thursday, August 17th were given a dividend of $1.80 per share. The ex-dividend date was Tuesday, August 15th. This is a boost from Simon Property Group’s previous quarterly dividend of $1.75. This represents a $7.20 annualized dividend and a yield of 4.40%. Simon Property Group’s dividend payout ratio is 127.89%.
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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