Simon Property Group Inc (NYSE:SPG) – Research analysts at Jefferies Group issued their Q1 2018 earnings estimates for shares of Simon Property Group in a report released on Monday. Jefferies Group analyst O. Okusanya forecasts that the real estate investment trust will post earnings per share of $2.84 for the quarter. Jefferies Group also issued estimates for Simon Property Group’s Q2 2018 earnings at $2.90 EPS, Q3 2018 earnings at $3.00 EPS, Q4 2018 earnings at $3.29 EPS, FY2018 earnings at $12.02 EPS, Q1 2019 earnings at $2.94 EPS, Q2 2019 earnings at $3.06 EPS, Q3 2019 earnings at $3.12 EPS, Q4 2019 earnings at $3.41 EPS and FY2020 earnings at $13.10 EPS.
Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $3.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $3.12. Simon Property Group had a return on equity of 44.93% and a net margin of 35.14%. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the prior year, the firm posted $1.26 EPS. The firm’s quarterly revenue was up .1% on a year-over-year basis.
Shares of Simon Property Group (NYSE:SPG) opened at $156.80 on Tuesday. Simon Property Group has a 1-year low of $150.15 and a 1-year high of $187.35. The firm has a market capitalization of $100,571.84, a PE ratio of 14.01, a price-to-earnings-growth ratio of 2.00 and a beta of 0.55. The company has a quick ratio of 0.93, a current ratio of 1.75 and a debt-to-equity ratio of 5.87.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th will be issued a dividend of $1.95 per share. This represents a $7.80 dividend on an annualized basis and a dividend yield of 4.97%. This is a boost from Simon Property Group’s previous quarterly dividend of $1.85. The ex-dividend date of this dividend is Tuesday, February 13th. Simon Property Group’s dividend payout ratio (DPR) is currently 118.40%.
In related news, CAO Steven K. Broadwater sold 621 shares of the firm’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $171.95, for a total transaction of $106,780.95. Following the transaction, the chief accounting officer now directly owns 2,290 shares of the company’s stock, valued at approximately $393,765.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 8.42% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. WFG Advisors LP grew its position in Simon Property Group by 1.3% during the 2nd quarter. WFG Advisors LP now owns 1,841 shares of the real estate investment trust’s stock worth $298,000 after acquiring an additional 23 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Simon Property Group by 1.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 15,596 shares of the real estate investment trust’s stock worth $2,523,000 after acquiring an additional 173 shares during the last quarter. Parallel Advisors LLC grew its position in Simon Property Group by 69.7% during the 3rd quarter. Parallel Advisors LLC now owns 772 shares of the real estate investment trust’s stock worth $124,000 after acquiring an additional 317 shares during the last quarter. Advisor Partners LLC grew its position in Simon Property Group by 7.6% during the 4th quarter. Advisor Partners LLC now owns 4,540 shares of the real estate investment trust’s stock worth $746,000 after acquiring an additional 322 shares during the last quarter. Finally, Phocas Financial Corp. grew its position in Simon Property Group by 2.5% during the 2nd quarter. Phocas Financial Corp. now owns 13,323 shares of the real estate investment trust’s stock worth $2,155,000 after acquiring an additional 325 shares during the last quarter. 47.57% of the stock is currently owned by institutional investors.
About Simon Property Group
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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