Simon Property Group EPS Estimates Raised by Analysts at Jefferies Group (SPG)
Investment analysts at Jefferies Group boosted their EPS estimates on shares of Simon Property Group (NYSE:SPG) in a note issued to investors on Tuesday, AnalystRatingsNetwork reports. The firm currently has a $180.00 price target on the company’s shares. They previously had a $173.00 price target on the stock. Jefferies Group’s price objective points to a potential upside of 14.25% from the stock’s previous close.
Simon Property Group (NYSE:SPG) traded down 0.67% on Tuesday, hitting $156.50. 316,120 shares of the company’s stock traded hands. Simon Property Group has a one year low of $143.20 and a one year high of $182.45. The stock’s 50-day moving average is $151.0 and its 200-day moving average is $162.8. The company has a market cap of $48.567 billion and a price-to-earnings ratio of 39.14.
Simon Property Group (NYSE:SPG) last released its earnings data on Friday, October 25th. The company reported $2.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.16 by $0.05. The company had revenue of $1.30 billion for the quarter. During the same quarter last year, the company posted $1.99 earnings per share. Simon Property Group’s revenue was up 6.1% compared to the same quarter last year. Analysts expect that Simon Property Group will post $8.75 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Wednesday, November 13th. This is an increase from Simon Property Group’s previous quarterly dividend of $1.15.
A number of other firms have also recently commented on SPG. Analysts at RBC Capital raised their price target on shares of Simon Property Group from $200.00 to $205.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Simon Property Group in a research note to investors on Monday. They now have a $168.00 price target on the stock. Finally, analysts at Imperial Capital cut their price target on shares of Simon Property Group from $172.00 to $170.00 in a research note to investors on Monday. They now have an “in-line” rating on the stock. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $178.08.
Simon Property Group, Inc(NYSE:SPG), is a self-administered and self-managed real estate investment trust (REIT).
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