Simon Property Group (SPG) Forecasted to Post Q1 2018 Earnings of $2.83 Per Share

Simon Property Group (NYSE:SPG) – Jefferies Group cut their Q1 2018 EPS estimates for Simon Property Group in a research note issued to investors on Thursday, April 12th. Jefferies Group analyst O. Okusanya now forecasts that the real estate investment trust will post earnings per share of $2.83 for the quarter, down from their prior forecast of $2.84.

SPG has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Simon Property Group from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. ValuEngine downgraded shares of Simon Property Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Barclays reduced their target price on shares of Simon Property Group from $190.00 to $188.00 and set an “overweight” rating on the stock in a report on Monday, February 26th. Boenning Scattergood restated a “buy” rating and issued a $240.00 target price on shares of Simon Property Group in a report on Thursday, February 1st. Finally, JPMorgan Chase downgraded shares of Simon Property Group from an “overweight” rating to a “neutral” rating in a report on Tuesday, March 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $185.61.



Shares of NYSE SPG opened at $149.92 on Friday. The company has a debt-to-equity ratio of 5.87, a quick ratio of 1.75 and a current ratio of 1.75. The firm has a market capitalization of $49,206.81, a price-to-earnings ratio of 13.69, a P/E/G ratio of 1.97 and a beta of 0.57. Simon Property Group has a 52-week low of $147.28 and a 52-week high of $176.17.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $3.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $3.12. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.45 billion. Simon Property Group had a net margin of 35.14% and a return on equity of 44.93%. Simon Property Group’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.26 EPS.

A number of large investors have recently modified their holdings of SPG. Janus Henderson Group PLC boosted its position in Simon Property Group by 4.5% in the 3rd quarter. Janus Henderson Group PLC now owns 275,960 shares of the real estate investment trust’s stock valued at $44,410,000 after buying an additional 11,813 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in Simon Property Group by 23.1% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,778 shares of the real estate investment trust’s stock valued at $770,000 after buying an additional 898 shares during the period. Neuberger Berman Group LLC boosted its position in Simon Property Group by 1.6% in the 3rd quarter. Neuberger Berman Group LLC now owns 449,136 shares of the real estate investment trust’s stock valued at $72,315,000 after buying an additional 7,086 shares during the period. Dean Investment Associates LLC boosted its position in Simon Property Group by 38.0% in the 3rd quarter. Dean Investment Associates LLC now owns 5,321 shares of the real estate investment trust’s stock valued at $857,000 after buying an additional 1,466 shares during the period. Finally, Gyroscope Capital Management Group LLC boosted its position in Simon Property Group by 4.8% in the 3rd quarter. Gyroscope Capital Management Group LLC now owns 35,500 shares of the real estate investment trust’s stock valued at $5,716,000 after buying an additional 1,623 shares during the period. Institutional investors own 94.78% of the company’s stock.

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Simon Property Group Company Profile

Simon is a global leader in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.

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

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