After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Simon Property Group Inc. (SPG) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.57, or -0.46%, to $123.51. The Simon Property Group Inc. has recorded 32,138 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Clip Money Partners with International Fuel Distributor and Retailer to Offer 24/7 Business Deposit Solution.
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Stocks Info
SPG belongs to the Real Estate sector of the NYSE while operating in the REIT – Retail industry. At the end of the last regular session, the stock closed at $124.08 and fluctuated between $124.43 as its day high and $122.73 as its day low. The current market capitalization of Simon Property Group Inc. is $40.16B. A total of 1.06 million shares were traded on the day, compared to an average of 1.56M shares.
Insider Activity
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, SPG has seen 20 BUY and 8 SELL insider trades, representing the acquisition of 57,055 and the disposition of 16,365 shares. Over the last 12 months, there were 58 BUYs and 10 SELLs from insiders. Insiders purchased 87,029 shares during that period but sold 17,130.
In the most recent transaction, SMITH J ALBERT JR bought 639 shares of SPG for 116.42 per share on Dec 30. After the transaction, the Director now owns 59,477 company shares. In a previous transaction on Dec 30, HORN KAREN N bought 510 shares at 116.42 per share. SPG shares that Director owns now total 33,528.
Among the insiders who bought shares, LEIBOWITZ REUBEN S acquired of 468 shares on Dec 30 at a per-share price of $116.42. This resulted in the Director holding 46,302 shares of SPG after the transaction. In another insider transaction, HUBBARD ALLAN B bought 378 shares at $116.42 per share on Dec 30. Company shares held by the Director now total 28,488.
Dividend
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Simon Property Group Inc. pays an annual dividend of $7.20, resulting in a dividend yield of 5.80%, and it has a price to earnings (P/E) ratio of 19.03. SPG’s most recent ex-dividend date was 3/9/2023 when it declared a $1.80 quarterly dividend that was paid in cash on 3/31/2023. Previously, the company paid the dividend on 12/30/2022 with an ex-dividend date of 12/8/2022. The SPG stock dividend was $1.80 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for SPG in the last 3 months, the mean price target is $131.87 with high estimates of $160.00 and low estimates of $110.00. In terms of 52-week highs and lows, SPG has a high of $140.94 and a low of $86.02.
As of this writing, SPG has an earnings estimate of $1.38 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $1.46 per share and a lower estimate of $1.33. The company reported an EPS of $1.65 in the last quarter, which was 14.60% higher than expectations of $1.44.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.
Analysts Opinion
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 20 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SPG is Sell with a score of 4.08. A total of 9 analysts rated the stock as Buy while 1 rated it as Overweight while 10 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.
