Somewhat Positive News Coverage Somewhat Unlikely to Impact Simon Property Group (SPG) Stock Price

Press coverage about Simon Property Group (NYSE:SPG) has been trending somewhat positive on Thursday, Accern Sentiment reports. The research group rates the sentiment of media coverage by reviewing more than 20 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 nearest to one being the most favorable. Simon Property Group earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 46.0080362801793 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:

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SPG has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Simon Property Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Barclays restated a “buy” rating and set a $190.00 price objective on shares of Simon Property Group in a research report on Wednesday, January 31st. Boenning Scattergood restated a “buy” rating and set a $240.00 price objective on shares of Simon Property Group in a research report on Thursday, February 1st. ValuEngine cut shares of Simon Property Group from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, JPMorgan Chase cut shares of Simon Property Group from an “overweight” rating to a “neutral” rating in a research report on Tuesday, March 27th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. Simon Property Group has a consensus rating of “Hold” and an average target price of $185.61.

Shares of SPG traded down $2.27 during trading on Thursday, reaching $150.28. 1,368,455 shares of the company traded hands, compared to its average volume of 1,815,640. Simon Property Group has a twelve month low of $147.28 and a twelve month high of $174.98. The stock has a market cap of $49,088.29, a PE ratio of 13.41, a P/E/G ratio of 1.96 and a beta of 0.57. The company has a debt-to-equity ratio of 5.87, a current ratio of 1.75 and a quick ratio of 1.75.

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 for the quarter, meeting analysts’ consensus estimates of $3.12. Simon Property Group had a net margin of 35.14% and a return on equity of 44.93%. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the business earned $1.26 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. sell-side analysts expect that Simon Property Group will post 11.99 earnings per share for the current fiscal year.

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About Simon Property Group

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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