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Saturday, June 3, 2023

There’s No Need To Panic Or Freeze When It Comes To Simon Property Group Inc. (NYSE: SPG)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Simon Property Group Inc. (SPG) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.37, or -0.33%, to $113.12. The Simon Property Group Inc. has recorded 42,393 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Simon® Announces Date For Its First Quarter 2023 Earnings Release And Conference Call.

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Stocks Info

The company is listed on the NYSE and operates within the REIT – Retail industry segment. At the end of the last regular session, the stock closed at $113.49 and fluctuated between $114.95 as its day high and $113.00 as its day low. The current market capitalization of Simon Property Group Inc. is $36.19B. A total of 1.32 million shares were traded on the day, compared to an average of 1.60M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, SPG has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 165 and the disposition of 0 shares. Over the last 12 months, there were 46 BUYs and 10 SELLs from insiders. Insiders purchased 79,159 shares during that period but sold 18,390.

In the most recent transaction, SMITH J ALBERT JR bought 690 shares of SPG for 109.33 per share on Mar 31. After the transaction, the Director now owns 60,167 company shares. In a previous transaction on Mar 31, HORN KAREN N bought 551 shares at 109.33 per share. SPG shares that Director owns now total 34,079.

Among the insiders who bought shares, LEIBOWITZ REUBEN S acquired of 506 shares on Mar 31 at a per-share price of $109.33. This resulted in the Director holding 46,808 shares of SPG after the transaction. In another insider transaction, HUBBARD ALLAN B bought 409 shares at $109.33 per share on Mar 31. Company shares held by the Director now total 28,897.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Simon Property Group Inc. pays an annual dividend of $7.20, resulting in a dividend yield of 6.34%, and it has a price to earnings (P/E) ratio of 17.41. 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.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for SPG in the last 3 months, the mean price target is $132.06 with high estimates of $160.00 and low estimates of $111.00. In terms of 52-week highs and lows, SPG has a high of $133.08 and a low of $86.02.

As of this writing, SPG has an earnings estimate of $1.39 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 $1.34. 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 equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. SPG’s latest balance sheet shows that the firm has $533.94M in Cash & Short Term Investments as of fiscal 2021. There were $25.83B in debt and $3.01B in liabilities at the time. Its Book Value Per Share was $9.47, while its Total Shareholder’s Equity was $4.40B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 4.00. 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.

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