Equities analysts expect Simon Property Group Inc (NYSE:SPG) to report sales of $1.43 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Simon Property Group’s earnings, with estimates ranging from $1.36 billion to $1.49 billion. Simon Property Group also reported sales of $1.43 billion in the same quarter last year. The company is expected to issue its next earnings report on Tuesday, January 30th.

On average, analysts expect that Simon Property Group will report full-year sales of $1.43 billion for the current fiscal year, with estimates ranging from $5.16 billion to $5.60 billion. For the next financial year, analysts forecast that the firm will report sales of $5.68 billion per share, with estimates ranging from $5.35 billion to $5.91 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Simon Property Group.

Simon Property Group (NYSE:SPG) last announced its earnings results on Friday, October 27th. The real estate investment trust reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.01. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Simon Property Group had a net margin of 31.96% and a return on equity of 41.85%. The business’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.70 EPS.

Several analysts have recently issued reports on SPG shares. Zacks Investment Research upgraded shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $182.00 target price on the stock in a research report on Wednesday, October 11th. Mizuho set a $183.00 price objective on shares of Simon Property Group and gave the stock a “buy” rating in a research report on Sunday, October 29th. BMO Capital Markets set a $175.00 price objective on shares of Simon Property Group and gave the stock a “buy” rating in a research report on Friday, October 27th. Boenning Scattergood set a $240.00 price objective on shares of Simon Property Group and gave the stock a “buy” rating in a research report on Monday, October 30th. Finally, Argus reduced their price objective on shares of Simon Property Group from $200.00 to $195.00 and set a “buy” rating on the stock in a research report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $191.11.

In other news, CAO Steven K. Broadwater sold 621 shares of the firm’s stock in a transaction that occurred on Saturday, December 29th. The shares were sold at an average price of $171.95, for a total transaction of $106,780.95. Following the transaction, the chief accounting officer now directly owns 2,290 shares of the company’s stock, valued at $393,765.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 8.42% of the company’s stock.

Several large investors have recently modified their holdings of SPG. Parallel Advisors LLC boosted its stake in shares of Simon Property Group by 69.7% during the third quarter. Parallel Advisors LLC now owns 772 shares of the real estate investment trust’s stock valued at $124,000 after purchasing an additional 317 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in shares of Simon Property Group by 0.7% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 973 shares of the real estate investment trust’s stock valued at $157,000 after purchasing an additional 7 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Simon Property Group by 791.3% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,455 shares of the real estate investment trust’s stock valued at $175,000 after purchasing an additional 4,843 shares in the last quarter. Ausdal Financial Partners Inc. bought a new position in shares of Simon Property Group during the third quarter valued at approximately $204,000. Finally, Probity Advisors Inc. bought a new position in shares of Simon Property Group during the third quarter valued at approximately $211,000. 47.38% of the stock is currently owned by institutional investors and hedge funds.

Shares of Simon Property Group (NYSE:SPG) opened at $165.51 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 5.57. The stock has a market cap of $52,960.00, a PE ratio of 29.24, a PEG ratio of 2.07 and a beta of 0.62. Simon Property Group has a 1 year low of $150.15 and a 1 year high of $187.35.

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Simon Property Group Company Profile

Simon Property Group, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. Simon Property Group, L.P. (Operating Partnership), is the Company’s partnership subsidiary that owns all of its real estate properties and other assets.

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Earnings History and Estimates for Simon Property Group (NYSE:SPG)

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