Q1 2018 EPS Estimates for Simon Property Group Reduced by Analyst (SPG)

Simon Property Group (NYSE:SPG) – Jefferies Group cut their Q1 2018 EPS estimates for shares of Simon Property Group in a report released on Thursday, April 12th, according to Zacks Investment Research. Jefferies Group analyst O. Okusanya now anticipates that the real estate investment trust will post earnings per share of $2.83 for the quarter, down from their previous forecast of $2.84.

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

A number of other equities analysts have also recently weighed in on the company. JPMorgan Chase cut Simon Property Group from an “overweight” rating to a “neutral” rating in a report on Tuesday, March 27th. Zacks Investment Research raised Simon Property Group from a “sell” rating to a “hold” rating in a report on Tuesday, March 20th. Barclays reduced their price target on Simon Property Group from $190.00 to $188.00 and set an “overweight” rating for the company in a report on Monday, February 26th. ValuEngine cut Simon Property Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Boenning Scattergood reaffirmed a “buy” rating and issued a $240.00 price target on shares of Simon Property Group in a report on Thursday, February 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. Simon Property Group has an average rating of “Hold” and a consensus price target of $185.61.

NYSE SPG opened at $147.25 on Friday. The stock has a market capitalization of $48,867.26, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 1.95 and a beta of 0.57. Simon Property Group has a twelve month low of $146.90 and a twelve month high of $174.98. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 5.87.

Large investors have recently bought and sold shares of the stock. RFG Advisory Group LLC acquired a new stake in shares of Simon Property Group in the fourth quarter valued at approximately $200,000. Partnervest Advisory Services LLC acquired a new stake in shares of Simon Property Group in the fourth quarter valued at approximately $204,000. Murphy Capital Management Inc. acquired a new stake in shares of Simon Property Group in the fourth quarter valued at approximately $206,000. Advisory Services Network LLC increased its holdings in shares of Simon Property Group by 822.4% in the fourth quarter. Advisory Services Network LLC now owns 1,236 shares of the real estate investment trust’s stock valued at $212,000 after purchasing an additional 1,102 shares during the last quarter. Finally, First Merchants Corp acquired a new stake in shares of Simon Property Group in the fourth quarter valued at approximately $213,000. 94.79% of the stock is owned by hedge funds and other institutional investors.

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

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