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Wednesday, September 27, 2023

The Street Is Finally Waking Up 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 intact, with the stock’s consolidated last price rising by $0.33, or 0.29%, to $113.82. The Simon Property Group Inc. has recorded 244,336 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed The Falls Debuts Miami’s First-Of-Its-Kind, 120,000-Square-Foot Life Time Athletic Country Club on August 4.

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Stocks Info

Simon Property Group Inc. is listed on the NYSE as a member of the Real Estate sector and is a part of the REIT – Retail industry. The current market capitalization of Simon Property Group Inc. is $37.11B. A total of 1.57 million shares were traded on the day, compared to an average of 1.46M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, SPG has seen 10 BUY and 0 SELL insider trades, representing the acquisition of 2,636 and the disposition of 0 shares. Over the last 12 months, there were 67 BUYs and 15 SELLs from insiders. Insiders purchased 116,521 shares during that period but sold 20,227.

In the most recent transaction, LEIBOWITZ REUBEN S bought 526 shares of SPG for 116.16 per share on Jun 30. After the transaction, the Director now owns 49,147 company shares. In a previous transaction on Jun 30, HUBBARD ALLAN B bought 429 shares at 116.16 per share. SPG shares that Director owns now total 31,026.

Among the insiders who bought shares, GLASSCOCK LARRY C acquired of 387 shares on Jun 30 at a per-share price of $116.16. This resulted in the Director holding 37,461 shares of SPG after the transaction. In another insider transaction, Smith Daniel C. bought 373 shares at $116.16 per share on Jun 30. Company shares held by the Director now total 26,788.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Simon Property Group Inc. pays an annual dividend of $7.60, resulting in a dividend yield of 6.70%, and it has a price to earnings (P/E) ratio of 17.26. SPG’s most recent ex-dividend date was 9/7/2023 when it declared a $1.90 quarterly dividend that was paid in cash on 9/29/2023. Previously, the company paid the dividend on 6/30/2023 with an ex-dividend date of 6/8/2023. The SPG stock dividend was $1.85 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for SPG in the last 3 months, the mean price target is $130.79 with high estimates of $160.00 and low estimates of $106.00. 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 $Procter & Gamble Company (The) per share for the current quarter. EPS was calculated based on a consensus of SPDR S&P 500 estimates, with a high estimate of $SL Green Realty Corp per share and a lower estimate of $Spirit Aerosystems Holdings, In.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. 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 $8.65, while its Total Shareholder’s Equity was $4.40B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 3.75.

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