Simon Property Group Inc (NYSE:SPG) – Equities researchers at Jefferies Group issued their Q1 2018 earnings per share estimates for shares of Simon Property Group in a research report issued on Monday. Jefferies Group analyst O. Okusanya forecasts that the real estate investment trust will post earnings of $2.84 per share for the quarter. Jefferies Group also issued estimates for Simon Property Group’s Q2 2018 earnings at $2.90 EPS, Q3 2018 earnings at $3.00 EPS, Q4 2018 earnings at $3.29 EPS, FY2018 earnings at $12.02 EPS, Q1 2019 earnings at $2.94 EPS, Q2 2019 earnings at $3.06 EPS, Q3 2019 earnings at $3.12 EPS, Q4 2019 earnings at $3.41 EPS and FY2020 earnings at $13.10 EPS.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $3.12 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $3.12. Simon Property Group had a return on equity of 44.93% and a net margin of 35.14%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the company posted $1.26 EPS. The firm’s revenue for the quarter was up .1% compared to the same quarter last year.

Other research analysts also recently issued reports about the company. Zacks Investment Research downgraded Simon Property Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. ValuEngine downgraded Simon Property Group from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Boenning Scattergood restated a “buy” rating and issued a $240.00 price target on shares of Simon Property Group in a research note on Thursday, February 1st. Barclays reiterated a “buy” rating and set a $190.00 target price on shares of Simon Property Group in a research report on Wednesday, January 31st. Finally, Raymond James Financial set a $185.00 target price on Simon Property Group and gave the company a “buy” rating in a research report on Sunday, December 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $191.11.

Simon Property Group (NYSE:SPG) opened at $154.09 on Tuesday. Simon Property Group has a 52 week low of $150.15 and a 52 week high of $187.35. The company has a quick ratio of 0.93, a current ratio of 1.75 and a debt-to-equity ratio of 5.87. The firm has a market capitalization of $49,300.00, a P/E ratio of 24.69, a price-to-earnings-growth ratio of 2.00 and a beta of 0.55.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th will be given a $1.95 dividend. The ex-dividend date is Tuesday, February 13th. This is an increase from Simon Property Group’s previous quarterly dividend of $1.85. This represents a $7.80 dividend on an annualized basis and a yield of 5.06%. Simon Property Group’s dividend payout ratio (DPR) is currently 125.00%.

In related news, CAO Steven K. Broadwater sold 621 shares of the firm’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $171.95, for a total value of $106,780.95. Following the completion of the sale, the chief accounting officer now directly owns 2,290 shares in the company, valued at $393,765.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 8.42% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC lifted its position in Simon Property Group by 69.7% in the third quarter. Parallel Advisors LLC now owns 772 shares of the real estate investment trust’s stock worth $124,000 after buying an additional 317 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in Simon Property Group by 791.3% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,455 shares of the real estate investment trust’s stock worth $175,000 after buying an additional 4,843 shares during the last quarter. RFG Advisory Group LLC bought a new stake in Simon Property Group in the fourth quarter worth $200,000. Ausdal Financial Partners Inc. bought a new stake in Simon Property Group in the third quarter worth $204,000. Finally, Partnervest Advisory Services LLC bought a new stake in Simon Property Group in the fourth quarter worth $204,000. Institutional investors own 47.57% of the company’s stock.

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About Simon Property Group

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.

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

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