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.

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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 $50.12B. A total of 1.69 million shares were traded on the day, compared to an average of 1.38M 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

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 4.94%, and it has a price to earnings (P/E) ratio of 19.55. 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, SPG has a high of $157.82 and a low of $102.11.

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 $3.51B in liabilities at the time. Its Book Value Per Share was $8.94, while its Total Shareholder’s Equity was $4.40B.

Analysts Opinion

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 3.82.

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