Wall Street analysts expect Simon Property Group, Inc. (NYSE:SPG) to report earnings of $3.13 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Simon Property Group’s earnings, with the lowest EPS estimate coming in at $3.09 and the highest estimate coming in at $3.16. Simon Property Group posted earnings per share of $1.64 in the same quarter last year, which would indicate a positive year over year growth rate of 90.9%. The company is expected to announce its next quarterly earnings report on Tuesday, January 30th.

On average, analysts expect that Simon Property Group will report full year earnings of $11.21 per share for the current fiscal year, with EPS estimates ranging from $11.15 to $11.24. For the next financial year, analysts expect that the company will post earnings of $12.18 per share, with EPS estimates ranging from $12.03 to $12.25. Zacks’ EPS calculations are an average based on a survey of research firms that follow Simon Property Group.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $2.89 EPS for the quarter, beating the consensus estimate of $2.88 by $0.01. The firm had revenue of $1.40 billion for 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%. The company’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.70 EPS.

SPG has been the subject of several analyst reports. BMO Capital Markets initiated 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. Stifel Nicolaus set a $170.00 target price on Simon Property Group and gave the company a “hold” rating in a report on Sunday, August 27th. Jefferies Group LLC restated a “buy” rating on shares of Simon Property Group in a report on Tuesday, July 25th. BidaskClub upgraded Simon Property Group from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, Zacks Investment Research cut Simon Property Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. Simon Property Group presently has a consensus rating of “Buy” and a consensus price target of $191.45.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Simon Property Group by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 45,741,576 shares of the real estate investment trust’s stock valued at $7,399,158,000 after purchasing an additional 259,901 shares during the period. Capital World Investors lifted its stake in shares of Simon Property Group by 25.4% in the 2nd quarter. Capital World Investors now owns 20,788,000 shares of the real estate investment trust’s stock valued at $3,362,667,000 after purchasing an additional 4,210,000 shares during the period. APG Asset Management US Inc. lifted its stake in shares of Simon Property Group by 3.2% in the 3rd quarter. APG Asset Management US Inc. now owns 7,493,740 shares of the real estate investment trust’s stock valued at $1,206,567,000 after purchasing an additional 235,200 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Simon Property Group by 9.7% in the 2nd quarter. Principal Financial Group Inc. now owns 6,112,741 shares of the real estate investment trust’s stock valued at $988,797,000 after purchasing an additional 542,743 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Simon Property Group by 1.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,838,794 shares of the real estate investment trust’s stock valued at $944,483,000 after purchasing an additional 108,510 shares during the period. Institutional investors own 95.10% of the company’s stock.

Shares of Simon Property Group (SPG) traded down $2.09 during mid-day trading on Friday, reaching $155.00. The company had a trading volume of 2,114,166 shares, compared to its average volume of 1,471,198. The company has a market cap of $50,985.16, a PE ratio of 14.47 and a beta of 0.60.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be issued a $1.85 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $7.40 annualized dividend and a yield of 4.77%. This is a boost from Simon Property Group’s previous quarterly dividend of $1.80. Simon Property Group’s dividend payout ratio (DPR) is 126.98%.

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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Earnings History and Estimates for Simon Property Group (NYSE:SPG)

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