Simon Property Group Inc. [NYSE: SPG] traded at a low on 08/31/20, posting a -2.85 loss after which it closed the day’ session at $67.85.
The results of the trading session contributed to over 4074661 shares changing hands. Over the past one week, the price volatility of Simon Property Group Inc. stands at 4.29% while the volatility over the past one month is 4.42%.
The market cap for SPG stock reached $20.08 billion, with 305.88 million shares outstanding and 304.35 million shares in the current float. Compared to the average trading volume of 7.69M shares, SPG reached a trading volume of 4074661 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 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 $86.14 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 2.50. 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.
Goldman have made an estimate for Simon Property Group Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 01, 2020. While these analysts kept the previous recommendation, Compass Point raised their target price to Buy. The new note on the price target was released on June 04, 2020, representing the official price target for Simon Property Group Inc. stock. Previously, the target price had yet another drop from $130 to $60, while Wells Fargo kept a Equal Weight rating on SPG stock.
The Average True Range (ATR) for Simon Property Group Inc. is set at 2.96, with the Price to Sales ratio for SPG stock in the period of the last 12 months amounting to 3.77. The Price to Book ratio for the last quarter was 10.44, with the Price to Cash per share for the same quarter was set at 11.17.
How has SPG stock performed recently?
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 -0.95. With this latest performance, SPG shares gained by 8.82% in over the last four-week period, additionally sinking by -44.60% over the last 6 months – not to mention a drop of -54.44% 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 53.21, with the RSI for the last a single of trading hit 54.83, and the three-weeks RSI is set at 52.87 for Simon Property Group Inc. [SPG]. The present Moving Average for the last 50 days of trading for this stock 65.04, while it was recorded at 68.04 for the last single week of trading, and 94.45 for the last 200 days.
Simon Property Group Inc. [SPG]: Deeper insight into the 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 +35.95 and a Gross Margin at +60.14. Simon Property Group Inc.’s Net Margin is presently recorded at +36.78.
Return on Total Capital for SPG is now 7.40, given the latest momentum, and Return on Invested Capital for the company is 8.43. Return on Equity for this stock inclined to 71.67, with Return on Assets sitting at 6.74. When it comes to the capital structure of this company, Simon Property Group Inc. [SPG] has a Total Debt to Total Equity ratio set at 976.89. Additionally, SPG Total Debt to Total Capital is recorded at 90.71, with Total Debt to Total Assets ending up at 79.02. Long-Term Debt to Equity for the company is recorded at 877.24, with the Long-Term Debt to Total Capital now at 80.09.
Reflecting on the efficiency of the workforce at the company, Simon Property Group Inc. [SPG] managed to generate an average of $463,711 per employee. Receivables Turnover for the company is 7.11 with a Total Asset Turnover recorded at a value of 0.18.
Earnings analysis for Simon Property Group Inc. [SPG]
With the latest financial reports released by the company, Simon Property Group Inc. posted 1.77/share EPS, while the average EPS was predicted by analysts to be reported at 1.69/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 4.70%. 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%.
Insider trade positions for Simon Property Group Inc. [SPG]
There are presently around $18,981 million, or 91.50% of SPG stock, in the hands of institutional investors. The top three institutional holders of SPG stocks are: VANGUARD GROUP INC with ownership of 39,625,799, which is approximately -1.769% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 31,738,550 shares of the stock with an approximate value of $2.15 billion in SPG stocks shares; and STATE STREET CORP, currently with $1.34 billion in SPG stock with ownership of nearly -2.672% of the company’s market capitalization.
Positions in Simon Property Group Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 339 institutional holders increased their position in Simon Property Group Inc. [NYSE:SPG] by around 33,145,743 shares. Additionally, 376 investors decreased positions by around 47,219,448 shares, while 73 investors held positions by with 199,383,563 shares. The mentioned changes placed institutional holdings at 279,748,754 shares, according to the latest SEC report filing. SPG stock had 117 new institutional investments in for a total of 4,268,043 shares, while 102 institutional investors sold positions of 7,374,963 shares during the same period.