Media coverage about Simon Property Group (NYSE:SPG) has trended somewhat positive recently, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Simon Property Group earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 46.4248608364497 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have effected Accern’s scoring:
- PREIT’s (PEI) Dartmouth Mall to Undergo Remerchandising – Nasdaq (nasdaq.com)
- Simon Property Group, Inc. (SPG) Attaining Market Attention on Technical Facts – Investing News Update (investingbizz.com)
- Hot Mover to Watch – Simon Property Group Inc (NYSE: SPG) – Alpha Beta Stock (alphabetastock.com)
- Simon Property Group Announces Retirement Of Andrew Juster (finance.yahoo.com)
- Simon Property Group (SPG) Raised to Hold at Zacks Investment Research (americanbankingnews.com)
SPG stock traded down $0.24 during trading hours on Wednesday, hitting $154.34. 1,176,625 shares of the company were exchanged, compared to its average volume of 1,888,506. The company has a debt-to-equity ratio of 5.87, a current ratio of 1.75 and a quick ratio of 1.75. The company has a market cap of $49,789.82, a PE ratio of 24.69, a PEG ratio of 1.99 and a beta of 0.58. Simon Property Group has a 52 week low of $150.15 and a 52 week high of $176.17.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were issued a dividend of $1.95 per share. This is a boost from Simon Property Group’s previous quarterly dividend of $1.85. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $7.80 dividend on an annualized basis and a yield of 5.05%. Simon Property Group’s payout ratio is presently 124.80%.
SPG has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Simon Property Group from a “sell” rating to a “hold” rating in a research note on Friday, January 19th. Barclays cut their target price on Simon Property Group from $190.00 to $188.00 and set an “overweight” rating on the stock in a research note on Monday, February 26th. Raymond James Financial set a $185.00 target price on Simon Property Group and gave the stock a “buy” rating in a research note on Sunday, December 3rd. ValuEngine downgraded Simon Property Group from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Boenning Scattergood restated a “buy” rating and issued a $240.00 target price on shares of Simon Property Group in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $190.54.
In other Simon Property Group news, SVP Steven K. Broadwater sold 621 shares of the business’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $171.95, for a total transaction of $106,780.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 8.42% of the company’s stock.
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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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