SPG stock: buy or sell?
September 20th, 2019
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).
Should I buy SPG stock?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best time to buy them. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
None of our preferred buy setups matches with Simon Property stock situation right now, hence this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Simon Property stock a buy?
Banks and financial institutions publish stock ratings everyday.At Stocks2.com, we detected 12 ratings published for SPG stock in the last 30 days.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-9-3||Morgan Stanley||n/a||Equal Weight|
|2019-9-11||Canaccord Genuity||Buy||Speculative Buy|
|2019-6-3||JPMorgan Chase & Co.||n/a||Overweight|
|2019-6-20||Morgan Stanley||n/a||Equal Weight|
|2019-2-8||Wells Fargo & Co||Overweight||Market Weight|
|2019-2-1||BMO Capital Markets||n/a||Buy|
SPG stock analysis
Shares of Simon Property closed today at $155.04 and stayed stable a slightly good 0.27%.
Simon Property shares stayed stable 0.27% to $155.04 today. SPG is retaking the upward trend marking a new rising bottom heading to break out over $163.60.
Simon Property inched a tiny 0.72% this week. Counting this, it's been 4 climbing weeks in a row, soaring a 6.06%.
Simon Property is in a clear downtrend, marking consecutive declining tops and bottoms. Now is trading in between the - range. If the support holds the price, this might mark a double bottom configuration and create a flat-base to reverse this downtrend. Since early May, when SPG stock price broke down the 40-weeks moving avarage line, it slid $-19.84 per share (-11.34%). Trading stocks that are below the 40-weeks (that is, 200-days) moving average mark is not recommended by many experts, as it indicates that the stock has not enough institutional support.
SPG stock price history
SPG IPO was on December 14th, 1993 at $5.02 per share1. Since then, SPG stock grew a 2,988.40%, with an average of 119.50% per year. If you had invested right after SPG's IPO a $1,000 in SPG stock in 1993, it would worth $29,884.00 today.
1: Adjusted price after possible price splits or reverse-splits.
SPG stock historical price chart
SPG stock reached 52-week highs on December at $184.59, and all-time highs 2016-07-29 with a price of 198.28.
SPG stock price target is $180.80Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We found 8 price predictions for Simon Property stock released in the last 30 days:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-3||Morgan Stanley||Lowers Target||$170.00||$157.00||-7.6%|
|2019-8-23||SunTrust Banks||Lowers Target||$185.00||$160.00||-13.5%|
|2019-6-3||JPMorgan Chase & Co.||Lowers Target||$198.00||$193.00||-2.5%|
|2019-6-20||Morgan Stanley||Lowers Target||$180.00||$170.00||-5.6%|
|2019-6-11||Deutsche Bank||Lowers Target||$191.00||$188.00||-1.6%|
|2019-2-1||BMO Capital Markets||Reiterates||n/a||$191.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter presenting its last earnings report on April, Simon Property . Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual turnover report draw a tiny gain of 2.15% to $5,657.92 million dollars. Instead, its earnings margin (compared to revenues) rose to 43.13%, that is $2,440.06 million. To have an up to date view of the financial situation of Simon Property, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Simon Property TTM sales up to March 2019 were $5,710.94 and income was $2,367.88 million dollars. When comparing this TTM figures with the last reported annuality, we can esteem Simon Property business evolution since December 2018: Annual turnover up to March, compared to lastest yearly report, stayed steady a slightly good 0.94%. However, profit margin (net income/revenues) depreciated at 43.13%.
|2013||$5,180 M||-||$1,210 M23.4%||-|
|2014||$4,871 M||-5.97%||$1,409 M28.9%||16.41%|
|2015||$5,266 M||8.12%||$1,828 M34.7%||29.76%|
|2016||$5,435 M||3.21%||$1,839 M33.8%||0.61%|
|2017||$5,539 M||1.90%||$1,948 M35.2%||5.93%|
|2018||$5,658 M||2.15%||$2,440 M43.1%||25.26%|
|TTM||$5,711 M||0.94%||$2,368 M41.5%||-2.96%|
Quarterly financial resultsSimon Property posted $1,452.83 million in sales for 2019-Q1, a -0.54% decline compared to previous quarter. Reported quarter income marked $549.31 M with a profit margin of 37.81%. Profit margin collapsed a -11.04% compared to previous quarter when profit margin was 48.85%. When comparing revenues to same quarter last year, Simon Property sales marked a beatiful increase and grew a 3.79%.
|2017-Q2||$1,360 M||-||$378 M27.8%||-|
|2017-Q3||$1,380 M||1.47%||$515 M37.3%||36.20%|
|2017-Q4||$1,428 M||3.46%||$572 M40.1%||11.14%|
|2018-Q1||$1,400 M||-1.95%||$621 M44.4%||8.66%|
|2018-Q2||$1,388 M||-0.82%||$548 M39.5%||-11.85%|
|2018-Q3||$1,409 M||1.49%||$557 M39.5%||1.69%|
|2018-Q4||$1,461 M||3.67%||$714 M48.9%||28.10%|
|2019-Q1||$1,453 M||-0.54%||$549 M37.8%||-23.03%|
Simon Property ownershipWhen you are planning to invest in shares of a company, it's worth to review its ownership structure.
Simon Property shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.50% of all shares.
Bearish positions for SPG stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Simon Property:
|Market cap||$47.8 B||$17.5 B||$541.2 M|
|Total shares||308.0 M||113.4 M||83.1 M|
|Float shares||305.6 M||111.9 M||71.6 M|
|- Institutional holdings (%)||98.8%||101.6%||68.4%|
|- Insider holdings (%)||0.5%||1.3%||2.0%|
|Shares in short selling||0.0%||0.0%||0.0%|
|Friday, September 20th, 2019|
|Day range||$155.01 - $157.85|
|Average true range||$3.17|
|50d mov avg||$153.29|
|100d mov avg||$158.91|
|200d mov avg||$165.79|
Simon Property performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. In the following table, we compare Simon Property performance to Alexandria Real Estate Equities and New Senior Investment:
|AREAlexandria Real E...||6.80%||10.23%||25.21%|
|SNRNew Senior Invest...||-3.84%||33.13%||24.24%|
Simon Property competitorsDefining a list of competitors for Simon Property it's a hard job. We selected 2 public companies that are related to and can be considered as competitors of Simon Property:
Latest SPG stock news
- InvestorPlace3 Big Stock Charts for Friday: Simon Property Group, Cardinal Health and Northrop GrummanMay 10, 2019