Headlines about Simon Property Group (NYSE:SPG) have been trending somewhat positive on Thursday, Accern reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public 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 sentiment score of 0.21 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 46.3099122387609 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
- Keep Your Active Eyes on Simon Property Group, Inc. (SPG) – Wall Street Morning (wallstreetmorning.com)
- Simon Property Group, Inc. (NYSE:SPG) – Determine A Stock Value Before Making Any Investment Decision – Nasdaq Journal (press release) (nasdaqjournal.com)
- How Simon Property Group Inc (NYSE:SPG) Delivered A Better ROE Than Its Industry (finance.yahoo.com)
- Urstadt Biddle Properties Inc. (UBP) Ex-Dividend Date Scheduled for January 04, 2018 – Nasdaq (nasdaq.com)
- Simon Property Group: If You’re Going To Invest In Retail REITs, Size Matters – Seeking Alpha (seekingalpha.com)
Shares of Simon Property Group (SPG) traded down $5.02 during trading hours on Thursday, reaching $166.60. 2,159,477 shares of the company’s stock traded hands, compared to its average volume of 1,817,192. The company has a debt-to-equity ratio of 5.57, a current ratio of 0.93 and a quick ratio of 0.93. Simon Property Group has a one year low of $150.15 and a one year high of $188.10. The firm has a market capitalization of $53,300.00, a P/E ratio of 29.43, a price-to-earnings-growth ratio of 2.15 and a beta of 0.62.
A number of research firms recently issued reports on SPG. Stifel Nicolaus reissued a “hold” rating and set a $170.00 target price on shares of Simon Property Group in a research report on Thursday, October 12th. Zacks Investment Research downgraded shares of Simon Property Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Mizuho set a $183.00 price objective on shares of Simon Property Group and gave the company a “buy” rating in a research report on Sunday, October 29th. SunTrust Banks set a $170.00 price objective on shares of Simon Property Group and gave the company a “hold” rating in a research report on Sunday, October 29th. Finally, Raymond James Financial set a $185.00 price objective on shares of Simon Property Group and gave the company a “buy” rating in a research report on Sunday, December 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $191.11.
In other news, CAO Steven K. Broadwater sold 621 shares of the stock in a transaction that occurred on Saturday, December 29th. The stock was sold at an average price of $171.95, for a total transaction of $106,780.95. Following the completion of the transaction, the chief accounting officer now directly owns 2,290 shares in the company, valued at approximately $393,765.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 8.42% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Simon Property Group (SPG) Getting Somewhat Positive Press Coverage, Analysis Finds” was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://www.tickerreport.com/banking-finance/3125919/simon-property-group-spg-getting-somewhat-positive-press-coverage-analysis-finds.html.
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.
Receive News & Ratings for Simon Property Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simon Property Group and related companies with MarketBeat.com's FREE daily email newsletter.