Simon Property Group (SPG) Getting Somewhat Positive News Coverage, Accern Reports

News stories about Simon Property Group (NYSE:SPG) have trended somewhat positive on Saturday, Accern Sentiment reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Simon Property Group earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.883756357542 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:

A number of equities analysts have recently issued reports on SPG shares. Stifel Nicolaus set a $170.00 price objective on Simon Property Group and gave the stock a “hold” rating in a report on Sunday, August 27th. BMO Capital Markets started coverage on Simon Property Group in a report on Monday, September 11th. They set an “outperform” rating and a $175.00 target price for the company. Zacks Investment Research upgraded Simon Property Group from a “hold” rating to a “buy” rating and set a $182.00 target price for the company in a report on Wednesday, October 11th. Boenning Scattergood set a $240.00 target price on Simon Property Group and gave the company a “buy” rating in a report on Monday, October 30th. Finally, Mizuho set a $183.00 target price on Simon Property Group and gave the company a “buy” rating in a report on Sunday, October 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $191.11.

Simon Property Group (SPG) traded up $2.37 on Friday, reaching $167.07. The company’s stock had a trading volume of 1,991,046 shares, compared to its average volume of 1,891,343. The company has a market cap of $105,370.12, a price-to-earnings ratio of 29.47, a price-to-earnings-growth ratio of 2.23 and a beta of 0.62. The company has a debt-to-equity ratio of 5.57, a current ratio of 0.93 and a quick ratio of 0.93. Simon Property Group has a fifty-two week low of $150.15 and a fifty-two week high of $188.10.

Simon Property Group (NYSE:SPG) last released its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.88 by $0.01. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. Simon Property Group had a return on equity of 41.85% and a net margin of 31.96%. Simon Property Group’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.70 EPS. analysts anticipate that Simon Property Group will post 11.21 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th were given a dividend of $1.85 per share. This is a positive change from Simon Property Group’s previous quarterly dividend of $1.80. The ex-dividend date was Wednesday, November 15th. This represents a $7.40 dividend on an annualized basis and a yield of 4.43%. Simon Property Group’s dividend payout ratio is presently 130.51%.

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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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