Is Simon Property Group, Inc. (NYSE: SPG) No Longer A Good Investment?

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.

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Stocks Info

SPG belongs to the Real Estate sector of the NYSE while operating in the REIT – Retail industry. The current market capitalization of Simon Property Group, Inc. is $48.14B. A total of 1.3 million shares were traded on the day, compared to an average of 1.44M shares.

In the most recent transaction, LEIBOWITZ REUBEN S bought 438 shares of SPG for 154.19 per share on Apr 01 ’24. After the transaction, the Director now owns 53,116 company shares. In a previous transaction on Apr 01 ’24, HUBBARD ALLAN B bought 357 shares at 154.19 per share. SPG shares that Director owns now total 32,222.

Among the insiders who bought shares, GLASSCOCK LARRY C acquired of 321 shares on Apr 01 ’24 at a per-share price of $154.19. This resulted in the Director holding 38,541 shares of SPG after the transaction. In another insider transaction, Smith Daniel C. bought 310 shares at $154.19 per share on Apr 01 ’24. Company shares held by the Director now total 27,829.

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 $7.60, resulting in a dividend yield of 5.14%, and it has a price to earnings (P/E) ratio of 18.78. SPG’s most recent ex-dividend date was 6/7/2024 when it declared a $2.00 quarterly dividend that was paid in cash on 6/28/2024. Previously, the company paid the dividend on 3/29/2024 with an ex-dividend date of 3/7/2024. The SPG stock dividend was $1.95 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. In terms of 52-week highs and lows, SPG has a high of $157.82 and a low of $100.17.

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. 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 $8.94, while its Total Shareholder’s Equity was $4.40B.

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, 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 3.82.

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