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Simon Property Group Inc. (NYSE:SPG) issued an update on its FY14 earnings guidance on Friday morning. The company provided EPS guidance of $9.50-9.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $9.49, AnalystRatings.Net reports.

Several analysts have recently commented on the stock. Analysts at Barclays cut their price target on shares of Simon Property Group from $186.00 to $178.00 in a research note to investors on Tuesday. They now have an overweight rating on the stock. On a related note, analysts at Deutsche Bank reiterated a buy rating on shares of Simon Property Group in a research note to investors on Wednesday, January 15th. They now have a $187.00 price target on the stock, down previously from $195.00. Finally, analysts at Morgan Stanley reiterated an overweight rating on shares of Simon Property Group in a research note to investors on Monday, December 16th. They now have a $186.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Simon Property Group presently has an average rating of Buy and a consensus price target of $180.42.

Simon Property Group Inc. (NYSE:SPG) traded up 1.60% during mid-day trading on Friday, hitting $155.39. The stock had a trading volume of 727,780 shares. Simon Property Group Inc. has a 1-year low of $142.47 and a 1-year high of $182.45. The stock has a 50-day moving average of $154.0 and a 200-day moving average of $153.4. The company has a market cap of $48.223 billion and a P/E ratio of 38.00.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Friday, January 31st. The company reported $2.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.42 by $0.05. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the company posted $2.29 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts expect that Simon Property Group Inc. will post $8.80 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of 1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 3.27%.

Simon Property Group, Inc(NYSE:SPG), is a self-administered and self-managed real estate investment trust (REIT).

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