News coverage about Simon Property Group (NYSE:SPG) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Simon Property Group earned a news impact score of 0.16 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.4248608364497 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- After Plaza renovation, King of Prussia Mall looks to third phase (bizjournals.com)
- Plans filed to kick off major redevelopment at Phipps Plaza (Renderings) (bizjournals.com)
- Simon Property Group, Inc., (NYSE: SPG) – Signals from Technical Perspective (stocksnewstimes.com)
- Redemption of warrants – sale of treasury shares in SP Group A/S (finance.yahoo.com)
- Notice of Annual General Meeting in SP Group A/S (finance.yahoo.com)
Simon Property Group stock opened at $155.55 on Friday. The company has a market cap of $50,062.11, a PE ratio of 13.93, a P/E/G ratio of 2.00 and a beta of 0.57. Simon Property Group has a fifty-two week low of $147.28 and a fifty-two week high of $176.17. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 5.87.
Several research analysts recently commented on SPG shares. Zacks Investment Research upgraded Simon Property Group from a “sell” rating to a “hold” rating in a research report on Tuesday, March 20th. JPMorgan Chase lowered Simon Property Group from an “overweight” rating to a “neutral” rating in a research report on Tuesday, March 27th. Boenning Scattergood reiterated a “buy” rating and issued a $240.00 price target on shares of Simon Property Group in a research report on Thursday, February 1st. Barclays reissued a “buy” rating and issued a $190.00 price objective on shares of Simon Property Group in a research note on Wednesday, January 31st. Finally, ValuEngine downgraded shares of Simon Property Group from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $185.61.
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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.
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