With 1.38 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.44 million shares. During the session, the REIT – Retail company that operates in wider Real Estate sector, reached to the highest price of $181.42 whereas the lowest price it dropped to was $177.79. The 52-week range on SPG shows that it touched its highest point at $186.00 and its lowest point at $137.25 during that stretch. It currently has a 1-year price target of $189.76. With its current market cap of 67.65 billion, SPG has annualized dividend of $8.10 while the current yield stands at 4.50%. SPG paid its most recent dividend on 1733702400, while the ex-dividend date for that was 1733702400. Beta for the stock currently stands at 1.82.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SPG was up-trending over the past week, with a rise of 2.49%, but this was up by 3.30% over a month. Three-month performance surged to 4.65% while six-month performance rose 15.84%. The stock gained 31.71% in the past year, while it has gained 4.62% so far this year. A look at the trailing 12-month EPS for SPG yields 7.55 with Next year EPS estimates of 6.80. For the next quarter, that number is 1.44. This implies an EPS growth rate of -10.39% for this year and 4.46% for next year. EPS is expected to decline by -2.83% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 2.13%.
Float and Shares Shorts:
At present, 326.27 million SPG shares are outstanding with a float of 323.51 million shares on hand for trading. On 2025-01-15, short shares totaled 5.44 million, which was 167.0 higher than short shares on 1734048000. In addition to Mr. David E. Simon as the firm’s Chairman, CEO & President, Mr. Brian J. McDade serves as its Executive VP & CFO.
Institutional Ownership:
Through their ownership of 0.91809 of SPG’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, SPG reported revenue of $1480710000.0 and operating income of $767769000.0. The EBITDA in the recently reported quarter was $1168178000.0 and diluted EPS was $1.46.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SPG since 9 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SPG analysts setting a high price target of 220.0 and a low target of 160.0, the average target price over the next 12 months is 188.94444. Based on these targets, SPG could surge 22.11% to reach the target high and fall by -11.19% to reach the target low. Reaching the average price target will result in a growth of 4.87% from current levels.
Analysts have provided yearly estimates in a range of $7.13869 being high and $7.02766 being low. For SPG, this leads to a yearly average estimate of $7.06097. Based on analyst estimates, the high estimate for the next quarter is $1.65 and the low estimate is $1.24. The average estimate for the next quarter is thus $1.53.
