After Hours
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. Earlier, Yahoo Finance discussed this stock as it revealed Simon® Embraces Environmental Transparency by Disclosing through CDP.
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Stocks Info
This NYSE-listed company operates within the REIT – Retail industry segment, falling under the Real Estate sector. At the end of the last regular session, the stock closed at $148.90 and fluctuated between $150.25 as its day high and $147.94 as its day low. The current market capitalization of Simon Property Group, Inc. is $48.58B. A total of 1.21 million shares were traded on the day, compared to an average of 1.58M shares.
Insider Activity
Insider trades can also provide insight into a stock’s future direction. During the recent three months, SPG has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 53 BUYs and 5 SELLs from insiders. Insiders purchased 61,339 shares during that period but sold 1,837.
In the most recent transaction, LEIBOWITZ REUBEN S bought 451 shares of SPG for 143.85 per share on Dec 29. After the transaction, the Director now owns 50,178 company shares. In a previous transaction on Dec 29, HUBBARD ALLAN B bought 367 shares at 143.85 per share. SPG shares that Director owns now total 31,865.
Among the insiders who bought shares, GLASSCOCK LARRY C acquired of 332 shares on Dec 29 at a per-share price of $143.85. This resulted in the Director holding 38,220 shares of SPG after the transaction. In another insider transaction, Smith Daniel C. bought 320 shares at $143.85 per share on Dec 29. Company shares held by the Director now total 27,519.
Dividend
The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Simon Property Group, Inc. pays an annual dividend of $7.45, resulting in a dividend yield of 5.00%, and it has a price to earnings (P/E) ratio of 21.42. SPG’s most recent ex-dividend date was 3/7/2024 when it declared a $1.95 quarterly dividend that was paid in cash on 3/29/2024. Previously, the company paid the dividend on 12/29/2023 with an ex-dividend date of 12/7/2023. The SPG stock dividend was $1.90 per share in cash.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for SPG in the last 3 months, the mean price target is $152.38 with high estimates of $180.00 and low estimates of $135.00. In terms of 52-week highs and lows, SPG has a high of $150.66 and a low of $100.17.
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 $S&P Global Inc. per share and a lower estimate of $Dorian LPG Ltd.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $3.51B in liabilities at the time. Its Book Value Per Share was $9.15, while its Total Shareholder’s Equity was $4.40B.
Analysts Opinion
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. 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 3.80.
