Currently, there are 326.27M common shares owned by the public and among those 323.51M shares have been available to trade.
The company’s stock has a 5-day price change of -3.76% and 2.42% over the past three months. SPG shares are trading 21.42% year to date (YTD), with the 12-month market performance up to 21.71% higher. It has a 12-month low price of $135.15 and touched a high of $186.00 over the same period. SPG has an average intraday trading volume of 1.40 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.98%, -2.10%, and 8.55% respectively.
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Institutional ownership of Simon Property Group, Inc (NYSE: SPG) shares accounts for 90.50% of the company’s 326.27M shares outstanding.
It has a market capitalization of $65.03B and a beta (3y monthly) value of 1.78. The stock’s trailing 12-month PE ratio is 22.62, while the earnings-per-share (ttm) stands at $7.66. The company has a PEG of 16.15 and the debt-to-equity ratio at 9.56. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.82% over the week and 1.94% over the month.
Earnings per share for the fiscal year are expected to increase by 0.06%, and -8.84% over the next financial year. EPS should grow at an annualized rate of 1.40% over the next five years, compared to 0.03% over the past 5-year period.
Looking at the support for the SPG, a number of firms have released research notes about the stock. Deutsche Bank stated their Hold rating for the stock in a research note on December 17, 2024, with the firm’s price target at $195. Evercore ISI coverage for the Simon Property Group, Inc (SPG) stock in a research note released on September 16, 2024 offered a Outperform rating with a price target of $172. Stifel was of a view on September 12, 2024 that the stock is Hold, while Piper Sandler gave the stock Neutral rating on September 03, 2024, issuing a price target of $190- $175. Morgan Stanley on their part issued Equal-Weight rating on December 21, 2023.
