News headlines about Simon Property Group (NYSE:SPG) have trended somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Simon Property Group earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.4184699098213 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s scoring:
- Equity Lifestyle Properties, Inc. (ELS) Ex-Dividend Date Scheduled for December 28, 2017 – Nasdaq (nasdaq.com)
- Simon Property Group, Inc. (SPG) – Momentum Stock to Focus – Wall Street Morning (wallstreetmorning.com)
- How Do Analysts See Simon Property Group Inc (NYSE:SPG) Performing Over The Next Few Years? (finance.yahoo.com)
- Technical note to watch on Simon Property Group, Inc. (SPG) – – Wall Street Morning (wallstreetmorning.com)
- Reviewing Four Corners Property Trust (FCPT) & Simon Property Group (SPG) (americanbankingnews.com)
A number of research firms recently issued reports on SPG. Royal Bank of Canada restated a “hold” rating and set a $176.00 price objective on shares of Simon Property Group in a report on Thursday, November 2nd. Argus decreased their price objective on shares of Simon Property Group from $200.00 to $195.00 and set a “buy” rating for the company in a report on Tuesday, October 31st. Zacks Investment Research upgraded shares of Simon Property Group from a “hold” rating to a “buy” rating and set a $182.00 price objective for the company in a 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 report on Sunday, October 29th. Finally, BMO Capital Markets set a $175.00 target price on shares of Simon Property Group and gave the stock a “buy” rating in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $191.11.
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 for the quarter, beating analysts’ consensus estimates of $2.88 by $0.01. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.39 billion. Simon Property Group had a net margin of 42.22% and a return on equity of 56.26%. Simon Property Group’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the firm posted $2.70 earnings per share. research analysts anticipate that Simon Property Group will post 11.21 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th were paid a dividend of $1.85 per share. The ex-dividend date was Wednesday, November 15th. This is an increase from Simon Property Group’s previous quarterly dividend of $1.80. This represents a $7.40 annualized dividend and a dividend yield of 4.37%. Simon Property Group’s dividend payout ratio (DPR) is 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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