Simon Property Group Inc. [NYSE: SPG] stock went on a downward path that fall over -2.05% on Wednesday, amounting to a one-week price decrease of less than -0.93%. Over the last 12 months, SPG stock dropped by -24.61%. The one-year Simon Property Group Inc. stock forecast points to a potential upside of 15.11. The average equity rating for SPG stock is currently 2.30, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $44.55 billion, with 320.08 million shares outstanding and 318.99 million shares in the current float. Compared to the average trading volume of 1.80M shares, SPG stock reached a trading volume of 4947586 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Simon Property Group Inc. [SPG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SPG shares is $163.94 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SPG stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BMO Capital Markets have made an estimate for Simon Property Group Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on January 07, 2020. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $170 to $162. The new note on the price target was released on December 18, 2019, representing the official price target for Simon Property Group Inc. stock. Previously, the target price had yet another drop from $187 to $170, while Citigroup kept a Neutral rating on SPG stock.
The Average True Range (ATR) for Simon Property Group Inc. is set at 3.17, with the Price to Sales ratio for SPG stock in the period of the last 12 months amounting to 7.78. The Price to Book ratio for the last quarter was 16.26, with the Price to Cash per share for the same quarter was set at 11.39. Price to Free Cash Flow for SPG in the course of the last twelve months was 89.79.
SPG Stock Performance Analysis:
Simon Property Group Inc. [SPG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.93. With this latest performance, SPG shares dropped by -4.21% in over the last four-week period, additionally sinking by -10.42% over the last 6 months – not to mention a drop of -24.61% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SPG stock in for the last two-week period is set at 44.06, with the RSI for the last a single of trading hit 43.42, and the three-weeks RSI is set at 43.10 for Simon Property Group Inc. [SPG]. The present Moving Average for the last 50 days of trading for this stock 144.58, while it was recorded at 141.24 for the last single week of trading, and 154.64 for the last 200 days.
Insight into Simon Property Group Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Simon Property Group Inc. [SPG] shares currently have an operating margin of +36.81 and a Gross Margin at +60.70. Simon Property Group Inc.’s Net Margin is presently recorded at +36.26.
Return on Equity for this stock inclined to 71.67, with Return on Assets sitting at 6.74.
SPG Stock EPS
With the latest financial reports released by the company, Simon Property Group Inc. posted 1.78/share EPS, while the average EPS was predicted by analysts to be reported at 1.67/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 6.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SPG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Simon Property Group Inc. go to 8.60%.
Simon Property Group Inc. [SPG] Insider Position Details
There are presently around $41,735 million, or 95.50% of SPG stock, in the hands of institutional investors. The top three institutional holders of SPG stocks are: VANGUARD GROUP INC with ownership of 40,507,209, which is approximately -0.965% of the company’s market cap and around 0.45% of the total institutional ownership; BLACKROCK INC., holding 30,965,141 shares of the stock with an approximate value of $4.4 billion in SPG stocks shares; and CAPITAL WORLD INVESTORS, currently with $2.9 billion in SPG stock with ownership of nearly -9.888% of the company’s market capitalization.
Positions in Simon Property Group Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 362 institutional holders increased their position in Simon Property Group Inc. [NYSE:SPG] by around 14,556,653 shares. Additionally, 393 investors decreased positions by around 22,608,834 shares, while 96 investors held positions by with 256,578,757 shares. The mentioned changes placed institutional holdings at 293,744,244 shares, according to the latest SEC report filing. SPG stock had 82 new institutional investments in for a total of 1,742,270 shares, while 76 institutional investors sold positions of 2,984,658 shares during the same period.